Mark Bringans

Mark Bringans is a financial industry professional who has held several high-profile positions, including CEO at Boston Merchant Financial (BMFN).2 His career has been marked by both accomplishments and controversies:

Professional Background

• Current Role: CEO at Boston Merchant Financial (BMFN)2
• Previous Position: Executive Director at BMFN Prime, a forex liquidity provider launched by BMFN3

Regulatory Issues

In November 2022, Mark Bringans faced significant regulatory action:

• The Australian Securities and Investments Commission (ASIC) banned him for eight years1
• This ban followed an investigation into Sirius Financial Markets Pty Ltd, where Bringans was the former responsible manager1
• ASIC found that Bringans was not adequately trained or competent, and not fit to provide financial services1
• He was described as a "disinterested, disengaged responsible manager" by ASIC1

Legal Proceedings

• Bringans applied to the Administrative Appeals Tribunal (AAT) for a review of ASIC's decision1
• His application for a stay of the banning order was refused by the AAT1

Industry Impact

The case involving Bringans is part of a broader crackdown by ASIC on over-the-counter derivatives providers, which has resulted in significant penalties for various companies in the industry.1

It's important to note that while Bringans has faced these regulatory challenges, he has continued to hold prominent positions in the financial industry. His LinkedIn username is reported to be "briggo", though this information should be verified independently.