Posts Tagged ‘ASIC’

Australia, Australian Securities and Investments Commission highlights CFD Compliance Issues

June 1, 2012Andy No Comments »

The Australian Securities & Investments Commission review of client money practices and reconciliation practices has found out that a number of issuers of OTC contracts for difference and margin FX derivatives are non-compliant.

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Australia, New ASIC Guidelines Target Misleading Ads

February 16, 2012Andy No Comments »

The Australian Securities & Investments Commission has taken its crackdown on misleading ads for financial products and services one step further by issuing a guide that strives to restrict the language of financial planners.

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Australia, Sonray director fronts Court

September 28, 2011Andy No Comments »

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.

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Australia, ASIC looking at Misleading and Deceptive Advertising

September 1, 2011Andy No Comments »

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

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Australia, Beware of Frontline Financial Planning: ASIC

August 18, 2011admin No Comments »

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

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Australia, ASIC seeks more Disclosure on CFDs‎

August 14, 2011Andy No Comments »

The Australian Securities and Investments Commission has tightened the rules governing contracts for difference which now require clearer disclosure in seven areas.

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Australia, ASIC aims to tighten rules around CFDs and Margin Forex Trading

May 10, 2011Andy No Comments »

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.

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Australia, Regulator to close loophole on CFDs Trading

May 4, 2011Andy No Comments »

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.

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Australia, ASX urges ASIC to tighten broker rules

January 31, 2011Andy No Comments »

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.

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Australia, Joseph Hartman falls from Luxury to Jail for Insider Trading

December 3, 2010Andy No Comments »

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…

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Australia, IG Markets Responds to the ASIC Report

November 26, 2010Andy No Comments »

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..

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Australia, ASIC releases Investor Guide about CFDs Trading

November 25, 2010Andy No Comments »

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…

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Australia, Ex-Macquarie Banker pleads guilty to Insider Trading

September 23, 2010Andy No Comments »

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.

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EU, CESR publishes consultation paper on Standardization and Exchange Trading of OTC Derivatives

August 4, 2010Andy No Comments »

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.

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Australia, CFD providers ‘need to do more’: ASIC

July 13, 2010Andy No Comments »

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.

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