ASIC has banned John Carlton Martin, a director and former responsible manager of Union Standard International Group Pty Ltd (Union Standard) (in liquidation), from providing financial services for 10 years. ASIC has also disqualified Mr Martin from managing corporations for five years.
ASIC found Mr Martins lack of understanding or regard for compliance was so serious it justified the making of significant banning and disqualification orders.
Banned from providing financial services
Union Standard was a retail over-the-counter (OTC) derivatives issuer offering clients opportunities to trade in contracts-for-difference (CFDs). Union Standard and its former corporate authorised representatives, Maxi EFX Global AU Pty Ltd (also known …
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