ASIC Archives - FortuneZ

BRI Ferrier Denies Role in Shutting USG Global’s Bank Accounts

February 11, 2021

BRI Ferrier, the liquidator of its Australian-based Union Standard International Group Pty Ltd (USGFX), issued a statement recently debunking the claims of the Vantau-based sister entity, USG Global (Union St...

Aussie Brokers Welcome ASIC Restrictions Despite Expected Volume Dip

January 19, 2021

The Australian Securities and Investments Commission (ASIC) is going to implement restrictions on the retail contract for difference (CFDs) market. Their impact on the trading market can be huge as the levera...

ASIC Sues USGFX, Two Representatives for Doing FX Business in China

December 11, 2020

The Australian Securities and Investments Commission (ASIC) is suing three forex brokers for chasing business in a gray area of China’s online trading sector, even after it warned Aussie firms over illegal Ch...

ASIC Issued 394 AFS Licenses in 2019-20

November 11, 2020

The Australian Securities and Investments Commission, popularly known as ASIC, has updated its licensing and registration activities, revealing that it approved 394 new Australian financial services (AFS) and...

Busted: ASIC Freezes Websites & Bank Accounts of 2 ‘Ponzi Schemes’

October 26, 2020

The Australian Securities and Investments Commission (ASIC) has announced that the Australian Federal Court made orders restraining Matthew Alan Beresford from continuing to operate a financial services busin...

ASIC Officially Adopts Curbs on Selling CFDs to Retail Investors

October 23, 2020

The Australian Securities and Investments Commission (ASIC) has officially announced restrictions on selling contracts for difference (CFDs) to retail clients, saying it was still concerned about investor pro...

Plus500, IG and CMC Markets Reveal Their Take on New ASIC Rules

October 23, 2020

The Australian Securities and Investments Commission (ASIC) laid out new rules on Thursday to limit the extent to which brokers can pump up their retail clients’ bets on financial markets using CFDs products....

Australia Court Slaps over $53 Million Fine on AGM Markets, Others

October 19, 2020

The Federal Court of Australia has slapped a total pecuniary fine of AUD75 million (around $53.19 million) on three companies: AGM Markets Pty Ltd (AGM), OT Markets Pty Ltd (OTM), and Ozifin Tech Pty Ltd (Ozi...

ASIC Extends COVID-19 Relief for Capital Raisings & Financial Advice

September 23, 2020

Financial regulator the Australian Securities and Investments Commission (ASIC) announced this Wednesday that it has extended its COVID-19 relief for certain capital raisings and financial advice, as the long...

ASIC Cancels AFS Licence of USGFX after Entering Liquidation

September 18, 2020

The Australian Securities and Investments Commission (ASIC) announced this Friday that it has cancelled the Australian Financial Services (AFS) licence of Union Standard International Group Pty Ltd, which ope...