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Showing 121 - 130 of 980 results for "AFSL"

ASIC sets sights on 140 advisers

ELIZA BAVIN  |  THURSDAY, 18 SEP 2025
... are current investigations, and 70 more we have got on the list." Court said the decision to ban advisers and remove their AFSL is not something the regulator does lightly, and all the advisers it is investigating will go through a full investigation. ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... civil penalty relates to ANZ admitting it acted unconscionably and misled the government, as well as failing to meet its AFSL obligations when it managed the 10-year treasury bond deal and produced inaccurate reporting. For this portion of the fine ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... crusade against Block Earner with the Federal Court granting a special leave to appeal an April decision that found that an AFSL was not necessary to offer a fixed-yield digital asset-related product. ASIC said its appeal seeks the High Court's ruling ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... act in the best financial interests of its members, do all things necessary to ensure the financial services covered by its AFSL were provided efficiently, honestly and fairly. ETS also allegedly increased exposure to Shield by members and their financial ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... personal property. Provisional liquidators are also being sought for Venture Egg and United Financial Advice. ASIC cancelled the AFSL of FSGA on June 7 and permanently banned its responsible manager Graham Holmes. ASIC deputy chair Sarah Court said this ...

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
The AFSL of MWL Financial Services has been cancelled, while both its director and its compliance manager have copped bans after they allegedly helped funnel more than $150 million in investments into the Shield Master Fund. MWL recommended Shield to ...

ATO bares teeth at dentists pushing early super access

JAMIE WILLIAMSON  |  TUESDAY, 26 AUG 2025
... about health practitioners encouraging or advising patients to access their super to pay for health treatments without an AFSL. Some are charging fees to assist patients with submitting their hardship applications to the ATO without being a registered ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... unregistered managed investment schemes or financial services being provided without an Australian financial services licence (AFSL). The balance was issues related to general licence obligations (36%), credit issues (15%) and other (10%). Further, ASIC ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... all, while another was reported more than a year later than it should have been. Under the Reportable Situations Regime, all AFSL holders must notify ASIC of a reportable situation - in this instance, a significant breach of 'core obligations' ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... Between 4 January 2024 and 8 October 2024, the regulator also alleged he operated a financial services business without an AFSL. Based in New South Wales' Blue Mountains, Forrest previously worked as a business analyst for Neilson's family office ...