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Showing 1 - 10 of 259 results for "enforceable undertaking"

Adviser numbers plateau

KARREN VERGARA  |  THURSDAY, 18 APR 2024
... disciplinary action, and adviser status. The disciplinary actions break down into AFS banned/disqualification, enforceable undertaking, disqualified person, credit banned/disqualification, Financial Services Credit Panel (FSCP) action, and SMSF auditor ...

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... financial adviser Shivdeep Jaidka is under ASIC scrutiny; the corporate regulator has accepted a court-enforceable undertaking from him. After reviewing the financial services provided by Jaidka, ASIC found he failed to adhere to s961B and s961G of the ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... SMSFs and lend those funds to two companies where he was a director. Today, ASIC said it accepted a court-enforceable undertaking from former financial adviser Shivdeep Jaidka after he failed to provide appropriate SMSF advice. Jaidka most recently was ...

New chair for iExtend

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... start-up. The appointment comes as iExtend is in the throes of applying for an AFSL; in November it entered an enforceable undertaking with ASIC after it was found to be operating without one. For the time being, iExtend is operating under a Corporate ...

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... management, insurance broking or dealing in financial products. Last November, the firm accepted a court enforceable undertaking from ASIC after the regulator found that the life insurance start-up was operating without a licence. iExtend partners with ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... account; maintenance of records; and management of conflicts of interest. ASIC has already accepted a court enforceable undertaking from Blumenthal and EverBlue. This means that he will not be involved in financial services for five years and will undertake ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
ASIC has accepted a court enforceable undertaking from iExtend Holdings Company (iExtend) after investigating concerns that it was operating without an AFSL. The undertaking also relates to iExi Pty Ltd, which trades as iExtend. Documents show the investigation ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
Perth Mint has entered an enforceable undertaking (EU) with AUSTRAC to improve compliance with Australia's anti-money laundering and counter-terrorism financing (AML/CTF) laws. In August, the financial crimes regulator ordered the appointment of ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... interest rate of 7.6% per annum from the time they invested. Additionally, the regulator has accepted a court enforceable undertaking from Bobbob and its sole director Byron Goldberg regarding the representations. The undertakings include that Bobbob ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... with Openmarkets, which recently copped a $4.5 million penalty from ASIC and was forced to undergo an enforceable undertaking. At one point, Selfwealth was rumoured to be looking to acquire Openmarkets. However, in April, Selfwealth moved to FNZ Custodians ...
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