The Trade360 firm broke its license commitments.
Two OTC derivatives operator executives were also banned by the commission.
The over-the-counter (OTC) derivatives provider Sirius Financial Markets Pty Ltd, which conducts business under the name Trade360, has surrendered its Australian Financial Services license, according to a statement released by the Australian Securities and Investments Commission (ASIC) on Thursday.
The corporation will stop providing financial services starting on July 29, 2022, and is currently winding down its retail and wholesale activities from Australia.
It happened following a regulatory examination against the OTC derivatives provider, which turned up a number of licensing violations.
Ban on Executives