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Showing 1 - 10 of 1183 results for "Licence"

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
... Mullaly said: "ASIC pursued this matter because we considered that this product was being offered without the appropriate licence or authorisation and therefore without the benefit of important consumer protections." Justice Markovic concluded that "ASIC ...

InvestSMART launches investing platform

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... build long-term wealth." "The ability to white label InvestSMART's professionally managed portfolios and sing a long-term licence for the sophisticated technology allows us to empower more Australians to build wealth with confidence, regardless of their ...

Islamic Bank hands back licence

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
The banking startup, owned in part by Hejaz Financial Services, surrendered its restricted licence to APRA last week. Since July 2022, Islamic Bank held a licence to operate a restricted authorised deposit-taking institution (RADI). This "allows an ...

Melbourne advice firm joins Count

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
Tailored Lifetime Solutions is the latest firm to join Count's national advice community, switching from AMP Financial Planning. Tailored Lifetime Solutions, previously licenced by AMP, comprises a team of five financial advisers who have been supporting ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... ASIC has applied to the Federal Court to wind up Prospero Markets "on just and equitable grounds", shortly after its AFS Licence was suspended in December 2023 for failing to lodge its 2023 audited financial accounts. Investors have contacted ASIC concerned ...

'ASX Wolf' Tyson Scholz bankrupt in ASIC crackdown

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... 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
... 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 and ...

Canna Campbell slapped with $114k legal bill

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... to the Court determining that the respondents were entitled to use the trademark for $60,000 without Ms Korolak 's licence." "As a licensed financial planner and member of Financial Advice Association Australia (FAAA), Ms Campbell is bound by a Code ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... allegedly deceived people he knew into handing over $100 million to invest in companies he owned without a financial services licence. ASIC commenced proceedings in the Federal Court on Wednesday, alleging David Paul Hodgson of the Sunshine Coast provided ...

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... previous employers include Silverstone Proprietary Trading, ACY Securities, AxiTrader and City Index. Despite not having a licence to provide financial product advice, Sandiford told prospective investors that they could invest it in either a 'hedge ...
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