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Showing 121 - 130 of 424 results for "Financial Services business"

Courtenay House affiliate faces prison

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... promoter Athan Papoulias has been sentenced to two years' jail time for his role in the unlicensed financial services business. As part of his sentence, Papoulias will also complete 120 hours of community service. Papoulias pleaded guilty to one charge ...

Former director hit with dishonesty charges

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... alleged misconduct. Engaging in dishonest related to financial products or services while operating a financial services business can carry a maximum penalty of 15 years imprisonment. Alternatively, offenders may face a fine of up to $945,000 or three ...

ASIC bans mortgage broker for eight years

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... Sunshine Coast-based Childs from providing financial services, controlling an entity that carries on a financial services business, and performing any function involved in carrying on a financial services business. She has the right to appeal ASIC's ...

Unlicensed investor pleads guilty to fraud charges

CHLOE WALKER  |  FRIDAY, 24 FEB 2023
... relating to $1 million of investor money he spent for himself. A further two offences of carrying on a financial services business without a licence will also be considered by the Court, ASIC said. Following an ASIC investigation, Kamkolkar was found ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... barred from providing any financial services, performing any function involved in the carrying on of a financial services business, and controlling an entity that carries on a financial services business. The sole director of Sweeney Insurance Services ...

Adviser sentenced over accessing client accounts

CHLOE WALKER  |  FRIDAY, 3 FEB 2023
... was convicted on one count of providing a financial service on behalf of a person who carries on a financial services business while unauthorised to do so and one count of engaging in dishonest conduct in relation to a financial service. At the time ...

ASIC bans Gold Coast businessman

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... over-the-counter contracts for difference (CFD) broker. 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 ...

Former planner pleads guilty to dishonest conduct

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... financial planner has pleaded guilty to three counts of engaging in dishonest conduct whilst running a financial services business. ASIC found that between February and March 2015, Bradley Grimm engaged in dishonest conduct on five occasions and transferred ...

Diverger acquires cyber technology firm

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
Diverger has acquired Priority Networking, an outsourced managed technology service provider with a network of 130 accounting and financial advice firms. Priority Networking ensures the technology infrastructure of firms is operating efficiently, compliant ...

AAT upholds AFSL cancellation

CHLOE WALKER  |  THURSDAY, 12 JAN 2023
... superannuation rollover business. In March 2020, ASIC cancelled the AFS licence of the Gold Coast-based financial services business following concerns it had breached several of its legal obligations, including that its representatives were not adequately ...