Brokerage Author

The Star Entertainment Group Ltd (The Star) has provided for fines and penalties of $150 million from alleged non-compliance with anti-money laundering laws in its financial report for the half-year ended 31 December 2022 after ASIC raised concerns. Following a review of The Star’s financial report for the year ended 30 June 2022, ASIC raised …

Star provides $150 million for fines and penalties after ASIC raises concerns Read More »

ASIC has commenced civil penalty proceedings in the Federal Court against Noumi Limited (formerly Freedom Foods Group Limited), its former managing director and CEO Rory Macleod and its former CFO Campbell Nicholas for alleged continuous disclosure failures, breaches of company director and officer duties, and false or misleading conduct. ASIC Deputy Chair Sarah Court said, …

ASIC sues former Freedom Foods Group and its former CEO and CFO alleging disclosure failures and breaches of director and officer duties Read More »

The FCA has secured money that will be paid to consumers that were subject to illegal contracts for difference (CFDs) forex trading promotions made by Mohammed Maricar, director of 24HR Trading Academy Ltd. In March 2021, the High Court ordered that Mr Maricar and his company pay £530,000 by way of restitution/compensation for the benefit …

FCA to distribute funds to consumers following enforcement against unlawful CFD forex trading business Read More »

Unauthorised firm – Crypto Meta5 Address: 22 International Division, Via G.B., Pirelli Telephone: +15024823278 Email: [email protected] Website: www.crypto-meta5.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.

ASIC has banned former mortgage broker and property spruiker Christine Betty Childs, of Sunshine Coast, Queensland, from providing financial services for eight years. ASIC banned Mrs Childs, former director of Think Money and Think Money Wealth Through Property, for carrying on an unlicensed financial services business in recommending clients to buy property through their superannuation, …

ASIC bans unlicensed individual from financial services for eight years Read More »

ASIC has prosecuted 81 individuals from 1 July 2022 to 31 December 2022 for failing to assist registered liquidators. These prosecutions follow the failure of company officers and other individuals to comply with fundamental governance obligations to provide registered liquidators with access to company books and submit a report on company activities and property (ROCAP) …

ASIC prosecutes 81 individuals for failing to assist registered liquidators Read More »