简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:On May 10, ASIC has canceled the Australian Financial Services (AFS) licenses of two firms, DGR Bloodstock Services Pty Ltd(DGR) and Capital Investment Partners Pty Ltd (Capital Investment Partners).
On May 10, ASIC has canceled the Australian Financial Services (AFS) licenses of two firms, DGR Bloodstock Services Pty Ltd(DGR) and Capital Investment Partners Pty Ltd (Capital Investment Partners). DGR has been in possession of AFS license no. 288153 since July 8, 2005. DGR was granted a license to offer financial product advice and trade in managed investment schemes related to horse racing for both retail and wholesale clients. However, ASIC has canceled DGR's license due to the cessation of its financial services business. According to ASIC's regulations, they are permitted to cancel an AFS license held by a corporate entity without a hearing if the entity is no longer engaged in a financial services business. DGR does have the option to challenge ASIC's decision by applying for a review with the Administrative Appeals Tribunal.
Capital Investment Partners has held AFS license no. 292416 since October 13, 2005. However, ASIC has recently canceled its license, which authorized them to offer financial product advice for wholesale clients and trade in securities and interests in managed investment schemes. The reason for the cancellation was Capital Investment Partners ceasing to carry on a financial services business. According to ASIC's regulations, they are permitted to cancel an AFS license held by a corporate entity without a hearing if the entity is no longer engaged in a financial services business. Capital Investment Partners does have the option to contest ASIC's decision by applying for a review with the Administrative Appeals Tribunal.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
INFINOX celebrates 15 years of success as a global leader in CFD and Forex trading, expanding its reach and empowering traders through innovative multi-asset platforms.
ATFX upgrades MT4/MT5 servers at Equinix Hong Kong and London, boosting low-latency trading, enhancing global network performance, and optimizing infrastructure.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.