Day: March 15, 2023

BITFXD

Unauthorised firm – BITFXD Address: United States Telephone: +1781746148 Email: [email protected] Website: www.bitfxd.com Be aware that some firms may give out other details or change their contact details over time to new email addresses, telephone numbers or physical addresses.

Adslot writes down goodwill following ASIC review

Following an ASIC review, Adslot Limited (Adslot) has written down all its goodwill in its financial report for the half-year ended 31 December 2022, totalling $5.2 million. ASIC reviewed Adslot’s financial report for the year ended 30 June 2022 as part of its financial reporting surveillance program and raised concerns about the assumptions it used …

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Liquidator disciplinary committee cancels registration of Cameron Lindsay Duncan

On 28 February 2023, a liquidator disciplinary committee (the Committee) decided that Cameron Lindsay Duncan’s registration as a liquidator should be cancelled. ASIC’s referral to the Committee alleged Mr Duncan no longer had the qualifications, experience, knowledge and abilities prescribed under the Corporations Act 2001 (the Act), and that he is not a resident in …

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ASIC bans Queensland based adviser from providing financial services for three years

ASIC has banned Tanawha-based adviser Douglas Cecil Allen from providing financial services for three years. ASIC’s review of a sample of Mr Allen’s advice files identied that Mr Allen was using a ‘layered advice’ strategy and ASIC found that he provided advice that was not in the clients best interests, was not appropriate and that …

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ASIC suspends Global Pacific Solutions Group AFS licence

ASIC has suspended the Australian financial services (AFS) licence of Global Pacific Solutions Group Pty Ltd (Global Pacific) for three years. ASIC found that Global Pacific failed to ensure that the financial services it provided were done so efficiently, honestly and fairly, as a result of the conduct of Douglas Cecil Allen, Global Pacific’s sole …

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AFS licence suspension of Sydney financial service provider ends following compliance with obligations

On 10 November 2022, ASIC suspended the Australian financial services (AFS) licence of Sydney based financial services provider Gigi Investment Group Pty Ltd (Gigi Investment) for a period of three months. An ASIC surveillance found that Gigi Investment failed to: lodge its financial statements and audit report for the financial year ended 30 June 2021; …

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