ASIC Imposes Ban on Former XTrade Directors for Regulatory Violations

Thursday, 18 July 2024, 04:56

The Australian Securities and Investments Commission (ASIC) has taken significant regulatory action by banning Mr. Shay Zakhaim and Mr. Anthony Anderson, former directors of XTrade.AU Pty Ltd. The ban stemmed from violations related to FX and CFD trading practices. This move highlights ASIC's commitment to enforcing compliance and maintaining integrity in the financial industry.

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ASIC Takes Firm Action

The Australian Securities and Investments Commission (ASIC) has imposed a ban on former directors of XTrade.AU Pty Ltd, Mr. Shay Zakhaim and Mr. Anthony Anderson, for regulatory violations.

Regulatory Violations

ASIC has banned Mr. Shay Zakhaim and Mr. Anthony Anderson, emphasizing the importance of compliance in the FX and CFD trading sector.

The ban serves as a cautionary tale for industry professionals, underscoring the consequences of non-compliance and the necessity of regulatory adherence.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.