March 2020
Societe Generale Securities Australia Pty Ltd Charged with Breaching Client Money Obligations
Societe Generale Securities Australia Pty appeared in the Downing Centre Local Court in Sydney on criminal charges with breaching client money obligations.
ASIC Commences Proceedings Against CBA over the AgriAdvantage Plus Package – Royal Commission Case Study
ASIC has commenced proceedings against Commonwealth Bank of Australia (CBA) for alleged breaches for failures of their AgriAdvantage Plus Package.
ASIC Commences Proceedings Against CBA over the Credit Services Provided to Problem Gambler – Royal Commission Case Study
ASIC has commenced proceedings against CBA for alleged contraventions of the responsible lending provisions of the National Consumer CPA 2009.
ASIC Takes Steps to Ensure Equity Market Resiliency
As part of the Australian Government’s response to the novel coronavirus, ASIC has taken steps to ensure Australian equity market remain resilient.
Global Central Banks Take Additional Stimulus Measures
While the sharp upsurge was the result of aggressive fed stimulus measures and rate cut updates, USD has managed to firm up and contain its loss.
Downward Pressures Resume Despite Fed Interest Rates Cut
Asian stocks finished lower on Monday after the Fed cut the benchmark interest rate to zero and announced a massive quantitative easing program.
SEC Wins Jury Trial Against Microcap Fraudsters
Jurors returned a verdict in SEC’s favor against microcap fraudsters who made false and misleading statement to conceal unregistered sales of company stock.
Thai Stock Exchange Launches Relief Package for Its Stakeholders to Battle with COVID-19 Outbreak
SET Group launches relief package for Its stakeholders aiming to assist listed companies and custodians to cope with the business impact of COVID-19.
BCSC Settles with Abbotsford Man and His Company for Market Manipulation
British Columbia Securities Commission - BCSC has reached a settlement agreement with an Abbotsford man and his former B.C. company for market manipulation.
Global Equities on Path for Worst Weekly Decline since 2008, Wall Street Set To Rebound
The global stock market is seeing major indices and equities face its worst weekly decline since the 2008 financial crisis.
European Stocks Rebound After Global Sell-Off
European indices rebound in the early morning. The German DAX is higher at 9,461. CAC 40 is higher at 4,191, and the FTSE MIB in Milan moves up to 15,979.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.