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Showing 1 - 10 of 778 results for "Australian Financial Services"

'ASX Wolf' Tyson Scholz bankrupt in ASIC crackdown

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... barred Scholz from operating fee-based online trading groups, sharing trading advice without an Australian Financial Services Licence, and carrying on any financial services business in Australia as per the Corporations Act. He was ordered to pay $456,296.64 ...

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... until at least 8 April 2024 to do so. "They have 'at least' until 8 April 2024 because the Australian Financial Services Licence (AFSL) held by Dixon Advisory was cancelled by ASIC on 5 April 2023," Mackay Chapman executive counsel Matthew Kennedy ...

Penta Capital fined for fabricated FUM

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... investigate and file civil penalty proceedings," ASIC said. ASIC clarified that Penta Capital "is not an Australian financial services licensee or authorised representative". Its associated entities Penta Asset Management and SEQ Asset Management were ...

ASIC freezes out former Magnolia Capital director

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... dollar. The corporate regulator determined that Atkins, previously an authorised representative of Australian financial services licensee Guildfords Fund Management, failed to act in good faith as a director by putting investor funds at risk. ASIC said ...

ASIC strips institutional broker's AFSL

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
ASIC has suspended JB Markets' Australian financial services licence (AFSL), restricting the firm to only terminating existing client arrangements. The corporate regulator revoked JB Markets' AFSL due to non-compliance with financial requirements and ...

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... Act. "Failure to lodge audited financial statements may result in cancellation of a licensee's Australian financial services (AFS) licence," it said. The ultimate penalty for each failure to lodge a profit and loss statement and balance sheet, as ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
The government plans to mandate that crypto exchanges adhere to Australian financial services laws, requiring digital asset platform operators to obtain an AFSL. Treasury's Regulating digital asset platforms' consultation, released today, mandates that ...

Betashares carves slice of superannuation pie

CHLOE WALKER, JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... the next decade, we have a vision for the firm to continue developing into a leading, independent Australian financial services business." Rainmaker Information executive director, research Alex Dunnin said the move by Betashares is great news for consumers. ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... derivative issuers to comply with the design and distribution obligations. There are currently over 60 Australian financial services licensees that offer complex, high-risk OTC derivatives to retail clients in the form of CFDs, crypto derivatives, options ...

Natixis IM eyes expansion with new retail AFSL

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
Natixis Investment Managers has expanded its Australian Financial Services Licence (AFSL) to target retail clients, affording broader access to strategies from its collective of global investment managers. Natixis IM country head of Australia and New ...
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