Category: News

Castle and Crystal Credit Union Limited was placed into administration on 21 May 2024 and has now stopped trading. James Sleight and Peter Hart of PKF Littlejohn Advisory have been appointed as Joint Administrators. Castle and Crystal Credit Union is a financial co-operative owned by its members. It is regulated by the Prudential Regulation Authority...

LPI (Australia) Holdings Pty Limited (LPI Australia) has lodged its financial report for the year ended 31 December 2023 with restated FY22 comparative figures. This follows a review by ASIC as part of its proactive surveillance program to improve financial reporting quality. LPI Australia is a large proprietary company, which is required to prepare and...

I am pleased to appear before the Committee today and to provide this short opening statement. My name is Joseph Longo and I am the Chair of ASIC. I am joined by Executive Director of Markets, Calissa Aldridge and our Digital and Legal Transformation Lead, Graham Jefferson. ASIC is supportive of the safe and responsible...

Highlights We are committed to making sure that regulation supports the UK’s position in global wholesale markets as well as facilitating the UK’s economic growth and international competitiveness. Our outcomes based approach will continue to support innovation, helping our markets remain efficient. We welcome views and engagement on our reform agenda and the way we...

Some home loan lenders have made accessing financial assistance so difficult that more than one in three (35%) Australians dropped out of the application process at least once, according to a new ASIC report. The report, Hardship, hard to get help: Lenders fall short in financial hardship support (REP 783) outlines findings from ASIC’s review...

Following a hearing at Southwark Crown Court, Guy Flintham, 46, was today sentenced to 6 years for fraud. On 19 February 2024, Mr Flintham pleaded guilty to fraud by false representation, following a prosecution brought by the FCA. Between January 2016 and November 2021, Mr Flintham, based in Blackburn, Lancashire, defrauded more than 240 investors...

John Louis Anthony Bigatton of Carss Park, New South Wales, has pleaded guilty to one criminal charge relating to his role as national promoter of BitConnect. Mr Bigatton appeared before the Sydney District Court on 16 May 2024 and pleaded guilty to providing unlicensed financial services on behalf of another person contrary to section 911B(1)...

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor is publishing today the Statistics on Securities and Markets (ESSM) Report, with the objective of increasing access to data of public interest. The report provides details about how securities markets in the European Economic Area (EEA30) were organised in 2022, including...

The FCA has brought charges against nine individuals in relation to an unauthorised foreign exchange trading scheme promoted on social media. Emmanuel Nwanze has been charged with running an unauthorised investment scheme and issuing unauthorised financial promotions. The FCA alleges that, between 19 May 2018 and 13 April 2021, Mr Nwanze and Holly Thompson used...

I want you to ask yourself one question: do you want to be seen as a wolf or a deer? Perhaps you have more affinity with a wolf? And perhaps – rightly– some sympathy because wolves have had a raw deal, always cast as the villains in folklore and culture from Little Red Riding Hood...