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Showing 11 - 20 of 130 results for asic shield

Lead generation a 'conveyor belt of harm': Longo

RIDDHIMA TALWANI  |  THURSDAY, 7 MAY 2026
Departing ASIC chair Joe Longo said the most effective way to tackle unscrupulous actors in lead generation activity would be to stop it at the source and ban all unlicensed communications. Speaking at the Financial Counselling Australia conference ...

Sequoia abandons InterPrac sale

KARREN VERGARA  |  FRIDAY, 1 MAY 2026
... $50,000 in late March. The regulator jumped on this, applying to the Federal Court for KPMG to investigate the proposed sale. ASIC expressed concerns the sale could adversely affect InterPrac's creditors, including its liabilities in relation to ...

ASIC bans another former MWL adviser

ELIZA BAVIN  |  THURSDAY, 23 APR 2026
ASIC has banned Sydney-based former financial adviser John Morgan from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business ...

ASIC acts against another former FSGA adviser

JAMIE WILLIAMSON  |  MONDAY, 13 APR 2026
An adviser that ASIC said was experienced enough to know better than to advise clients to invest in Shield and First Guardian has been banned for five years. Shane Monte Silva failed to act in certain clients' best interests when he told them to switch ...

ASIC concerns over Interprac sale 'unfounded': Sequoia

JAMIE WILLIAMSON  |  FRIDAY, 10 APR 2026
... saying it is working with ASX to determine whether shareholders are required to approve the transaction. Earlier this week ASIC applied to the Federal Court to have receivers appointed to investigate the validity of the sale of Interprac to Conquest ...

Former Venture Egg adviser permanently banned

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2026
... Commission. He was then authorised under Consilium Advice, a group established by former Dover advisers. In banning him, ASIC said Papapavlou lacked competence, adequate training and judgement as a financial adviser, and engaged in dishonest, misleading ...

Sale of Interprac raises eyebrows at ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 8 APR 2026
ASIC wants the Federal Court to appoint a receiver to investigate the fire sale of Interprac Financial Planning to Conquest Investment Partners, saying it has concerns over what it may mean for the advice group's creditors. The regulator has applied ...

ASIC bans another MWL adviser

RIDDHIMA TALWANI  |  WEDNESDAY, 8 APR 2026
ASIC has banned another MWL financial adviser David Lofthouse for three years for advising clients to invest at least 75% of their superannuation savings into the High Growth or Growth class of the Shield Master Fund. ASIC said Lofthouse gave six clients ...

APRA imposes additional licence conditions on Fiducian

RIDDHIMA TALWANI  |  WEDNESDAY, 1 APR 2026
... are taken to ensure the options are in members' best financial interests. "APRA will continue to coordinate closely with ASIC to address investment governance weaknesses identified in platform trustees," Cole said. Separately, Fiducian will pay ASIC ...

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI  |  TUESDAY, 31 MAR 2026
... Egg), has been banned for four years over inappropriate advice and deceptive conduct, including impersonating other advisers. ASIC has banned Nicholas Hogan from the financial services industry for four years, effective 18 December 2025. During his employment ...