This Month
FX firm Convera says bullying claim ‘vague, misdirected’
Convera argued the allegations reflected ‘grievances on the part of the applicant that are variously vague, misdirected and irrelevant’.
- Lucas Baird
Stake lobs bid for rival Selfwealth at 17.5¢ per share
Australia’s crowded online retail trading market is set for a shakeup.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Record ASIC fine won’t derail Openmarkets’ Nasdaq dream: CEO
Dan Jowett says the Sydney-based company is still powering towards a listing despite a $5.2 million loss.
- Lucas Baird
- Opinion
- Hedge funds
The world’s largest hedge funds see opportunities in Australia
Multi-manager hedge funds are eating the industry. Now, they’re ready to have another crack here in their insatiable hunt for talent and for markets to exploit.
- Jonathan Shapiro
August
ASIC sues eToro for selling ‘volatile’ CFDs to retail investors
The watchdog says the online investment platform marketed contracts for difference products to unsuitable investors, leading to almost 20,000 customers losing money.
- Lucy Dean
July
End of the road for Six Park as robo-adviser decides to call it quits
The investment platform was launched in 2016 and offered do-it-yourself access to 10 portfolios. On Friday, the company said it was unable to scale as needed.
- Lucy Dean
ASX Wolf, now RG146 certified, plots his return
Without a financial services licence, Tyson Scholz’s RG146 qualification isn’t worth the paper it (probably isn’t) printed on.
- Myriam Robin
Mystery trader in Openmarkets’ record-setting ASIC fine revealed
Sydney-based trader, Philip Tauberman, is the mystery “client” at the centre of a record $4.5 million penalty handed down by ASIC’s markets disciplinary panel to Openmarkets.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Cboe’s high-tech strategy to break ASX monopoly
CEO Emma Quinn has overseen a massive technology overhaul of the alternative stock exchange and is looking at future opportunities.
- Tom Richardson
Ex-Perpetual, MLC boss appointed to chair neo-broker Stake
Geoff Lloyd’s appointment comes as online stockbrokers shore up their corporate governance amid increasing regulatory scrutiny.
- Aleks Vickovich
May
ASX chief tells stockbrokers new CHESS will put ‘safety’ over speed
ASX maintains it will decide on the new technology solution for CHESS by the end of the year, and brokers will get plenty of time to develop for it.
- James Eyers
ASX considers abandoning blockchain for CHESS replacement
An out-of-the-box solution from a technology provider to global equities exchanges is shaping as the most likely outcome for the new settlement system.
- James Eyers
HotCopper pump and dumper gets prison, but released under bond
A user of the stock forum who pumped up then sold penny stocks has become the first person sentenced under market manipulation provisions.
- Max Mason
Superhero to launch adviser platform
The online share trading company considered Australia’s answer to Robinhood says its investors are now ready to level up.
- Lucy Dean
April
Industry needs to lure back Robinhood generation: Morningstar CEO
Kunal Kapoor, the boss of the global research house, said Morningstar data shows many young investors have been “turned off” by the inflation-fuelled correction.
- Aleks Vickovich
Strong showing for Shaw and Partners’ charity trading day
The March 30 event – known as the Shaw and Partners Institutional Foundation Day – is in its eighth year and raised $265,532 this year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
Battle of the trust funds to heat up if Perrottet wins
The proposed “kids future fund” would compete with a range of other children’s savings accounts on the market.
- Lucy Dean
Aussie retail investor army circles US banking chaos
Australian investors have gone on a buying spree, with trades in US banks up 932 per cent on one trading platform.
- Lucy Dean
Local crypto traders frustrated after Silvergate collapse
The crypto-focused financial institution faces regulatory queries over whether its network facilitated FTX customer transfers into Alameda Research accounts.
- Jessica Sier
- Exclusive
- Cryptocurrencies
Crypto, shares ‘one-stop shops’ emerge despite ASIC warning
Investment platform Syfe this week added more than 2000 Australian-listed stocks and funds to its platform, which already offered cryptocurrency trading.
- Updated
- Aleks Vickovich
