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Showing 21 - 30 of 251 results for "Financial Services Law"

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... required to have total assets that exceeded total liabilities. As for Holmes, ASIC said he contravened financial services law via FSGA for failing to take reasonable steps to ensures its representatives acted in the best interests of clients and to give ...

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... not competent to participate in the Australian financial services industry and is likely to contravene a financial services law." Rogan is also banned from performing any function within a financial services business and controlling any financial services ...

ASIC loses Block Earner case

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
... this "brings closure to a long and difficult process, one that showed how hard it is to apply existing financial services law to new and fast-changing technologies like crypto." "We understand regulators are working in a tough environment. The current ...

Queensland adviser banned for five years

MATTHEW WAI  |  MONDAY, 31 MAR 2025
... Thomson is not a "fit and proper person", not adequately trained nor competent, and will likely contravene a financial services law in future, ASIC said. As a result, Thomson has been banned for five years, though some exemptions were allowed. The banning ...

'Incompetent' adviser permanently banned by ASIC

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
... for the 2021, 2022, and 2023 financial years. ASIC determined that Surtenich has "failed to comply with financial services law" by making dishonest representations when he claimed the investment is capital protected in generating high returns, when there ...

ASIC bans Brisbane-based financial services director

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
... a fit and proper person to participate in the financial services industry and is likely to contravene a financial services law. ASIC said the banning took effect from 19 February 2025 and was recorded on the Banned and Disqualified persons register. ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
Sanlam Private Wealth, the Australian arm of the South African Sanlam Group, has admitted to breaching licensee obligations by "failing to adequately supervise" its authorised representatives and corporate authorised representatives (CARs), following ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
ASIC is taking Binance Australia to court alleging it denied more than 500 retail clients important consumer protections by misclassifying them as wholesale clients. ASIC alleges from 7 July 2022 to 21 April 2023, Binance offered crypto derivative products ...

Former adviser charged with dishonest conduct

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... services, is not adequately trained or competent to provide financial services and is likely to contravene financial services law..." Ridgway allegedly provided false information during ASIC's investigation into his role in recommending unlisted ...

Second bidder enters SelfWealth takeover talks

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
The proposed takeover of SelfWealth heats up as AxiCorp Financial Services attempts to ensnare the trading platform from Bell Financial Group (BFG). AxiCorp has lobbed a bid of 23 cents per SelfWealth share, one cent more than what BFG proposed on Wednesday. ...