Australia: ASIC investigation into online investment trading platforms
Progress
Current status
in force
19 Aug 2024 in force
Scope
Implementers
Australia
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued ASIC ruling following investigation into investment scam websites
On 19 August 2024, the Australian Securities and Investments Commission (ASIC) announced the takedown of over 7'300 phishing and investment scam websites in order to protect consumers from financial fraud. The action, part of the government's Fighti…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body