ASIC Archives - FortuneZ

Australia Sends Financial Adviser to Jail for $1.33 Million Fraud

August 4, 2020

An Australian court has sentenced Graeme Walter Miller, a former financial adviser and director of Australian financial services-licensed CFS Private Wealth, to six years of imprisonment for misappropriation ...

USGFX Enters into Voluntary Administration

July 9, 2020

Union Standard International Group PTY LTD (USGFX) has revealed to FortuneZ via a statement that it has entered into voluntary administration on the 8th of July 2020. According to the company, it has gone in...

CFH Expands Bullion Offering, Targets APAC Region, UAE & Turkey

July 8, 2020

CFH, a liquidity provider, has recently announced that it has expanded its Bullion offering to cover a list of synthetic instruments based on the underlying Loco London gold offering. The expansion of its pr...

ASIC Bans Former Forex CT Employee Steven Marsh for 3 Years

June 29, 2020

The Australian Securities and Investments Commission (ASIC) announced this Monday that it has banned Steven Marsh, a former employee of Forex Capital Trading Pty Ltd (Forex CT), from providing financial servi...

ASIC Reports 20% Uptick in Investment Scams During COVID-19

June 24, 2020

The Australian Securities and Investments Commission (ASIC) announced this Wednesday that it has seen an uptick in the number of investment scam reports from consumers and investors within Australia during th...

iSignthis Seeks Initial Damages of $27 Million From ASX

June 23, 2020

iSignthis (ISX), a payments identity company, has published a filing with the Australian Securities Exchange (ASX) this Tuesday, seeking initial damages in excess of $27 million from the ASX, as part of its o...

ASIC Issues Guidance on its Product Intervention Powers

June 17, 2020

The Australian Securities and Investments Commission (ASIC) has published a new regulatory guide on the administration of its product intervention powers, 10 months after the regulator issued its consultation...

ASIC Imposes Extra Conditions on SocGen Securities Australia AFSL

June 15, 2020

The Australian Securities and Investments Commission (ASIC) announced this Monday that it has imposed additional conditions on Societe Generale Securities Australia Pty Ltd’s Australian financial services (AF...

ASIC to Publish Guidance on Product Intervention Measures in June

June 11, 2020

The Australian Securities and Investments Commission (ASIC) announced this Thursday that further guidance on how it will use its product intervention powers will be published in June of 2020. In its revised ...

ASIC Further Suspends the AFSL of Former Stockbroker BBY

June 4, 2020

The Australian Securities and Investments Commission (ASIC) announced this Thursday that it has extended the suspension of the Australian financial services (AFS) licence held by BBY Limited, a former stockbr...