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Showing 451 - 460 of 5594 results for "ASIC"

Macquarie suffers first strike on pay package

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
... "risk shortcomings" are not adequately addressed in the remuneration report. The group has been under intense scrutiny from ASIC in recent years. Currently, ASIC is suing Macquarie Securities, the broking arm, for repeated and systemic misleading conduct ...

Two more Shield Master Fund advisers banned

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
ASIC has banned another two former financial advisers of MWL Financial Services that were involved in investing clients' superannuation into the Shield Master Fund, as well as other breaches of obligations. Former financial advisers of MWL, Rocco ...

Picture Wealth named fastest-growing planner: report

MICHELLE BALTAZAR  |  THURSDAY, 24 JUL 2025
... Rainmaker Information this week. The report found that Picture Wealth has signed 42 advisers in the past 12 months, based on ASIC data. David Pettit, co-founder of Picture Wealth, said that there's more room for growth in the financial planning sector. ...

FAAA fights to reignite Dixon inquiry

MATTHEW WAI  |  THURSDAY, 24 JUL 2025
... the minister makes a decision, either for the government to contribute to it or for other sectors that are covered by the ASIC funding levy to contribute. That's a problem that the government is going to need to solve."

One third of advisers use 'Big 3' platforms: Rainmaker

KARREN VERGARA  |  THURSDAY, 24 JUL 2025
... Alliance Wealth registered 42 advisers, while Charter Financial Planning added 33 new ones. All in all, there were 15,456 ASIC-registered financial advisers at the end of FY25. The small-sized AFSLs, categorised as either having one to two advisers or ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
ASIC has permanently banned the founder of Maxwell Financial Services and Asset Capital Holdings, Matthew Allen Beresford, from working in financial services, after he was found guilty of running an investment scam. ASIC has also permanently banned ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
ASIC is suing Fortnum Private Wealth for allegedly failing to manage and comply with its cybersecurity obligations that exposed the information of its financial advisers and clients. In the NSW Supreme Court, ASIC alleges Fortnum exposed its authorised ...

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
... them provide personal advice while unregistered. Skye Money and Smart Financial Capital have both paid fines of $31,300 to ASIC for authorising an unregistered financial adviser to provide personal advice to clients. ASIC said that it acted as it had ...

Former BBY chair charged with aiding dishonest conduct

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JUL 2025
... counselling or producing BBY's dishonest conduct, which has also led to charges against four other former BBY executives. ASIC alleges that in 2015, Rosewall was involved in BBY's use of $1.95 million of client money to pay an unrelated corporate invoice. ...

Funeral insurer fined $4.75m

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... offered its funeral expenses insurance policy Aboriginal Community Funeral Plan (ACF Plan) primarily to Aboriginal consumers, ASIC said. Both entities have been in liquidation since 2022. The $3.5 million penalty comes in addition to the $1.2 million ...