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The former director of Reiwa-Capital, Russell Sandiford, has pleaded guilty to two counts of dishonest conduct in relation to a financial product contrary to section 1041G of the Corporations Act with section 1311, following an ASIC investigation. Between January 2020 and June 2022 Mr Sandiford obtained $440,909.71 from 74 clients on the basis of investing …

Former director of Reiwa-Capital pleads guilty to using investor funds dishonestly Read More »

ASIC has made two orders permanently banning Yanchep-based financial adviser Mark Raymond Sebo following his convictions of fraud. The convictions related to Mr Sebo stealing funds from his client’s superannuation funds. Under the Corporations Act and National Consumer Credit Protection Act, ASIC may permanently ban a person from the financial services and credit industries if …

ASIC permanently bans Yanchep financial adviser Read More »

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today withdrawn the authorisation of Euronext Paris SA (Euronext) as a Data Reporting Service Provider (DRSP) under the Markets in Financial Instruments Regulation (MiFIR). Euronext was authorised as both an Approved Reporting Mechanism and an Approved Publication Arrangement under MiFIR since 3 …

ESMA withdraws Euronext authorisation as a data reporting service provider under MIFIR upon the entity’s request Read More »

Your one-stop-shop in the world of EU financial markets focused in January on the last ESMA consultation package related to the Markets in Crypto Assets Regulation (MiCA). We invited stakeholders to send their feedback on reverse solicitation and classification of crypto assets as financial instruments by 29 April 2024 and we have also launched a …

ESMA publishes latest edition of its newsletter Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today issued a Public Statement providing market participants with clarity concerning their reporting requirements under RTS28, pending full application of the new rules under MiFID II. ESMA expects NCAs not to prioritise supervisory actions towards investment firms relating to the periodic …

ESMA clarifies certain best execution reporting requirements under MiFID II Read More »

We are pleased that the Court has decided to approve the scheme. We understand that LFS expect to start making payments to scheme creditors as soon as possible, if there is no appeal of the Judge’s decision. Investors voted overwhelmingly in support of the scheme. The small minority have now had their representations fully considered …

Update on Link Fund Solutions (LFS) scheme of arrangement Read More »