Author Archives: ETE

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, will be supporting the European Commission’s objective to simplify and reduce the reporting burden in the financial sector. The ESMA Board of Supervisors discussed in December 2024 how to best contribute to efficient simplification and burden reduction actions, while preserving the […]

Nearly 20,000 financial promotions were withdrawn or amended in 2024 following intervention from the FCA – nearly double the amount in 2023. The regulator has highlighted concerns with cryptoasset, debt solutions, and claims management company (CMC) promotions. 9,197 CMC promotions were withdrawn in 2024. Many of these promotions were related to housing disrepair and motor […]

Vickie Anne Vella of Ropes Crossing, NSW, today appeared at the Penrith Local Court charged with dishonestly using her position as a director to gain an advantage for herself. Ms Vella was charged with two offences of using her position as a director of Midcoast Reinforcement Pty Ltd (In Liquidation), and using her position as […]

The Full Federal Court has upheld ASIC’s appeal in its case against Noumi’s former managing director and CEO Rory Macleod, finding that providing documents to ASIC pursuant to a Voluntary Disclosure Agreement does not necessarily waive any valid legal professional privilege (LPP) claim. ASIC Deputy Chair Sarah Court said, ‘Voluntary disclosure agreements have been in use […]

ASIC has made two orders permanently banning Queensland based financial adviser Lachlan John King following his conviction of fraud. The conviction related to Mr King stealing funds from the clients including family members. Under the Corporations Act and National Consumer Credit Protection Act, ASIC may permanently ban a person from providing financial services and engaging […]

On 25 February 2022, Peter James Dykes and Peter Alan Torney, former directors of previously ASX-listed Capital Mining Limited, appeared in the Perth Magistrates Court, each charged with dishonestly using their position as directors. On 8 April 2022, Mr Anthony John Dunlop, a former director of Capital Mining Limited, also appeared in the Perth Magistrates […]

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator and supervisor, welcomed 300 participants in person (and around 1000 more connected online) to its key conference in Paris. During a successful day we heard keynote speeches from Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union, Jacques de […]

The FCA has today written to people who complained about the way the FCA handled the Blackmore Bonds case. Blackmore Bond PLC (Blackmore) was an unregulated firm that raised funds by issuing mini-bonds. Two regulated firms, NCM Fund Services (NCM) and Northern Provident Investments (NPI), approved the financial promotions for the mini-bonds. The FCA conducted […]

Mark Barnes of Sutherland, NSW, appeared at the Downing Centre Local Court on 4 February 2025 charged with two offences of dishonestly obtaining a financial advantage by deception and one offence of attempting to dishonestly obtain a financial advantage by deception. As a result of an ASIC investigation, it is alleged that between about 28 […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published the results of the survey conducted last October on legal entities identifiers. The survey gathered evidence on the impacts of including alternatives for reporting, disclosure or record keeping requirements. The results show: strong engagement of the industry on the […]