ASIC has prevented five proposed ICOs from raising capital without appropriate investor protections
Some issuers have halted their ICOs to address the ASIC’s concerns
More than 3,000 customers have received compensation for losses as a result of non-compliant conduct by advisors
The new service will feature higher monetary limits and compensation caps
Australia’s regulatory sandbox to remain unchanged
The review aims to assess whether investors are getting useful information
Regulator cites online apps from unregistered firms that make misleading statements
The Australian regulator will establish a new regtech industry liaison network
The ASIC calls on the financial industry to heed the results of new academic research into effective whistleblowing.
The ASIC is making the move, which will consolidate obligations and prohibitions for licensed financial markets, to reduce regulatory red tape