ASIC

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South Australian day trader sentenced for market manipulation

11/04/2018(0)
Stefan Mark Boitcheff of South Australia, has been convicted and sentenced after pleading guilty to two market manipulation-related charges in the District Court of South Australia. Mr Boitcheff was ... Read More
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Directors of Storm Financial penalised for breach of duties

22/03/2018(0)
The Australian Securities and Investments Commission has issued an announcement to inform investors and public that the Federal Court has imposed civil penalties of $70,000 each on the directors ... Read More
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Director to pay $400,000 and cease to provide financial services for five years

16/02/2018(0)
ASIC has accepted an Enforceable Undertaking from director Mr David Orth under which he will cease to provide financial services for five years. In addition, Mr Orth will make ... Read More
ASIC_regulator

Charges laid against former FX trader

07/02/2018(0)
Former Deutsche Bank FX options and futures trader, Andrew Donaldson, of Bronte NSW, has been charged with 85 offences under s184(2) of the Corporations Act 2001 in respect of ... Read More
ASIC_regulator

ASIC reports on how large financial institutions manage conflicts of interest in financial advice

24/01/2018(0)
An Australian Securities and Investments Commission (ASIC) review of financial advice provided by the five biggest vertically integrated financial institutions has identified areas where improvements are needed to the ... Read More
ASIC_regulator

ASIC reports on cyber resilience assessments of financial markets firms

30/11/2017(0)
An ASIC report on the cyber resilience of over 100 firms operating across Australia’s financial markets has shown a growing understanding of cyber risks, but there is still some ... Read More
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Citibank refunds $3.3 million to credit card customers

09/11/2017(0)
Citibank will refund more than $3.3 million to around 39,500 current and former customers for failing to refund customers when credit card accounts were closed with an outstanding credit ... Read More
Fintech

China and Australia to cooperate on fintech

06/11/2017(0)
The China Securities Regulatory Commission (‘CSRC’) and Australian Securities and Investments Commission (‘ASIC’) have entered into an agreement to promote innovation in financial services in their respective markets. The ... Read More
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ASIC bans former financial adviser for five years

11/09/2017(0)
ASIC has banned former financial adviser Daniel Gerard Manley from providing financial services for five years. ASIC found that Mr Manley engaged in conduct that was misleading or deceptive, ... Read More
ASIC_regulator

Big four banks in Australia change loan contracts to eliminate unfair terms

24/08/2017(0)
Following a commitment to further review their small business loan contracts, the big four banks have now agreed to specific changes with ASIC to eliminate unfair terms from their ... Read More
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