Broker News Archives – Page 2 of 2 – Online Brokers Australia ®

Interactive Brokers to Refund $1.5 Million in Fees & Commissions in Australia

September 15, 2016December 27, 2014 by Stuart Young

Australian customers of Interactive Brokers (NASDAQ:IBKR) will be reimbursed with the fees and commissions paid to the brokerage for retail margin loans during the period between July 2010 and August 2013. The Australian Securities and Investments Commission (ASIC) has issued an announcement outlining that Interactive Brokers is preparing to refund more than 3,000 of its …

ASIC surveillance prompts FX provider to enhance compliance procedures

September 11, 2016December 8, 2014 by Stuart Young

Following an ASIC surveillance, Calibre Investments Pty Ltd will implement changes to the way it offers FX services to retail clients. The move is part of ASIC’s crackdown on the FX industry which has resulted in a number of outcomes recently. ASIC’s surveillance of Calibre, which provides managed discretionary account (MDA) services, raised concerns over …

Last Updated: 11th September, 2016