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Showing 31 - 40 of 689 results for "Financial products"

Crypto providers to hold AFSL under proposed laws

MATTHEW WAI  |  THURSDAY, 25 SEP 2025
... asset regime to better regulate platforms that hold digital assets. The draft legislation introduces two new financial products within the Corporations Act - digital asset platform and tokenised custody platform. This means the existing consumer protections ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... "This type of misconduct undermines trust and confidence in Australia's financial services." "Firms dealing in financial products have an obligation to be licensed which ensures customers are afforded key legal protections provided by an Australian 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 ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... believes it is in the public interest to clarify this. "This clarification is important as it applies to all financial products and services whether they involve digital assets or not," the regulator said, which applied for the special leave in May. ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... the government to alter anti-hawking legislation to ensure consistency between selling financial services and financial products. In response to an Australian Competition and Consumer Commission (ACCC) consultation on unsolicited selling and lead generation ...

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... identify clients' objectives and needs, the subject matter of advice, or conduct a reasonable investigation of the financial products. ASIC has since imposed interim stop orders on the Pivotal Diversified Fund and froze assets of GCPF. As a result, Rankin ...

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
... and Harry Tsalikidis were involved in facilitating an investment scam by offering fraudulent bonds and other financial products via fictitious investment comparison websites and Facebook advertisements. Investors were contacted by telephone and/or email ...

ASIC issues warning over BTG Technology

ELIZA BAVIN  |  MONDAY, 28 JUL 2025
... not hold an AFSL, meaning it is not permitted to promote or encourage Australian investors to invest in its financial products. "Australians investing in unlicensed financial products are unable to access important rights and protections available under ...

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... giving advice, dealing, providing insurance, or providing other intermediary services for crypto assets that are financial products. These include the requirement to hold an Australian financial services licence (AFSL) or appropriate authorisation by ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... in October 2020 alleged that Beresford established Maxwell Financial Services in 2019 and offered investors financial products with high annual returns. However, its website stated its representatives held an AFSL and it was associated with ASIC and ...