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Showing 111 - 120 of 935 results for "AFSL"

ASIC bans unlicensed WA adviser

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
... Kendrick had not been licensed or authorised to provide financial services under an Australian financial services licence (AFSL) since 30 September 2022 but had been active in the industry since 2004. Kendrick was an authorised representative of Great ...

ASIC loses Block Earner case

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
The Federal Court has vindicated Block Earner by overturning a decision that it needed an AFSL to offer its Earner product and dismissing ASIC's appeal to impose penalties on the digital asset platform. Justices O'Callaghan, Abraham and Button ...

ASIC asks for input on reportable situations, IDR dashboards

JAMIE WILLIAMSON  |  THURSDAY, 10 APR 2025
... dashboard would publish all IDR data submissions, including reports of no complaints in a period. Firms would be named and their AFSL number published alongside them, but individual licensees' names and AFSL numbers would not. The reportable situations ...

AIOFP partners with fintech firm to offer white-labelled digital advice

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... has partnered with fintech firm moneyGPS, which will provide its digital advice platform to the advice association's 120 AFSL members and 5000 financial advisers. Through the partnership, AIOFP members will be able to offer digital or hybrid advice services ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... banned from working in the industry for 10 years. ASIC has since made interim stop orders and cancelled UGC's AFS Licence (AFSL). In cancelling UGC's licence, ASIC required it to remain a member of AFCA until at least May 31. The Federal Court ...

iExtend appoints chief operating officer

ELIZA BAVIN  |  WEDNESDAY, 2 APR 2025
... David Sarkis said Hull joins the iExtend team at a crucial time in the business' growth trajectory. "Since iExtend gained its AFSL last year, iExtend has further cemented its place in the financial services industry as a provider of choice to life insurance ...

AIOFP and IFPA enter 'strategic alliance'

ELIZA BAVIN  |  FRIDAY, 14 MAR 2025
... accounting, bookkeeping, financial advice, and superannuation. AIOFP represents around 5000 financial advisers operating under 120 AFSL practice members. Despite servicing different professional needs, the two organisations said their commercial and ...

'Incompetent' adviser permanently banned by ASIC

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
... an entity that carries a financial services business. Surtenich was the director and responsible manager of AFS Licensee (AFSL) Suetonius Wealth Management between 28 July 2020 and 14 December 2020, where he recommended to at least 18 clients that they ...

ASIC bans adviser jailed for supplying drugs

MATTHEW WAI  |  FRIDAY, 7 MAR 2025
... responsible manager of HJ Shortland & Co Wealth Management (HJS) in Alice Springs. HJS had an Australian financial service licence (AFSL) since 2008 until it ceased trading due to Shortland's imprisonment, and its AFSL was suspended in 2022 and then ...

ASIC bans Brisbane-based financial services director

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
... business for eight years. Aardoom has been the director of JB Markets since August 2016, and was a key person named on the AFSL of JB Markets. The banning of Aardoom comes after ASIC found that in 2023, Aardoom, as sole director of JB Markets, entered ...