Brokerage Author

Statewide Superannuation to pay $4 million penalty for misleading correspondence to members

The Federal Court has imposed combined penalties of $4 million on Statewide Superannuation Pty Ltd (Statewide) for providing members with misleading information regarding their insurance and failing to breach report the issue to ASIC in the time required by law. ASIC Deputy Chair Sarah Court said, ‘Statewide provided misleading communication to thousands of its members, …

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FxcryptoBitmining

Unauthorised firm – FxcryptoBitmining Address: 2-4 Brushfield Street, London, E16AN Telephone: +13477257174 Email: [email protected] Website: www.fxcryptobitmining.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.

cryptofxinvest1

Unauthorised firm – cryptofxinvest1 Address: HIS Buildings, Providence, Mahe, SEYCHELLES Telephone: +17084911237 Email: [email protected] Website: www.cryptofxinvest1.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.

AstroFX Investment

Unauthorised firm – AstroFX Investment Website: https://astrofxinvest.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.

FXPROINVESTRADE

Unauthorised firm – FXPROINVESTRADE Address: 20 Cooper Square, New York, NY 10003 Website: https://fxtradingcryptoinvest.com, https://fxproinvestrade.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.

Oxiag

Unauthorised firm – Oxiag Address: 62 Fenchurch Street, London, UNITED KINGDOM, EC3M 4BE Telephone: 02037694698 Email: [email protected] Website: https://oxaig.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 issues information for tax financial advisers under Better Advice Act

Today ASIC releases guidance for providers of tax (financial) advice services following the introduction of the Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Act 2021 (Better Advice Act). The Act requires, among other things, that all financial advisers who provide personal advice to retail clients about relevant financial products be registered with ASIC by …

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ASIC cancels AFS licence of United Wealth Group

ASIC has cancelled the Australian financial services (AFS) licence of Tweed Heads-based financial services provider, United Wealth Group Pty Ltd (United Wealth Group), effective 24 November 2021. ASIC found that the operation of a one size fits all advice model and the use of generic reasons to support personal advice recommendations meant United Wealth Group …

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Binacecryptofx

Unauthorised firm – Binacecryptofx Address: 1044 West 110th St App, Los Angeles, California, UNITED STATES OF AMERICA, 80054 Telephone: +13049736392 Email: [email protected] Website: https://binacecryptofx.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.