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Showing 31 - 40 of 424 results for "Financial Services business"

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 ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... been permanently banned from controlling or performing any function within an entity that carries a financial services business. Between 2007 and 2024, King was an authorised representative of Principal Financial Group, Total Financial Solutions Australia ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... financial services industry. The 10-year ban covers any function involved in the carrying on of a financial services business and controlling any entity that does so. She has the right to appeal the decision. According to her LinkedIn, Roper had been ...

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... 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 conduct ...