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Showing 11 - 20 of 256 results for "Financial Services Law"

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
... deemed high risk. Finding McPherson to be not fit, not proper and not competent, and likely to contravene financial services law again, ASIC imposed a four-year ban. McPherson is prevented from providing financial services, controlling an entity that ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... believes that Van Coppenhagen is not a fit and proper person, is not competent, and is likely to contravene financial services law. The banning order took effect from 16 December 2025. Van Coppenhagen's ban has been recorded on the Banned and Disqualified ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
ASIC has released a catalogue summarising key legal obligations and regulatory guidance for private credit fund operators, as the regulator continues to keep an eye on the sector. ASIC said the catalogue should assist private credit fund operators in ...

FX coaching platform handed additional conditions over compliance failures

MATTHEW WAI  |  WEDNESDAY, 26 NOV 2025
... timeframe. The consultant is also to consider LTT's procedures and frameworks to ensure compliance with financial services law and provide two reports on these matters to ASIC for the watchdog to determine if any further action is warranted. "Compliance ...

Metrics supports efforts to raise standards in private credit

RIDDHIMA TALWANI  |  THURSDAY, 6 NOV 2025
Metrics Credit Partners has strongly supported ASIC's calls for the private credit industry to deliver enhanced standards and says it looks to play a leading role in the process. ASIC's deep dive into the private credit sector revealed fund managers ...

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 ...