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Showing 21 - 30 of 545 results for "Investigate"

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 ...

UGC auditor 'comprehensively failed', registration stripped

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
The man responsible for auditing United Global Capital and its two managed funds has had his company auditor registration torn up after he was found to have 'continuously failed to undertake basic audit work' that could have saved millions in SMSF investors' ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... anti-fraud measures and legal obligations. "If the death occurs within the first two years of the policy, insurers may investigate the original application for misrepresentation," he adds. However, Viridian Advisory senior financial adviser Shaun Au ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... month, MIML reimbursed victims' retirement savings, while ETSL maintains its innocence. Meanwhile, ASIC continues to investigate Keystone Asset Management (the responsible entity for Shield) and other entities and advisers.

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... that." Abood also wants to see the government reopen the Senate inquiry into wealth management, which was launched to investigate the collapse of Dixon Advisory and was ditched in August. And its remit should be expanded, she says. "With Shield and First ...

ASIC bans another former Lighthouse Partners director

ANGELIQUE MINAS  |  THURSDAY, 9 OCT 2025
... Archibald failed to promptly report the misconduct to Crown Wealth Group. He also failed to immediately and adequately investigate the FFNS instances to prevent recurrence. This negligence culminated in failure to refund an estimated $81,652 in fees ...

ASIC reports 50% jump in investigations in FY25

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
... and promises of better returns in exchange for investments into complex and risky schemes. "ASIC's priority is to investigate what has happened, which has revealed a complex structure and suspected misconduct by lead generators, financial advisers and ...

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
... are independent and be alive to even the perception that their independence is compromised." ASIC will continue to investigate potential breaches of independence and conflicts of interest obligations and take compliance or enforcement actions as appropriate. ...

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
A former Income Asset Management (IAM) employee has funnelled $1.5 million from the company using a bank account used by a "minority sub-custodian". IAM said it suspected fraudulent transfers made from a bank account maintained by its previous sub-custodian ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
... the most complex and resource-intensive investigations we've conducted. It is one of ASIC's priorities to investigate what has happened and to preserve as much of investors' funds as possible while our investigations are continuing."