Tag: AFSL

ASIC
May 24, 2021 BY Steffy Bogdanova

ASIC cancels Direct My Wealth Pty’s lincence

The announcement said: Under the Corporations Act 2001 and National Consumer Credit Protection Act 2009, ASIC may suspend or cancel an AFSL and ACL if the licensee is no longer providing financial services, ceases to engage in credit activities or fails to meet its legal obligations. This includes its obligations to lodge financial statements, auditor’s…

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November 13, 2015 BY Mike Fox

ASIC regulated retail Forex provider Ingot Brokers rectifies its cash reserve shortfall to meet legal requirements

ASIC states the company now rectified its 'cash and cash equivalents' arrangements to comply with its financial resource requirements. The Austrailian Securities and Investments Commission (ASIC) yesterday notified the investing public following ASIC's concerns regarding licensed retail FX provider Ingot Brokers. ASIC found Ingot was in breach of the financial requirements of its Australian financial services licence (AFSL) as a…

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