"ASIC is a law enforcement agency and we will take action against entities, regardless of their size or reputation" - Greg Medcalf, Chairman, ASIC
Read moreRisk management and proper practice has prevailed in one specific OTC derivatives asset class in Australia - the trading of wholesale electricity Australia is well recognized among OTC derivatives firms worldwide as being a highly efficient jurisdiction in which to do business, a reputation which has gained it acclaim among many of the large FX…
Read moreThe Australian Senate is doing an inquiry into the performance of the Australian Securities and Investments Commission (ASIC) ASIC has been busy lately proving their worthiness as competent financial regulators. The watchdog is currently in the midst of a Senate inquiry into its activities and overall performance. A detailed statement from ASIC covers six issues,…
Read moreThe company (unknowingly) engaged in offering managed discretionary accounts The Australian regulator ASIC has issued a press release that details an enforceable action against online forex broker Forex Financial Services Ltd (Forex FS). An investigation which was carried out by Australian authorities has found that between March 2010 and October 2011 the brokerage has been…
Read moreThe cost of currency trading misconduct for Krishan Rasaratnam is 4 years of proceedings and 3 years and 3 months jailtime Legislative proceedings in Australia can be quite a lengthy process these days. Especially when the matter is related to FX trading fraudsters. It took more than two years to the Australian judicial system to…
Read moreAsia is clearly the focus of the world's leading Forex firms.
Read moreSome of the world's leading Forex firms have recently expanded in Australia.
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