Wholesale licensee Lanterne Fund Services Pty Ltd (Lanterne) has been ordered to pay a $1.25 million penalty by the Federal Court after it failed to comply with six of the general obligations of Australian financial services (AFS) licence holders. In proceedings brought by ASIC, the Court found Lanterne breached its AFS licence obligations between March...
Author: EMA Investments
Federal Court winds up retail OTC derivative issuer Prospero Markets Pty Ltd
The Federal Court has ordered that Prospero Markets Pty Ltd (Prospero) be wound up on just and equitable grounds and that liquidators be appointed following an application by ASIC. ASIC applied for these orders because it holds a broad range of concerns regarding the management of Prospero’s business, including in relation to compliance with its...
The ESAs launch first recruitments to set up DORA joint oversight team
The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published three vacancy notices in the context of the Digital Operational Resilience Act (DORA). This announcement comes as part of the establishment of a fully integrated team within the 3 ESAs (joint oversight team) to carry out the oversight of critical third-party providers (CTPPs)...
New way of paying for investment research proposed by the financial regulator
Analysis by the FCA shows that asset managers are largely getting the research they need under the current rules. However, the current options available to UK asset managers can be operationally complex and may, in some instances, favour larger asset managers. The current rules can also restrict UK asset managers’ ability to buy investment research...
Improving picture for personal finances, but many still struggling
The regulator found 7.4m people were struggling to pay bills and credit repayments in January 2024, down from 10.9m in January 2023. This is still higher than the 5.8m recorded in February 2020, before the cost of living squeeze began. As the FCA confirms stronger protections for borrowers, the regulator is reminding those in financial...
AAT reinstates Cameron Lindsay Duncan’s liquidator registration with conditions
Following an application to the Administrative Appeals Tribunal (AAT) for review of a liquidator’s Disciplinary Committee’s decision, the AAT has decided that Cameron Lindsay Duncan’s liquidator registration should be reinstated, subject to conditions, for such time as he remains a non-resident of Australia. Mr Duncan applied to the AAT for a review of the Committee’s...
ASIC appeals Finder Wallet decision
ASIC has appealed the Federal Court’s decision to dismiss ASIC’s proceedings against Finder Wallet Pty Ltd for allegedly providing unlicensed financial services, breaching product disclosure requirements and failing to comply with design and distribution obligations in relation to its crypto-asset related product ‘Finder Earn’. ASIC had alleged that the Finder Earn product was a debenture....
ALLIANCEINVESTMENTS / ALLIANCE-INVESTMENTS.LTD
Name: ALLIANCEINVESTMENTS / ALLIANCE-INVESTMENTS.LTD Address: Portman Square, London, UNITED KINGDOM, W1H 6HN Telephone: 07868728587 Email: [email protected] Website: www.alliance-investments.ltd Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so...
Ande Finance / andefinance.pro
Name: Ande Finance / andefinance.pro Email: [email protected] Website: https://andefinance.pro/ Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.
Unlimited Stock Trade
Name: Unlimited Stock Trade Address: 716 Witney Way, Boldon Business Park, Boldon Colliery, UNITED KINGDOM, NE35 9PE Email: [email protected] Website: www.unlimitedstocktrade.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business...
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