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ALRC Commissioner and federal court judge Justice Hon. John Middleton. Australian Law Reform Commissioner and federal court judge Hon. Justice John Middleton has confirmed the ALRC will look at pulling chapter seven of the Corporations Act – which deals with financial products and services – out of the Act altogether as part of the group’s ongoing review into financial services regulation. After an ALRC webinar presentation that outlined some of the complexities within the Corporations Act, Middleton was asked by ALRC president and fellow federal judge Justice Hon. Sarah Dennington whether chapter seven might be better “as a standalone statute”. “It’s certainly something that’s on the table for consideration,” Middleton said, before adding that doing so “wasn’t an automatic cure, necessarily,” to the complexity issues that plague the Act. ....
âWolf of Wall St atmosphereâ: Forex CT fined $20m for misconduct Weâre sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement When a client of large contracts for difference seller Forex Capital Trading deposited money in their accounts they thought they were making a bet on their financial future with an upstanding financial services house that followed the rules. But a court has heard that instead, they found themselves in a boiler room that staff have described as having a Wolf of Wall Street atmosphere, referencing the famous Hollywood movie on stock fraudster Jordan Belfort. ....
‘Wolf of Wall St atmosphere’: Forex CT fined $20m for misconduct We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement When a client of large contracts for difference seller Forex Capital Trading deposited money in their accounts they thought they were making a bet on their financial future with an upstanding financial services house that followed the rules. But a court has heard that instead, they found themselves in a boiler room that staff have described as having a Wolf of Wall Street atmosphere, referencing the famous Hollywood movie on stock fraudster Jordan Belfort. ....