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Showing 1 - 10 of 80 results for "Forex"

UK influencers fined over promotion of unauthorised forex scheme

JAMIE WILLIAMSON  |  FRIDAY, 27 FEB 2026
A raft of former reality television stars turned influencers have been fined in the UK for spruiking an unauthorised forex trading scheme. Seven influencers were sentenced in a UK court this month after pleading guilty to charges of issuing unauthorised ...

Bell Financial expects revenues, profits to rise

ANDREW MCKEAN  |  THURSDAY, 16 JAN 2025
... diversified wealth management offering." A bidding war quickly unfolded as AxiCorp Financial Services - which specialises in forex trading and contracts for difference - stepped in to wrest SelfWealth from Bell Financial's grasp. In response, Bell Financial ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... outcome sets an important precedent for Australian-based financial services licensees providing services such as margin forex trading to overseas customers under their AFS licence where such offerings are prohibited," ASIC deputy chair Sarah Court said. ...

FX expert jumps from Insight to HSBC

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... programs and operational efficiency. He arrived there from Rochford Capital, where he ran currency overlays. Previously, the forex specialist spent 15 years at Principal Global Investors as head of passive currency and chief dealer and as head of payments ...

Second bidder enters SelfWealth takeover talks

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... SelfWealth share, one cent more than what BFG proposed on Wednesday. Global online brokerage firm AxiCorp specialises in forex trading and contracts for difference (CFDs) and is currently led by chief executive Rajesh Yohannan and chief commercial officer ...

NGS Super refreshes investment team, promotes three

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... continues to lead these teams but also assumes leadership of the liquid alternatives function. Before NGS Super, Mi traded in forex derivatives and fixed income for financial services firms based in Australia and China. As head of ESG and responsible ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... considering a class action against Trademax Australia, alleging the group encouraged investors to trade in highly risky CFD and Forex products promising high returns and engaged brokers to undertake trading strategies for clients which caused significant ...

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... AFSL of Melbourne-based over-the-counter (OTC) derivatives issuer Prospero Markets (Prospero). The penalty comes after the Forex and CFD trading platform, which services mainly Chinese-speaking clients, failed to lodge its annual financial statement ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... Services received 63 complaints for the period. A little-known firm called Best Leader Markets which operates derivatives, forex margin trading and CFDs, received 614 complaints between July and December 2022. Separately, ASIC has recently called upon ...

Advice practice valuations rise: Radar Results

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
... negative gearing currently has a market value of $20,000. Managed discretionary accounts plus a basic AFSL goes for $40,000. Forex trading plus a basic AFSL fetches $500,000 or more. There are currently two main categories of buyers: those with the capacity ...
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