Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 256 results for "Financial Services Law"

ASIC issues warning over BTG Technology

ELIZA BAVIN  |  MONDAY, 28 JUL 2025
ASIC has warned Australian investors against investing in unlicensed cryptocurrency futures products offered by BTG Technology Holdings Limited and its related entities (Bitget). ASIC said Bitget does not hold an AFSL, meaning it is not permitted to ...

Two more Shield Master Fund advisers banned

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... advisers is not a fit and proper person, is not adequately trained or competent and is likely to contravene a financial services law," ASIC said. Since February 2022, more than $480 million have been invested in Shield by at least 5800 consumers, predominantly ...

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
... Bradley is not a fit and proper person, is not adequately trained or competent and is likely to contravene a financial services law. MWL Financial Services is part of MWL Financial Group, which is headquartered in Melbourne. Bradley was based in the ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... found that King is not a "fit and proper" person to provide financial services and likely to contravene financial services law. King has the right to appeal to the Administrative Review Tribunal for a review.

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
A former company director has received a prison sentence after he was found to have continued to run a financial services business despite having been banned from doing so. In 2018, Joshua Fuoco was found to have engaged in misleading and deceptive ...

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 ...