Australian Securities and Investments Commission
Request For Access To Two Documents Referred To In Paragraph [50] Of The Decision Of Sweeney J In R V Iervasi (sentence) [2024] NSWSC 1116: 50 In December 2014 The Offender Received A Letter From…
Show full title
Request For Access To Two Documents Referred To In Paragraph [50] Of The Decision Of Sweeney J In R V Iervasi (sentence) [2024] NSWSC 1116: 50 In December 2014 The Offender Received A Letter From ASIC Advising Him Of Its Concern That Courtenay Trading Was Carrying On A Financial Services Business Without Holding A Licence. In March 2015 ASIC Sent A Second Letter To The Offender About The Same Issue.
Summary
AI-generatedWritten by Claude Haiku 4.5 from the extracted text on 27 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.
ASIC's March 2015 letter to Tony Iervasi concerns Courtenay House Capital Trading Group's unlicensed operation of a foreign exchange trading business. Based on website advertisements claiming to provide consistent monthly returns and facilitate forex and futures trading, ASIC identified potential contraventions of section 911A of the Corporations Act 2001, which requires entities providing financial services to hold an Australian Financial Services Licence (AFSL). ASIC's database search confirmed Iervasi held no AFSL and was not an authorised representative. The letter follows an initial December 2014 warning and sets out the legislative framework establishing that foreign exchange contracts constitute financial products and that providing advice or dealing in such products without licensure constitutes an offence. The disclosure does not indicate enforcement outcomes or penalties at this stage.
Document text
10,003 characters extracted from 3 pages
The document text opens on its own page.