Author Archives: ETE

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 Board of Supervisors of the European Securities and Markets Authority (ESMA) has reappointed Vojtěch Belling as its Vice Chair. Mr Belling, who is the Executive Director of the Financial Market Regulation and International Cooperation Department of the Czech National Bank (CNB), will serve a further two-and-a-half-year term effective immediately. He was originally appointed to […]

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 […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, will host an online event on 22 May, 10:00-11:00, Paris time, focused on the launch of its Position Paper on the effectiveness of capital markets in the European Union. Registrations are now open. The event is public and will highlight ESMA’s […]

ASIC has restricted XTC Lithium Limited (XTC), My Rewards International Limited (MRI) and Range International Limited (RAN) from issuing a reduced-content prospectus for 12 months after they failed to lodge financial and other reports in line with their obligations. ASIC’s determinations mean that XTC, MRI and RAN will not be able to rely on the […]

Acknowledgment of Country & Introduction Good morning, everyone. Thank you for the invitation to speak here today. Before I begin, I’d like to acknowledge the Gadigal people of the Eora Nation, the Traditional Owners and Custodians of the land from which I am making this address today – Sydney. I pay my respects to their […]

Kristofer McGuire, Keith Williamson and Karla Walker have been charged with multiple offences, including fraud by false representation and fraudulent trading, after they targeted victims by persuading them to invest in contracts for difference (CFDs). CFDs are a high-risk investment product used to bet on the price of an asset. Many victims of the alleged […]

ASIC welcomes the Government’s action to progress implementation of rules for competition in clearing and settlement. Earlier this week, the Assistant Treasurer made the Corporations and Competition (CS Services) Instrument 2024 (Instrument), which empowers ASIC to make rules on clearing and settlement (CS) services relating to cash equities. ASIC is committed to using its new […]