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Showing 11 - 20 of 251 results for "Financial Services Law"

Private credit funds downplay risks, pose risk to financial system: ASIC

KARREN VERGARA  |  WEDNESDAY, 5 NOV 2025
Private credit fund managers downplay the risks of their products and flout basic disclosures of the state of their investments, ASIC's investigation reveals, fearing they have the potential to harm investors, the sector itself and the broader financial ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... believe that Mr Videkanic is not a fit and proper person, is not competent and is likely to contravene a financial services law," ASIC said. The banning order took effect from 25 August 2025. Last month, ASIC deputy commissioner Sarah Court told a parliamentary ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... short period. As a result, ASIC believes Spooner is not a fit and proper person, is likely to contravene financial services law, and is banned from participating in financial services-related functions for eight years. Spooner's ban has been recorded ...

Crypto providers to hold AFSL under proposed laws

MATTHEW WAI  |  THURSDAY, 25 SEP 2025
... spokesperson said. "By bringing digital asset and tokenised custody platforms under the scope of Australian financial services law, the government is delivering long-awaited clarity for industry participants and investors. "Its emphasis on transparency ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... investors," Justice Derrington said. "Mr Hodgson adopted a laissez-faire approach to compliance with the financial services law." This was not the first time Hodgson has been under ASIC's scrutiny. In July 2015, he was banned from providing financial ...

ASIC issues warning over BTG Technology

ELIZA BAVIN  |  MONDAY, 28 JUL 2025
ASIC has warned Australian investors against investing in unlicensed cryptocurrency futures products offered by BTG Technology Holdings Limited and its related entities (Bitget). ASIC said Bitget does not hold an AFSL, meaning it is not permitted to ...

Two more Shield Master Fund advisers banned

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... advisers is not a fit and proper person, is not adequately trained or competent and is likely to contravene a financial services law," ASIC said. Since February 2022, more than $480 million have been invested in Shield by at least 5800 consumers, predominantly ...

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
... Bradley is not a fit and proper person, is not adequately trained or competent and is likely to contravene a financial services law. MWL Financial Services is part of MWL Financial Group, which is headquartered in Melbourne. Bradley was based in the ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... found that King is not a "fit and proper" person to provide financial services and likely to contravene financial services law. King has the right to appeal to the Administrative Review Tribunal for a review.

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
A former company director has received a prison sentence after he was found to have continued to run a financial services business despite having been banned from doing so. In 2018, Joshua Fuoco was found to have engaged in misleading and deceptive ...