Securities commission

Customers lost access to their own money.

On August 14, 2026, Republika Srpska's Securities Commission ordered ACX operator Adria Technology removed from its virtual currency service provider register for one year.

The commission's August 14, 2026, decision documenting failures to cooperate with inspectors and financial compliance violations exposed the gulf between the exchange's grand promises of security and the reality of its conduct.

The regulatory expulsion came after months of inaccessible accounts, desperate customer complaints, blocked company bank accounts, criminal reports, and a creditor's successful lawsuit.

On May 5, user, BigMoney77Inches reported the exact same pattern, occasional stalling emails promising a glorious return, paired with broken promises to pay out fiat currency or transfer crypto to external wallets.

When Juro physically went to ACX's Banu Luka offices to demand answers, he was initially fed empty assurances, only to return later and discover that the company had quietly vacated the premises.

By May 7, he was filing complaints with the Securities Commission.

The form record shows that only those who threatened immediate legal action or relentlessly hounded Petrovic for months stood a chance of seeing assent.

Kita ingin tahu bagaimana kesalahpannya lepas tidak akan berulang lagi walaupun ke atas musuh politik terteruk kita melalui pergumbalan dasar tetapi pergumbalan dasar itu hanya boleh dilakukan jika kita tahu apa keputusan badan siasatan tersebut.

On October 20, Prime Minister Anwar Ibrahim had announced that Attorney General Dusuki Mokhtar will head a multi-agency task force involving the MACC, Police, Bank Negara, Securities Commission, Inland Revenue Board and anti-money laundering investigators to probe the corporate mafia allegations.

Anwar also pledged to release findings from the March investigation within three months, insisting that no one will be shielded from scrutiny.

Still on the corporate mafia, several MPs also commented on the matter in the Dewan Rakyat today.

I shared this at InvestSmart a few days ago.

Oh, you were there? I was invited by the Securities Commission.

So, our friend, you know Brian

Cheng?

Brian and I was the panel and then Mr. Amartip from Securities Commission was our moderator.

And it was a very nice event.

So, in a situation like that, The people who sit down in a public venue are the ones who want to learn.

If you can get $8 billion up from investors, okay, let's go to the banks and Anyway, this whole thing collapsed just before the IPO was about to go.

And now the Securities Commission's looking at whether or not investors were given all the facts and figures about Firmus.

That's the big question mark that ASIC has to look at.

It was confirmed yesterday at a parliamentary hearing in Canberra.

things?

Why is the Securities Commission as well talking about it? These are the high priests of the financial system, not only in Malaysia but across the world, these sort of central banks.

And they are doing it because they see nature risk as financial risk.

And it's the same thing with carbon and climate.

They weren't relying on me for anything except that their licensing was through me.

I was their goal between them and the Securities Commission because we had to make sure they did things cleanly and kept themselves clean.

We actually had a point at one point where a bunch of guys had joined us from another financial planning firm and come with us.

And then they were They were doing things they shouldn't have been doing.

They said, well, no, no, no. We've got to get time to find another dealer.

And I said, well, you better start finding, because I said, I'm going to give you to the end of the month, and then you're no longer with us.

I will notify the Securities Commission that you're no longer licensed to us.

And they laughed.

Oh, wow

... which is the equivalent of the Securities Commission in any country.

They regulate anything under the non-banking, uh, sector-

Okay

Then he left to build GoBaraka, a fintech that turns donations into trackable, traceable e-vouchers.

And this year, his team became the first social exchange operator appointed by the Securities Commission.

But when it came to building his own team, the risk expert did what so many founders do.

He hired the people he trusted, friends, family, and it turned his office toxic.

I remember I had a friend of mine who was a smart guy, a sales guy, and I had a sales organisation.

I brought him in and I remember exactly that.

These 30 minute long conversations over whatever, some stupid decision making or a tiny decision... oh you're taking me back and so you said it's obviously these kinds of phone calls are like sucking your energy like they're taking you away from like just being able to do what you need to do is in grow the business scale the business acquire customers for the business partner with banks call the securities commission whomever like was it starting to this kind of individual starting to impact your work not just the relationships within the company

It didn't just affect my work, it affected the team's work as well because whenever we would, well, there was this one time, I mean, we were supposed to go for a meeting.

Can you clarify maybe the different jurisdictions for CFTC versus the SEC, because we recently saw news out of, um, out of Chairman Paul Atkins and his agency as well.

So what falls under this versus the Securities Commission? Because a lot of these tokens do look like unregistered securities.

The SEC regulates securities.

The CFTC regulates commodity derivatives and other types of adjacent transactions like margin leverage or financed, uh, commodity transactions.