Australian Securities and Investments Commission ( ASIC ) is the Australian Securities and Investments Commission, this regulatory body is Australia’s only public finance regulator exercising control over all participants in the financial markets, including companies and individuals. IC Markets is one of australia forex broker who license by ASIC with License No. 335692.
ASIC has the following responsibilities:
- Identifies transactions using insider information and fraudulent transactions in financial markets;
- Regularly conducts sudden inspections and audits of the financial condition of brokers;
- It can conduct its own investigations, as well as bring fraudsters to administrative responsibility, transfer cases to the court;
- Actively cooperates with clients of brokerage companies to identify violations;
- Applies penalties to companies;
- Cooperates with the Australian Federal police.