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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
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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

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