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Showing 11 - 20 of 80 results for "Forex"

Former Courtenay House director pleads guilty

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
... appointed by the Supreme Court of NSW to wind both up. The regulator found investors believed their funds would be traded in forex and futures markets, but this was only accurate for 3%. Instead, monthly amounts paid to investors were derived from capital ...

Unlicensed forex trader extradited from Poland

CHLOE WALKER  |  FRIDAY, 19 AUG 2022
Unlicensed foreign exchange trader Daniel Farook Ali has faced the Brisbane Magistrates Court charged with eight counts of fraud, after being extradited from Poland and arrested following an ASIC investigation. The corporate regulator alleges that between ...

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
... 21 April 2017, Iervasi and the Courtenay House companies represented to investors that their funds would be traded in the Forex and Futures markets when only a small proportion of funds were traded. ASIC claims Iervasi personally, and through the Courtenay ...

Demand for niche advice firms increases

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... Results chief executive John Birt said. AFSLs with managed discretionary accounts can sell for $120,000, while those with forex capability are rare and generate a premium. After the 2012 Future of Financial Advice reforms and the Hayne Royal Commission ...

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
... regulate CFDs, ASIC banned the sole director and four former employees of retail over-the-counter (OTC) derivative issuer, Forex Capital Trading from providing financial services, for periods ranging from three to 10 years, for encouraging clients to ...

Goodments by Douugh now in Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... Douugh has aggressive expansion plans outside of the US. The company recently partnered with OFX Securities to expand its forex capabilities. "Young people realise buying property is becoming increasingly difficult, so they are turning to shares to make ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
The Federal Court has handed down a $20 million penalty to Forex Capital Trading for engaging in a system of unconscionable conduct, including the use of high-pressure sales tactics, conflicted remuneration and failing to act in the best interests of ...

Foreign exchange brokers banned

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
The corporate watchdog has banned the sole director and four employees of contracts-for-difference and FX broker Forex Capital Trading from providing financial services. Forex CT chief executive officer, responsible manager and sole director Shlomo ...

ASIC reinforces power to obtain documents

ELIZABETH MCARTHUR  |  MONDAY, 14 SEP 2020
... from the Federal Court compelling Maxi EFX to product documents in response to an ASIC notice issued to it. Maxi EFX is a forex/derivatives trader subject to an ongoing investigation into suspected contraventions of the ASIC Act 2001 and the Corporations ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... has kicked off civil penalty proceedings in the Federal Court of Australia against contracts-for-difference and FX broker Forex Capital, as well as its sole director. If found guilty of all allegations, director Shlomo Yoshai could face a maximum penalty ...