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Showing 31 - 40 of 889 results for "Banned"

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... with the financial services law." This was not the first time Hodgson has been under ASIC's scrutiny. In July 2015, he was banned from providing financial services for two years due to his involvement in the conduct of Exalt Global Funds, a company of ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
... regulator estimates that First Guardian and Shield have lost more than $1 billion in investors' money. ASIC has since banned several financial advisers and frozen assets of directors, such as Ferras Merhi. "We have doubled the number of new financial ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
Mayfair 101 Group director James Mawhinney has been banned from receiving or soliciting funds related to financial products for 15 years after the Federal Court determined he had a "cavalier attitude to compliance" and was "reckless" in operating his ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... obligations seriously. ETSL understands the deeply distressing circumstances for those affected by the misconduct of now banned financial advisers and allegedly fraudulent promoters, responsible entities and managers, and continue to provide access to ...

FEATURE: Hyped up

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... express concerns about security and privacy issues, predicting it might suffer the same fate as TikTok, which has been banned or restricted or is in the process of being banned in certain countries. Davis points out that it doesn't make much difference ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
ASIC has permanently banned former investment manager and director Brett Paul Trevillian for fabricating investment reports of his trading strategy 'The Gold Method'. Trevillian, who has been serving a three-year sentence by way of an intensive ...

Former United Global Capital adviser banned

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025
Former United Global Capital (UGC) adviser Milutin Petrovic is banned for six years after ASIC found he failed key advice obligations when recommending clients invest their retirement savings into the Global Capital Property Fund Limited (GCPF). Petrovic ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... also being sought for Venture Egg and United Financial Advice. ASIC cancelled the AFSL of FSGA on June 7 and permanently banned its responsible manager Graham Holmes. ASIC deputy chair Sarah Court said this action is the latest part of ongoing enforcement ...

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
... complain to the Australian Financial Complaints Authority. As a result, MWL managing director Nicholas Maikousis has been banned from providing financial services for 10 years. ASIC found he was not only responsible for establishing the so-called "low ...

Former adviser back in Australia to face theft charges

JAMIE WILLIAMSON  |  MONDAY, 25 AUG 2025
... where the money had gone kicked off. She voluntarily returned in 2015 for a hearing with ASIC at which she was permanently banned before relocating permanently to New Zealand. In 2018, a warrant for her arrest was issued and extradition back to Western ...