Court Upholds Bradley Silver’s Sentence for Dishonesty Offences
The Queensland Court dismissed an appeal by Bradley Silver, former Gold Coast director against the severity of his sentence for dishonesty offences.
May 2020
DFSA Action Against Two Firms and Three Individuals Referred to Financial Markets Tribunal
DFSA has today published Decision Notices in respect of two firms (Al Masah Capital Limited and Al Masah Capital Management Limited) and three individuals.
ASIC Bans Financial Advisers
ASIC has banned financial advisers Christopher Norman Harris, Bimaljeet Sekhon and Alan Davies from providing financial services for ten years.
SET market report for April 2020
SET Index ended April at 1,301.66 points, gaining 15.6 percent from the preceding month, while the average daily trading value of SET and MAI surged.
SEC Obtains Receiver Over Florida Investment Adviser Charged With Fraud
SEC today announced that it has obtained the appointment of a receiver over Florida investment adviser to protect investors from a fraudulent scheme.
ASIC Secures Over $160 Million in Remediation for Junk Consumer Credit Insurance
ASIC announced the final tranche in over $160 million in remediation for consumers sold junk consumer credit insurance (CCI).
New S$6 Million Grant Scheme to Support Singapore FinTech Firms
MAS, SFA, AMTD Group and AMTD Foundation (collectively, AMTD) today announced the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant.
Global Equities Continued To Tank on Powell Speech, COVID-19 Resurfacing Woes
Broad-based risk aversion led by US-China tensions and Powell speech to keep major indices and equities under pressure as global equities decline.
Townsville Financial Adviser Pleads Guilty to Dishonestly Using Clients’ Money
Mr Anthony Vivian Dick, a former financial adviser based in Townsville pleaded guilty of dishonestly applying to his own use, property belonging to another.
SEC Charges Morgan Stanley Smith Barney With Providing Misleading Information to Retail Clients
SEC today announced that Morgan Stanley Smith Barney LLC (MSSB) has agreed to settle charges that it provided misleading information to retail clients.
The Head of Enforcement at FINRA was the Latest Guest on its Podcast
FINRA is the Financial Industry Regulator Authority, and it is the self-regulatory organization over the securities industry in the US.
CFTC Files Charges in $20 Million International Binary Options and Digital Asset Fraud Scheme
CFTC Charges companies with soliciting tens of millions of customers to open and fund off-exchange binary options and digital asset trading accounts.
ASIC Defers Commencement of Mortgage Broker Reforms and Design and Distribution Obligations
ASIC announced it will defer the commencement date of the mortgage broker reforms and remuneration reforms and the design and distribution obligations.
IIROC Enforcement Report Highlights Progress Made in Enhancing Investor Protection
IIROC released its annual Enforcement Report including highlights of cases prosecuted and the progress in enhancing its legal authority from coast to coast.
CFTC Orders Trader and His Firm to Pay $150,000 for Wash Sales
CFTC issued an order filing and settling charges against respondents trader, Mehran Khorrami for engaging in wash sales and non-competitive transactions.
ASIC Obtains Asset Freezing Orders Against Melbourne Property Developer Mudasir Mohammed Naseeruddin and Related Entities
ASIC has commenced civil proceedings and obtained urgent interim orders in the Federal Court against Mudasir Mohammed Naseeruddin.
SVERIGES RIKSBANK: Publication of new reference rate postponed
the test period and final publication of the reference rate are now being postponed.
Current Economic Issues
Current Economic Issues Chair Jerome H. Powell At the Peterson Institute for International Economics, Washington, D.C. (via webcast)
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.