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Showing 111 - 120 of 1387 results for "Licence"

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... consumers who invested in the Shield Master Fund and the First Guardian Master Fund. ASIC said it cancelled FSGA's licence on June 7 for failing to take reasonable steps to ensure that two of its representatives provided financial product advice ...

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
... via a subscription service for retail investors. It operates in Australia, Canada, the UK and US. ASIC has imposed new licence conditions on Kalkine's Australian financial services licence (AFSL) to ensure compliance with its obligations as an AFS licensee. ...

ASIC takes Block Earner case to High Court

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
... July 2024, Block Earner cross-appealed the Federal Court's decision that Block Earner needed a financial services licence to offer its Earner product. On 6 March 2025, the Full Federal Court heard ASIC's appeal and Block Earner's cross-appeal. ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... long-standing issues, which led us to impose additional conditions on Macquarie Bank's Australian Financial Services licence only last week," Longo said.

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... Corporations Act 2001. In 2021, ASIC sought freezing orders against Dunjey, alleging at the time he operated without a licence and falsified financial records. He was also forced to surrender his passport and remain in Australia. Ascent owed some $149 ...

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... failures have been undetected for many years, including one that lingered for a decade, ASIC said, forcing it to impose licence conditions on Macquarie. Macquarie's "control weaknesses" ranged from poor change management practices, unclear roles ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...

ASIC streamlines AFSL applications

JAMIE WILLIAMSON  |  MONDAY, 5 MAY 2025
The regulator launched a new digital portal for Australian financial services licence (AFSL) applications. From today, those wishing to gain an AFSL can use ASIC's new portal, integrated with the ASIC Regulatory Portal. It has a new interface and method ...

ASIC bans unlicensed WA adviser

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
... determined 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 ...

AUSIEX to acquire FIIG Securities

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
Wholesale trading platform AUSIEX will acquire fixed income trading business FIIG Securities by the end of June 2025. The acquisition price has not been disclosed, but Financial Standard understands it has been described as "fair value". Financial Standard ...