Halifax Auditor Faces Criminal Charges in Australia

The Australian Securities and Investments Commission (ASIC) has brought multiple criminal charges against EC Audit Pty Ltd, previously known as NSW Audit and was the auditor of troubled financial service prov...

Aussie Court Slaps Forex CT with AUD20 Million Fine

An Australian Federal Court has ruled against Forex Capital Trading Pty Ltd, known by its trade name Forex CT, ordering the broker to pay a penalty of AUD20 million for its involvement in ‘systemic unconscion...

ASIC Bans USGFX Director John Martin for 10 Years

John Carlton Martin, Director and a former Manager of the now-collapsed Union Standard International Group Pty Ltd (USGFX), has been banned from providing financial services for ten years by the Australian fi...

ASIC Bans Binary Options for Australian Retail Clients

The Australian Securities and Investments Commission (ASIC), announced today that it has decided to ban the sale of binary options to retail traders in Australia. During ASIC’s reviews in 2017 and 2019, the r...

ASIC Bans Forex CT Director Shlomo Yoshai for 10 Years

The Australian Securities and Investments Commission (ASIC) banned Forex CT sole Director, Shlomo Yoshai and four former employees for years from providing any financial services, the regulator announced on W...

ASIC Outlines Additional License Conditions for AxiCorp

Australian Securities and Investments Commission (ASIC), announced today that it has imposed additional conditions on the Australian financial services (AFS) license of AxiCorp to ensure adequate compliance a...