Russell Johnson, a co-founder of collapsed brokerage company Sonray Capital Markets appeared in a Melbourne court on 24 charges including theft, conspiracy and dishonesty over his role in the downfall of Sonray.
Russell Johnson, a co-founder of collapsed brokerage company Sonray Capital Markets appeared in a Melbourne court on 24 charges including theft, conspiracy and dishonesty over his role in the downfall of Sonray.
After seeking more disclosure from CFD companies, the Australian Securities & Investments Commission is now looking to curtail cases of abuse involving misleading and deceptive advertising by financial services companie
It has been reported that Frontline Financial Planning, a company that is presently under investigation by ASIC is running an unauthorised operation offering Australians the ability to buy and sell CFDs and trade foreign exchange
The Australian Securities and Investments Commission has tightened the rules governing contracts for difference which now require clearer disclosure in seven areas.
The Australian Securities and Investments Commission (ASIC) has proposed a tightening of the rules around the financial requirements for issuers of over-the-counter derivative products.
ASIC is thought to be working to close a loophole in CFD trading in which some CFD issuers keep trading even when the underlying security has stopped trading.
The Financial Ombudsman Service, in a report to the ASIC, has urged the commission to increase protection for investors in CFDs. The ombudsman has called for more stringent minimum standards that would restrict CFD providers from allowing unexperienced clients to trade in the derivative products.
In a landmark case that has reached the Australian national tabloids, a young broker charged with multiple counts of insider trading in CFDs has received a four-and-a-half year jail sentence, the highest sentence on record…
IG Markets, one of Australia’s leading CFD Providers has responded to the ASIC report by issuing a press release stating that it supports ASIC’s proposed introduction of disclosure benchmarks for CFD providers..
Just a week after expressing concern about consumer understanding of over the counter products such as CFDs, the Australian regulator has issued a 45-page investor guide…
A former Macquarie Bank portfolio manager has pleaded guilty to insider trading on 12 occasions which amounted to more than $1.4 million in gross profit, an ASIC investigation has found.
On July 19, the Committee of European Securities Regulators (CESR) published a consultation paper (CESR/10-610) on the standardization and exchange trading of over-the-counter (OTC) derivatives.
The Australian Securities and Investments Commission (ASIC) has warned that that the derivative product contracts for difference (CFD) will face tougher regulations unless they voluntarily introduce firmer measures to protect retail investors.
The Australian Securities and Investments Commission (ASIC) says it will be closely monitoring certain trading tools when it takes over the supervision of financial markets later this year.
ASIC has issued its first warning targeted to the multi-billion-dollar OTC (over-the-counter) market by issuing a paper seeking more disclosure from the industry and warning investors to ask more questions.