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

Search Results

Showing 31 - 40 of 427 results for "Financial Services Business"

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... result, Rankin has been suspended from providing financial services and engaging in any function at any financial services business for four years. Rankin has the right to appeal the decision to the Administrative Review Tribunal.

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... Management strategies. "These updates to our brand reflect our commitment to building an innovative financial services business that continues to unearth unique opportunities across investment management and specialist financial services," Magellan chief ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... in the shares. Between 4 January 2024 and 8 October 2024, the regulator also alleged he operated a financial services business without an AFSL. Based in New South Wales' Blue Mountains, Forrest previously worked as a business analyst for Neilson's ...

Guilty plea entered in Ponzi scheme case

JAMIE WILLIAMSON  |  TUESDAY, 5 AUG 2025
A man who carried on a financial services business without and AFSL and duped investors out of nearly $2 million has pleaded guilty to dishonest conduct and dealing with proceeds of crime. Ashley Arandez pleaded guilty to dishonest conduct, unlicensed ...

Adviser banned for PRP supervision failures

MATTHEW WAI  |  THURSDAY, 31 JUL 2025
... financial services, controlling or performing any function involved in a business that carries on a financial services business for five years, effective July 25. Potter was a financial adviser and nominated supervisor of a PRP at the firm, but ASIC ...

ASIC issues warning over BTG Technology

ELIZA BAVIN  |  MONDAY, 28 JUL 2025
... permitted to offer its exchange services in Australia. However, Bitget is not licensed to carry on a financial services business in Australia. Since 2022, several international regulators have taken regulatory action in relation to Bitget entities, including ...

Two more Shield Master Fund advisers banned

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... suspended from providing financial services, controlling or performing any function involved in a financial services business for seven and six years, respectively. D'Amelio was authorised by MWL from 5 June 2017 to 30 September 2022, and from 27 ...

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 ...

James Mawhinney contravened law: Federal Court

KARREN VERGARA  |  FRIDAY, 11 JUL 2025
... suspended. Furthermore, Judge Button found that another one of his companies, IPO Capital, carried on a financial services business from 2016 to December 2017 without an AFSL. Ultimately, Mawhinney was associated with or involved in the above contraventions ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... affected. Moore has been banned from performing any function and controlling an entity that carries on a financial services business for three years, ASIC said. The banning took effect from July 3 and has been recorded on ASIC's banned and disqualified ...