Latest ASIC News

ASIC Sues Westpac Over Alleged Insider Trading
May 05, 2021
Shulammite Edheri
ASIC is suing Westpac for insider trading, unconscionable conduct and breaches of its Australian financial services licensee obligations.
Pomerantz law firm has filed a lawsuit against the manufacturer of ASIC, Ebang International Holdings Inc, for misrepresentation.
Australian regulator ASIC has disqualified Sunshine Coast director Michael James Maunder from managing corporations for five years.
ASIC banned the sale of “binary options” to retail investors as part of its crackdown on the $11.5 trillion OTC derivatives market.
ASIC restrictions on the retail CFDs trading comes into effect on Monday. The order limits the brokers offer to a range from 30:1 to 2:1
ASIC has banned Forex CT chief executive officer, responsible manager and sole director, Shlomo Yoshai, for ten years.
ASIC on Monday announced the cancellation of the Australian Financial Services (AFS) licence of The Australian Dealer Group (ADG).
AxiCorp has settled with ASIC after confirming that the Australian regulator has withdrawn the proposed suspension of Axi’s AFS license.
FBS is now ready to start providing Forex-related services in Australia and other regions after obtaining an AFS license from ASIC.
Forex broker USGFX accused BRI Ferrier of abusing their power after they instructed First Bank in Puerto Rico to freeze assets of USG Global.