TickTrade Systems and Applied Financial Solutions announce partnership LeapRate

March 15, 2018 BY Valentina Kirilova

TickTrade Systems and Applied Financial Solutions announce partnership

Toronto based technology firm TickTrade Systems has partnered with Applied Financial Solutions (AFS), the technology firm announced earlier today. TickTrade has created a modular, end-to-end FX trading service including sophisticated extensive distribution capabilities, customizable price engine functionality, comprehensive risk management, liquidity management, and more. TickTrade’s Predictive Analysis utilizes real time AI and machine learning tools…

November 29, 2016 BY Valentina Kirilova

Australian Financial Services licence suspended for failing to lodge financial statements

ASIC has suspended the Australian Financial Services (AFS) licence of Sydney-based Group Underwriters & Managers Pty Ltd (GUM) for three months for failing to lodge financial statements, auditor reports and auditor opinions for a period of three years. This is in breach of both GUM's legal obligations and licence conditions. ASIC Deputy Chair Peter Kell…

November 01, 2016 BY Valentina Kirilova

ASIC suspends AFS licence for failing to lodge financial statements

ASIC has suspended the Australian financial services (AFS) licence of Parramatta-based Rural & General Insurance Broking Pty Limited (RGIB) for failing to lodge financial statements, auditor's reports and auditor's opinions for the financial years ending 30 June 2014 and 30 June 2015. This is in breach of both its legal obligations under the Corporations Act…

October 27, 2016 BY Valentina Kirilova

ASIC refuses an application Clemente Group Holdings Pty Ltd for a derivatives/market maker licence

The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to refuse an application from Clemente Group Holdings Pty Ltd seeking an Australian Financial Services (AFS) licence to provide various financial services, including to make a market in derivatives. In her decision, the AAT’s Senior Member J F Toohey said: In my assessment of the evidence,…

October 04, 2016 BY Valentina Kirilova

ASIC cancels AFS licence of Lotus Securities

ASIC has cancelled the Australian financial services (AFS) licence of Lotus Securities Ltd (AFS licence 306812) for failing to comply with a number of its key obligations as a financial services licensee, including: lodging its financial reports within the required timeframe; lodging compliance plan audits and financial reports for the managed investment schemes it operates…

September 16, 2016 BY Valentina Kirilova

ASIC cancels a suspended AFS licence after failure to lodge financial statements and auditor reports

ASIC has cancelled the Australian Financial Services (AFS) licence of Melbourne-based company Allegianz Pty Ltd for failing to lodge financial statements and auditor reports. Allegianz's AFS licence was suspended by ASIC for six months in March 2016 for failing to meet its obligations to lodge financial statements and auditor reports. The financial statements and auditor…

July 20, 2016 BY Valentina Kirilova

ASIC cancels AFS licence of ICBC Capital Limited

ASIC has cancelled the Australian Financial Services (AFS) licence of corporate advisory and venture capital firm ICBC Capital Pty Ltd (in liquidation) (ACN140 629 296). ICBC was formerly known as Komodo Capital Pty Ltd. ASIC took this action as ICBC had been placed in liquidation by the Supreme Court of New South Wales on March…

May 21, 2015 BY Maria Nikolova

ASIC orders FX Primus to stop targeting Australian investors

After reports that Australia's watchdog has halted plans of FX Primus for an IPO on ASX, the regulator officially required from the FX broker to stop offering its services in Australia.

May 20, 2015 BY Maria Nikolova

ASIC cancels 120 financial services licenses in H2 2014

The first licensing activity report by Australia's financial watchdog shows it granted 174 AFS licenses and cancelled 120 such licenses in the second half of 2014.

Tag: AFS