Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 55 results for "Target market determination"

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
ASIC has appealed the Federal Court's decision to dismiss its proceedings against Finder Wallet. The corporate watchdog claimed that Finder Wallet provided unlicensed financial services, breached product disclosure requirements, and failed to comply ...

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
Piper Alderman is examining a second class action in relation to contracts for difference (CFD) products, this time against International Capital Markets Limited (IC Markets). The action is on behalf of retail investors who claim to have collectively ...

ASIC takes legal action against crypto exchange

ANDREW MCKEAN  |  THURSDAY, 21 SEP 2023
... Despite this warning, Bit Trade continues to offer its margin product to Australian customers without a target market determination. As part of the legal proceedings, ASIC is seeking declarations, a pecuniary penalty, and court injunctions to put a stop ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
ASIC continues to crack down on providers of contracts for difference (CFD), options and other high-risk products that flout their target market determinations (TMD), and design and distribution obligations (DDO). The newly published Report 770 Design ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
... interim stop order on a residential property fund promoted by K2 Asset Management due to issues with its target market determination (TMD). K2 Asset Management cannot distribute the Storehouse Residential Trust or any information about it after ASIC ...

Saxo APAC asset management lead exits

KARREN VERGARA  |  MONDAY, 4 SEP 2023
The head of Saxo Markets' asset management for Asia Pacific has left the company after two years. Sydney-based Manish Prasad was appointed to the role in June 2021 and has recently left the firm, Saxo confirmed. Prasad was hired at a time when Saxo ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... contravened the design and distribution obligations laws by not having in place an appropriate or adequate target market determination for CFDs - which, as noted above, are high-risk, complex and volatile," she said. She said ASIC identifies DDO as an ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... relate to the time period 5 October 2021 to 29 July 2023. eToro AUS is now operating with a revised target market determination in place for CFDs." ASIC considers that eToro's conduct is likely to have resulted in a significant number of retail clients ...

Spaceship secures $6m, plans new offering

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2023
With stop orders revoked, Spaceship is back in business and planning the launch of a new investment service, buoyed by an additional $6 million in funding. The extra cash comes from its two major shareholders, Mike Cannon-Brookes' family office ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
ASIC has lifted its interim stop order after ClearView swiftly amended the deficiencies in its Target Market Determination (TMD). The interim stop order applied to Clearview Life's ClearChoice Income Protection Cover and Accidental Income Protection ...
PAGE:
1
PREVIOUS
NEXT