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Showing 51 - 60 of 4766 results for "ASIC"

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
Former 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 ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... how poorly Choice products they're in are performing, and that such underperformance is not being addressed. In its review, ASIC examined 29 Choice options and three legacy products - 22 in accumulation phase and seven in retirement - offered by a sample ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
ASIC is putting the pressure on financial advisers to provide appropriate SMSF advice using "professional judgment", as the regulator flags serious instances of misconduct it wants to curb. At the annual SMSF Association National Conference, ASIC senior ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... 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 unlicensed ...

AIA adds to C-suite lineup

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... championing healthier, longer, and better lives, and achieving high performance." According to recent data from APRA and ASIC, AIA is the second largest player in the group insurance sector in Australia. It has a 29.5% market share, providing life insurance ...

New chair for iExtend

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... 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 Authorised Representative ...

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... charges in March 2023, representing himself and notifying the court he wanted to enter a guilty plea as soon as possible. An ASIC investigation found that between January 2020 and June 2022 he obtained at least $440,000 from 79 clients, primarily contacting ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... stealing. He was later charged with 36 counts in total and, upon being found guilty, was sentenced to five years in prison. Now, ASIC has made two orders permanently banning him; under the Corporations Act and National Consumer Protection Act, ASIC can ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
ASIC has had its first court win in relation to cryptocurrency, with fintech Block Earner found to have offered a financial product to retail investors without a licence. However, it was a mixed outcome for the regulator, with another allegation quashed. ...

IPO Capital clients receive payments from Mayfair 101

JAMIE WILLIAMSON  |  FRIDAY, 9 FEB 2024
Close to four years on from ASIC's first action against Mayfair 101, the group has resumed interest payments to lenders in IPO Capital. Payments for the December quarter have been made in full to more than 12 lenders after waiting for the group's liquidity ...