The Australian market regulator has prohibited a financial advisor from offering financial services for 10 years, alleging that she had invested in a misleading manner of her customers in a cryptographic platform listed as a possible scam.
The Australian Securities and Investment Commission (ASIC) said On Thursday, he put Glenda Maree Rogan on a ban on a decade for allegedly transferred $ 14.8 million Australian dollars ($ 9.6 million) “invested by customers, family and friends in an investment scam-based on cryptocurrency”.
The agency said that between March 2022 and June 2023, Rogan took the funds of its customers and moved them to personal and corporate bank accounts before converting a majority into crypto and sending money to the Crypto platform financial center.
Asic a listed The financial center as a license without license to which “should not trust” and said that Rogan “would have had suspicions on the legitimacy of the financial center at least October 2022.”
Rogan customers have cheated, Asic Affirmations
ASIC said that between May 2014 and early February 2024, Rogan was an accountant, financial advisor and director of a group of companies called Fincare located in Sutherland and Wollongong, two regions south of Sydney.
The ASIC said that Rogan had told its customers that they were investing in a high -performance fixed interest account and allegedly allegedly induced customers on the nature, risks and liquidity of the investment to encourage them to invest “.
The ASIC probe is underway
The ASIC said that its 10 -year prohibition had taken vigor on June 6 and that a Rogan investigation “is still underway”.
In its reason for the ban, the agency said that it “had reason to believe that Ms. Rogan is not an adapted and appropriate person, is not competent to participate in the Australian financial services sector and is likely to counter a law on financial services”.
According to ASIC, Rogan has not been authorized or authorized to provide financial services under a license in Australian financial services since February 8, 2024.
Under the prohibition, Rogan cannot now carry out any linked service or control a company that engages in financial services. It has the right to appeal to the court of the administrative journal for an examination of the ASIC decision.
Rogan and Asic did not immediately respond to a request for comments.
Australia cuts the crypto
The National Financial Intelligence Agency of Australia also repressed Crypto, deploying new operating rules and transaction limits for Cryptographic ATM operators to help fight scams on June 3.
In relation: The decision of the Australian court could lead to $ 640 million in bitcoin tax reimbursements
In April, the Australian Transaction Reports and Analysis Center said to inactive recorded crypto exchanges to withdraw their registrations or risk having canceled them on fears that sleeping companies can be used for scams.
Austrac also took measures against 13 fundraising and trade service providers in February in February, more than 50 other people who are still the subject of a survey concerning possible compliance problems.
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