Skip to Primary Navigation

Skip to main content

ASIC roundup: American Express to pay A$8m penalty, and multiple bannings

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Martina Lindberg

2 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The Australian Securities & Investments Commission’s latest actions and news, July 15 – 19, 2024.

Former directors of XTrade.AU Pty Ltd banned – July 18, 2024

Shay Zakhaim and Anthony Anderson, former directors and responsible managers of XTrade.AU Pty Ltd, have been banned from carrying on a financial services business for three and five years respectively.

The company’s AFS license was earlier cancelled after a failure

, , , , , , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience