ASIC has commenced civil penalty proceedings in the Federal Court against Adam Blumenthal alleging market rigging and breaches of his duties as a director of two companies, EverBlu Capital Pty Ltd (EverBlu) and Creso Pharma Limited (now known as Melodiol Global Health Limited)(Creso). ASIC has also accepted a court enforceable undertaking from Mr Blumenthal to...
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ASIC industry funding: Release of 2022-23 annual dashboard and summary of variances
ASIC today published its annual dashboard of regulatory costs for 2022-23 by activity for each sector and subsector under the industry funding model (IFM). This is a requirement under s138 of the Australian Securities and Investments Commission Act 2001. These costs, calculated at the end of each financial year, are based on the actual effort...
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Debt Wipeout business operator found unfit to stand trial
Debt Wipeout founder David Murphy has been found unfit to stand trial and unlikely to become fit in the next 12 months, following a fitness hearing in the NSW District Court. On 26 April 2022, Mr Murphy was charged with four counts of engaging in dishonest conduct while carrying on a financial services business and...
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ESMA offers recommendations on digitalisation of retail investment services
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today a discussion paper on the digitalisation of retail investment services and related investor protection considerations. ESMA is seeking stakeholders input by 14 March 2024 on recommendations regarding online disclosures, digital tools, and marketing practices. In the Discussion Paper...
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ASIC and APRA issue joint letter on premium increases in life insurance
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have issued a joint letter to life insurers and friendly societies (life companies) about life insurance industry practices in relation to premium increases. The letter outlines ASIC and APRA’s observations from a joint review of life companies’ past practices, following concerns...
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Former insurance broker Cesar Cutro permanently banned
ASIC has permanently banned former NSW-based insurance broker Cesar Cutro from providing any financial services. Mr Cutro has also been banned from controlling, whether alone or in concert with one or more other entities, an entity that carries on a financial services business, and performing any function involved in the carrying on of a financial...
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ASIC releases November 2023 financial adviser exam results
ASIC today released the exam results from the 23rd Financial Advisers Exam cycle held in November 2023. The exam, conducted by the Australian Council for Educational Research (ACER) since inception, follows a rigorous process to ensure all candidates in each cycle are tested to the same standards. In the November exam cycle: 219 people sat...
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Crypto Global Management Ltd. – https://www.cryptoglobalmanagement.com/
Name: Crypto Global Management Ltd. – https://www.cryptoglobalmanagement.com/ Address: 10 Queen Street Place, London, UNITED KINGDOM, EC4R 1AG Telephone: 02072052621 Email: [email protected] Website: https://www.cryptoglobalmanagement.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...
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TRADE INSTANTFX
Name: TRADE INSTANTFX Address: 88 Wood Street, London, EC2V 7QR Mobile: 07462239627 Email: [email protected] Website: https://tradeinstantfx.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 or individual, so the information...
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FORTRESSFXCAPITAL
Name: FORTRESSFXCAPITAL Address: Sandringham Road, Leyton, London Email: [email protected] Website: https://fortressfxcapital.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 or individual, so the information looks genuine.
Civil rights law practice area legal advice is the application of abstract principles of law to the concrete facts of the client’s case.