The Australian Securities and Exchange Commission (ASIC) cancels Auric Financial Services (AFS) permission of Forex and derivatives, Auric International Markets PTY LTD (AIMS).
The cancellation is effective since August 11, 2025.
The AIMS AFS license was annulled after the company failed to submit financial statements, comply with the relevant financial services laws, and to meet the requirements of an AFS licensee.
The broker also failed to pay industry funding contributions for more than 12 months and failed to inform ASIC of changes to the company’s details, including business addresses and office holders.
ASIC may cancel or suspend an AFS license if it believes it is likely to violate its general obligations in accordance with the law, including the obligation to provide effective services, honestly and fairly.
The targets paid AFS 430091 license from December 12, 2012 to August 13, 2025.
It was authorized to continue an Australian Financial Services Company to provide advice on financial products and the treatment of financial products, including derivatives, currency contracts, confessions and mobile values to wholesale customers. Objectives operate through the www.aimsfx.com.au website.
AIMS has the right to appeal to the ASIC decision to the Administrative Court of Review.