Amidst all of the negative press of late related to crypto Initial Coin Offerings (ICOs), the Australian Government’s Treasury department has recently released an issues paper that draws attention to the many advantages and opportunities that ICOs can bring to businesses and to the Australian economy as a whole. The 27-page paper does not ignore…
Read moreThe Australian government has published its response to the Financial System Inquiry, outlining steps to bolster protection for client funds held at brokers. The report says that: The Government will develop legislative amendments to improve protections for client monies held in relation to derivatives. These improvements are needed to ensure that investors’ monies are adequately…
Read moreAustralia's companies register, currently administered by ASIC, could be sold off to a private entity, echoing Britain's transition of Companies House to a self-funding organization, raising concerns from top academics regarding oversight
Read moreAustralian financial services regulator ASIC is continuing its direction of clamping down on the activities of retail FX firms in its jurisdiction, this time revoking FX and CFD brokerage Rainbow Legend's AFS license for making false and misleading statements
Read moreAustralia's national financial industry regulator has shown its mettle by returning suspected CFD insider traders to the Antipodes from Hong Kong to face trial for offences committed in 2011
Read moreAustralia's national financial markets regulatory authority has processed 256 enforcements during the last six months, a notable example being the jailing of former Sonray director Russell Johnson for his part in the $46 million demise of the firm.
Read moreAustralian regulatory authority ASIC has imposed an eight year ban from working in the financial services industry on Jeremy Kaviraj Nambiar after an investigation exposed false trades which cost Westpac $17.6 million
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