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Showing 21 - 30 of 889 results for "Banned"

ASIC takes action on Spice Capital Partners, founder

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... from carrying on a financial services business without an AFSL. Oxlade has been on ASIC's radar for other misconduct. ASIC banned Oxlade from working as a director for four years in 2017, following the liquidation of two companies of which he was a director. ...

ASIC acts against MWL, its director and lead generator

ANGELIQUE MINAS  |  THURSDAY, 13 NOV 2025
... obligation to ensure authorised representatives act in the client's best interests, and related duties. Earlier this year ASIC banned Nicholas Maikousis from providing financial services for 10 years. ASIC deputy chair Sarah Court said the superannuation ...

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 ...

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 ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
ASIC has banned Melbourne-based financial adviser Jovan Videkanic 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 ...

Adviser banned after $11.3m loss

ELIZA BAVIN  |  WEDNESDAY, 22 OCT 2025
ASIC confirmed it permanently banned WA-based adviser Noel Northcott in April, over concerns it had around Northcott's involvement in the Noon Investment Fund and the Quant Fund, after a ruling by Administrative Review Tribunal (ART) allowed the regulator ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
ASIC has banned Wade Spooner of Melbourne for eight years for advising his clients to invest their superannuation into the Shield Master Fund while he was an authorised representative of MWL Financial Services. Spooner, also a member of MWL's investment ...

ASIC bans another former Lighthouse Partners director

ANGELIQUE MINAS  |  THURSDAY, 9 OCT 2025
The Australian Securities and Investments Commission (ASIC) has banned former Lighthouse Partners director and financial adviser Timothy Archibald from providing financial services for 10 years, for fees for no service (FFNS) conduct. This comes after ...

ASIC permanently bans jailed adviser

MATTHEW WAI  |  FRIDAY, 26 SEP 2025
ASIC has permanently banned a former financial adviser after he was convicted for defrauding family and friends out of $4.5 million. Anthony Joseph Del Vecchio served as a financial adviser for Freedom Finance Australia from November 2016 to October ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
... establish SMSFs and invest into speculative schemes, which Joel Hewish, the sole director of UGC, had interests in. He has been banned from working in the industry for 10 years. The failure of UGC has been a key driver of the spike in the 2026 Compensation ...