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Showing 91 - 100 of 365 results for "Australian Financial Services Licence"

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
... an auditor of Berndale about overseas bank accounts containing Berndale funds. Berndale's Australian financial services licence required it to maintain a minimum level of net tangible assets and lodge audited financial reports. ASIC alleged the relevant ...

ASIC bans Gold Coast businessman

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... Further, the regulator said Finerty carried on a financial services business without an Australian financial services licence and engaged in misleading and deceptive conduct. ASIC said between January 2020 to roughly the end of December 2021, Finerty ...

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
ASIC has suspended the Australian financial services licence of embattled crypto company FTX. FTX entered voluntary administration on November 11, and the AFSL is suspended until 15 May 2023. However, for the time being, FTX can continue to provide ...

Another ban for Sirius Financial

CHLOE WALKER  |  THURSDAY, 3 NOV 2022
... to ASIC, Sirius Financial (trading as 'Trade360') acted unconscionably and breached its Australian financial services licence obligations when it failed to address the conduct of Toyga Media (Toyga), an off-shore call centre it hired to source clients ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... general advice). Moreover, the retention of the Life Insurance Framework, retention of the Australian Financial Services Licence and support for principles-based regulation were also other areas of alignment. Meanwhile, the FSC took aim at greenwashing ...

ASIC obtains orders to freeze assets

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
... allegedly carried on a financial services business, since June 2019, without holding an Australian financial services licence. It's also been alleged that Arandez and/or these companies have obtained approximately $2.5 million from Australian investors ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
... company must be limited by shares; the sole director must be a public company that holds an Australian financial services licence (AFS) authorising operation; and the company must have at least one sub-fund to register and the sub-fund must have one ...

ASIC succeeds in application to liquidate Ascent

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
... his assets. It was suspected that Ascent had been providing financial services without an Australian financial services licence and had been operating an unregistered managed investment scheme that was required to be registered. ASIC said it sought to ...

ASIC suspends Dixon Advisory AFSL

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
ASIC has suspended the Australian financial services licence of embattled Dixon Advisory & Superannuation Services. The regulator's move follows the appointment of Stephen Graham Longley and Craig David Crosbie as joint administrators to Dixon Advisory ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... Regulations 2021 started on February 7, and required all proxy advisers to gain a new type of Australian Financial Services Licence (AFSL) and will be required to share their recommendations on a company with the company on the same day it provides that ...