Financial Conduct Authority

EverFX Ordered by FCA to Stop Offering CFDs…

The Financial Conduct Authority (FCA) has ordered the company named ICC Intercertus Capital Ltd., from offering CFD products to its customers in the UK. It is a Cyprus-based company that operates under the name of…

Ollie Roswell

ASIC Consults on Updates to ePayments Code

The Australian Securities and Investments Commission (ASIC) has released a consultation paper for updates to the repayments Code that are being proposed by them. Many of the companies licensed by the ASIC are already aware…

Ollie Roswell

ASIC Makes Macquarie Securities Pay $126,000 Penalty on…

The Australian Securities and Investment Commission (ASIC) has announced that Macquarie Securities (Australia) Limited (‘MSAL’) has paid a penalty of $126,000 to comply with an infringement notice served upon it by the Markets Disciplinary panel.…

ASIC Initiates Court Proceedings Against PR Capital Funds…

The Australian Securities and Investments Commission (ASIC), has initiated proceedings in the Federal Court in Brisbane against PE Capital Funds Management Ltd for misconduct in the operation of managed investment schemes. the ASIC had initiated…

Bank of Russia

OFAS Russia Pulls Up Google and eToro for…

The Moscow OFAS Russia, which is the Federal AntiMonopoly service in Russia, has ruled that eToro and Google ads have violated the legislation of the Russian federation on advertising and have pulled up both companies…

Binary options

ASIC Bans Binary Options Following New CFD Restrictions

ASIC has banned the offering of binary options to retail clients with effect from Monday 3 May 2021. The decision was announced days after the new CFD trading rules taking effect on May 29, 2021. ASIC…

ASIC

ASIC Charges CBA for Wrongfully Charged Fees, Again

The Australian Securities and Investment Commission is bringing the Commonwealth Bank of Australia (CBA) to Court, alleging the bank charged monthly access fees to customers when it was not entitled to do so. ASIC estimates…