Australian BitConnect Promoter John Bigatton Convicted for Unlicensed Crypto Advice
Key Insights Australian promoter of BitConnect convicted for providing unlicensed financial advice between 2017-2018. Bigatton faces a three-year good behavior…
Australian Regulator Alerts Public to NGS Crypto Rebranding Amid Probe into Alleged Misconduct
Key Insights ASIC announces NGS Crypto’s rebranding to Hiddup amid ongoing investigation Regulator investigating potential mishandling of investor funds and…
Ferratum Australia Hit with A$16 Mln Penalty over Consumer Credit Violations
Key Insights Ferratum Australia Pty Ltd has been ordered by the Federal Court to pay A$16 million in penalties for…
ASIC Cancels JB Markets’ Financial Services Licence
Key Insights ASIC has cancelled the financial services licence of JB Markets Pty Ltd effective April 12, 2024. The cancellation…
Australian Court Orders Winding Up of Forex Broker Prospero Markets
Key Insights The Federal Court of Australia has granted ASIC’s request to issue a formal wind-up order for Prospero Markets…
ASIC Appeals Dismissal of Case Against Crypto Firm Finder Wallet
Key Insights ASIC has appealed a Federal Court decision that dismissed its case against crypto firm Finder Wallet over the…
Australia Watchdog Cancels Crown Wealth Licence After Administration Filing
Key Insights ASIC has cancelled the financial services licence of Crown Wealth Group Pty Ltd The licence cancellation comes after…
ASIC Bans Panacea Capital Director Over Unlicensed $7.7 Mln Crypto Fund Scam
Key Insights Australia’s ASIC has permanently banned Brian Jacques Creigh from financial services Creigh provided misleading info in fund materials…
ASIC Seeks to Liquidate Forex Broker Prospero after Money Laundering Charges
Key Insights ASIC has applied to liquidate forex firm Prospero Markets after former executives were charged in money laundering probe…
Melbourne Securities Pays ASIC $13k Fine
Key Insights Melbourne Securities pays $13k over allegations its “green” fund invested in fossil fuel firm GE ASIC said Bloom…