Day: July 6, 2023

ASIC has disqualified Gene Robert Farrelly from managing corporations for five years due to his involvement in the failure of five companies. Since February 2012, Mr Farrelly was the director of five companies that entered liquidation: United Project Partners Pty Ltd (ACN 155 849 399) (UPP); Secure Holdings Qld Pty Ltd (ACN 162 409 181) …

ASIC disqualifies Queensland director for maximum five years after engaging in illegal phoenix activity Read More »

Openmarkets Australia Limited (ACN 090 472 012) (Openmarkets) has paid the largest ever penalty imposed by the Markets Disciplinary Panel (MDP) of $4.5 million and entered into an enforceable undertaking in order to comply with an infringement notice issued by the MDP. Openmarkets has a history of compliance failures (including a 2017 MDP infringement notice) which …

Openmarkets pays record $4.5 million penalty, enters enforceable undertaking, former Head of Trading banned Read More »