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Showing 91 - 100 of 935 results for "AFSL"

ASIC issues warning over BTG Technology

ELIZA BAVIN  |  MONDAY, 28 JUL 2025
... products offered by BTG Technology Holdings Limited and its related entities (Bitget). ASIC said Bitget does not hold an AFSL, meaning it is not permitted to promote or encourage Australian investors to invest in its financial products. "Australians ...

FSC explores if adviser licensing framework remains 'fit for purpose'

MATTHEW WAI  |  MONDAY, 28 JUL 2025
... industry participants, the FSC said. The paper found that since the establishment of Australian Financial Services licence (AFSL) in 2001, it has "fostered trust and safeguarded the interests of Australians seeking financial advice." However, in light ...

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... crypto assets that are financial products. These include the requirement to hold an Australian financial services licence (AFSL) or appropriate authorisation by an AFSL holder," ASIC said. "Entities providing services in relation to crypto-related products ...

Picture Wealth named fastest-growing planner: report

MICHELLE BALTAZAR  |  THURSDAY, 24 JUL 2025
A financial planning group that began life as a fintech start-up is enjoying a rapid growth phase. Picture Wealth Advisory leads the top 10 AFSLs with the highest number of new advisers in the year to June, based on a new financial adviser report released ...

One third of advisers use 'Big 3' platforms: Rainmaker

KARREN VERGARA  |  THURSDAY, 24 JUL 2025
FirstChoice, BT Panorama and Insignia Financial's Expand are the most widely used platforms among financial advisers, according to Rainmaker Information, which shows that one third of the industry rely on the 'Big 3'. Colonial First States ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... advice and financial services. Further, the business website falsely claimed the relevant company representatives held an AFSL. ASIC's investigation in October 2020 alleged that Beresford established Maxwell Financial Services in 2019 and offered ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... investigated and confirmed not to have led to any client loss," he said. Overall, ASIC alleges the advice firm did not meet its AFSL obligations as it failed to have adequate policies, frameworks, systems and controls in place to deal with cybersecurity ...

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
... offence, and said it considered the licensees' response in deciding its enforcement approach. Smart Financial Capital is the AFSL of Smart Financial, which has offices in Warilla and Nowra in New South Wales. According to ASIC, the financial product ...

James Mawhinney contravened law: Federal Court

KARREN VERGARA  |  FRIDAY, 11 JUL 2025
... another one of his companies, IPO Capital, carried on a financial services business from 2016 to December 2017 without an AFSL. Ultimately, Mawhinney was associated with or involved in the above contraventions, Judge Button said. However, the court did ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... corporate authorised representative of Crown Wealth Group until last year when its Australian financial services licence (AFSL) was cancelled after the group was placed into voluntary administration. The reportable situations regime requires licensees ...