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Showing 311 - 320 of 5584 results for "ASIC"

ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
ASIC has confirmed that it will start categorising some digital assets as financial products under updated guidance, while providing plenty of time for those that need to fulfill new requirements. Firms providing services related to digital assets that ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
ASIC has banned another former Crown Wealth Group staffer from working in the financial services industry for showing incompetence in addressing fees-for-no-service (FFNS) misconduct. Brendan Rodwell, who was the director of Crown Wealth Group, was ...

Morningstar DBRS expands into regional Australia

ANGELIQUE MINAS  |  WEDNESDAY, 29 OCT 2025
... compliance functions across a diverse range of products and regulatory regimes. This includes APRA in prudential standards and ASIC in licensing, consumer credit, privacy and oversight of frameworks and governance. ASIC granted Morningstar an AFSL in ...

James Mawhinney launches another appeal

JAMIE WILLIAMSON  |  TUESDAY, 28 OCT 2025
... defended a number of the allegations made against him, including that he loaned investor funds to family members. Prior to ASIC taking action, all Mayfair 101 clients were paid principal and interest on time and in full, he said, with no complaints made ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
Venture Egg financial adviser Ferras Merhi has been banned from working in financial services after ASIC successfully obtained interim restraining orders from the Federal Court. Yesterday, Justice Moshinsky restrained Merhi "through his servants, agents ...

UGC auditor 'comprehensively failed', registration stripped

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... Fund. More than $92 million was invested in the funds, much of which is now unaccounted for. Following an application by ASIC, the Companies Auditors Disciplinary Board (CADB) has cancelled O'Shea's registration, saying he was not a fit and proper person ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... Netwealth be established, the company has the resources to honour any resulting or monetary obligations." While the work of ASIC and liquidators is ongoing, Netwealth said it believes there is sufficient evidence of fraud and losses as a result of that ...

Macquarie to shed more than 240 investment options

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... the OC Dynamic Equity Fund were also closed to super investors. The move comes at the fallout of the Shield Master Fund. ASIC and Macquarie are now battling it out in the Federal Court as the regulator alleges MIM did not act efficiently, honestly and ...

Shield, First Guardian fallout calls for tougher scrutiny on research houses, licensee governance

MATTHEW WAI  |  FRIDAY, 24 OCT 2025
... oversight to ensure the accuracy and independence of fund research," he argued. "A research house should have an AFSL issued by ASIC, but to date there is a relatively light touch approach from ASIC to ensure the accuracy and independence of their reports ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... something more menacing lurks - that trustees cannot seem to get the fundamentals of their administrative processes right. ASIC's scathing March report into the timely payments of death benefits asks an even more disturbing question: do they know the ...