ASIC notes the decision by Pental Limited (Pental) to write down the Country Life brand name intangible asset (Country Life brand) by $1.38 million in its financial report for the year ended 30 June 2019. ASIC had raised concerns on the impairment assessment of the Country Life brand for Pental’s financial report for the year …
The Federal Court of Australia has found an AFSL holder and its former director made misleading and deceptive statements about an investment strategy targeting retired investors and investors approaching retirement, said to mimic the performance of the Australian Government’s Future Fund. Port Phillip Publishing Pty Ltd (PPP) and its former director, Kristan Sayce, reached agreement …
olo Finance Addresses: Heron House, Oaks Business Park, Crew Road, Wythenshawe, Manchester M23 9HZ 27/28 Eastcastle Street, Fitzrovia, London W1W 8DH Telephone: 020 8638 7623, 0800 046 5295, 0333 303 4312, 0333 303 4461 Email: [email protected] [email protected] Website: www.holofinance.site This unauthorised firm has no association with Hologic Ltd (company number 02722343).
Today ASIC has released a report Looking for a mortgage: Consumer experiences and expectations in getting a home loan. As part of this research, ASIC followed over 300 consumers in the process of taking out a home loan and surveyed another 2,000 consumers. This research examines consumer decision-making in relation to home loans to identify …
ASIC research highlights the importance of reforms for mortgage brokers and home lending Read More »
ASIC has released a consultation paper Product intervention: OTC binary options and CFDs (CP 322) on proposals to use its product intervention power to address significant detriment to retail clients resulting from over-the-counter (OTC) binary options and CFDs. A binary option is an ‘all or nothing’ bet on the outcome of an event. A CFD …
Unauthorised firm – Rothschild Financial (clone) Address: Level 3B Plaza Shell, 29 Jalan Tunka Abdul Rahman, Kota Kinabalu Sabah, MALAYSIA, 88000 Republic Plaza, 370 17th Street, Denver, CO, UNITED STATES OF AMERICA, 80202 Nassima Tower, Sheikh Zayed Road, Dubai, UNITED ARAB EMIRATES Telephone: +6 0 154 600 0019, +1 720 799 0440, +9 71 4586 …
Finclear Execution Limited (Finclear) has paid a penalty of $70,000 to comply with an infringement notice given by the Markets Disciplinary Panel (the MDP). The MDP had reasonable grounds to believe that Finclear contravened the market integrity rules in relation to a pre-arranged crossing in April 2018 for an on-market buy-back by a company listed …
Finclear Execution pays $70,000 infringement notice Read More »
Unauthorised firm – Thomas and Ward Advisors LLC Address: 42 Beaver Street, New York, UNITED STATES OF AMERICA, 10004 Telephone: + 1 917 475 0003, + 1 205 555 5000 Fax: +1 917 970 8338 Email: [email protected], [email protected] Website: www.thomasandward.com Be aware that some firms may give out other details or change their contact details …
A recent review by ASIC found Australian equity markets continue to operate with a high degree of integrity. Report 623 Review of Australian equity market cleanliness: 1 November 2015 to 31 October 2018 examines market cleanliness for the period, with a focus on insider trading and information leaks ahead of material market announcements. It extends …
Review upholds Australian equity market’s record for cleanliness Read More »
ASIC has requested that exchange market operators do not admit any managed funds that do not disclose their portfolio holdings daily and have internal market makers while it undertakes a review during the remainder of this calendar year. Internal market making occurs when a managed fund’s responsible entity acts as the market maker for its …
ASIC implements pause on admission of managed funds with internal market makers Read More »
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