Tag Archives: ASIC
ASIC Clamping Down on Unregulated Firms – Fraudulent Currency Trading Scheme Uncovered
29
2013
Following an investigation into an unlicensed and fraudulent financial services business, ASIC has successfully applied to the Supreme Court of Queensland for three South-East Queensland based companies to be wound up. ASIC alleged Secured Collateral Pty Ltd (Secured Collateral), Diversified …
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Big Brother is Watching You – Surveillance of City Index Australia By ASIC Results in Enforceable Undertaking
11
2013
Australian financial regulator ASIC has been active in its observational duties recently, and following last week’s enforceable undertaking (EU) from Halifax Securities for irregularities in its risk management procedure which was accepted as restitution, City Index Australia (CIA) has become …
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Back in February, within INVAST Securities yearly earnings report, they also stated that they were opening an ASIC regulated Australian venture. Following on that report, the Japanese broker has announced management appointments for the new office. Leading the Australian subsidiary …
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AxiCorp Financial Services has posted record trading volumes during March 2013 under the company’s electronic trading arm AxiTrader. The Australian company completed the month with a total volume of $82,161 million, representing a Year-on-Year increase of $24,420 million when compared …
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Enforceable Undertaking Accepted By ASIC Following Investigation of Halifax Securities Risk Management Procedure
4
2013
Australia’s financial sector regulator ASIC has accepted an enforceable undertaking (EU) from Halifax Investment Services Ltd (Halifax) following the regulator’s surveillance of the company over a period of time which found deficiencies in Halifax’s risk management and compliance procedures. This …
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ASIC Finalizes Framework for Trading of Commonwealth Government Securities on the ASX
27
2013
Australian financial markets regulator ASIC has amended existing market integrity rules and related guidance to help with the introduction of retail trading of Commonwealth Government Securities (CGS) depository interests on the Australian Securities Exchange (ASX). The rules are one element …
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In House Development Rules at MahiFX – New Proprietary Desktop Application Launched
20
2013
Rather than offering its clients the somewhat ubiquitous but very familiar MetaTrader platform, ASIC regulated market maker MahiFX provides clients with its own proprietary desktop trading platform. This week, the company has released its new desktop trading application, further reinforcing …
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Invast Securities Posts Quarterly and FY Results, Launching Australian Subsidiary
4
2013
Japanese Broker Invast Securities released its Q3 and Fiscal Year ending March 2013 results. Over 2012, the broker has been widely marketing its Mirror Trading through its FX24/ST24 divisions with total copy trading accounts growing to over 30,000. As a …
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ThinkForex Operating Under ASIC Regulations, Relocates Global Headquarters to Australia
27
2013
International forex broker ThinkForex has announced that it has moved its global headquarters to Australia with offices in Sydney and Melbourne. The company has experienced a period of growth over the last two years, and as a result has made …
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ASIC Selects Delta Stream From First Derivatives For New Market Surveillance Solution
13
2012
In contrast with current sentiment towards the NFA, the ASIC is seen as one of the more FX friendly regulators. The Australian finrancial regulator is developing a reputation of understanding the FX market which has led to an increase of …
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