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Spotware Systems has signed a technology agreement with prop trading firm FundingRock to use cTrader as the platform for FundingRock’s simulated evaluation programs. The deal integrates FundingRock’s challenges into the cTrader ecosystem and Store, amid broader shifts in the prop trading platform landscape.
ASIC has banned former ISG Financial Services director Benjamin Godfrey from providing or being involved in financial services for 10 years. The action follows findings that he failed to comply with financial services laws and is not a fit and proper person to provide financial services.
ASIC reports a sharp rise in the removal of phishing and investment scam websites and warns that artificial intelligence is intensifying online scam risks. The regulator highlights growing use of AI-powered social media ads and urges consumers to verify licences before sharing personal information.
ASIC has initiated Federal Court proceedings to seek the appointment of a receiver to review the proposed sale of Interprac Financial Planning by Sequoia Wealth Group to Conquest Investment Partners. The regulator is concerned the transaction may adversely affect Interprac creditors, including clients with AFCA complaints linked to collapsed investment funds.
