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Showing 31 - 40 of 764 results for %22AFSL%22

Adviser numbers steady, but shortfall predicted

CHLOE WALKER  |  MONDAY, 30 OCT 2023
With the number of financial advisers stabilised at around 16,000 after falling 43% from its December 2018 peak, forecasting by Rainmaker Information has sought to determine whether demand for advice over the coming decade can be met. According to Rainmaker ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... the Magistrates' Court of Victoria, which were laid in July 2022, in relation to the unlicensed advice provided. The AFSL of Australian Dealer Group was also cancelled.

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... marketing video was played, and in the video, Grubisa can be heard stating that she possessed both a credit licence and an AFSL. While she speaks points appear on the screen which read "lawyer, ASIC Credit Licensee, AFS Licensee, Migration Agent's ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... that crypto exchanges adhere to Australian financial services laws, requiring digital asset platform operators to obtain an AFSL. Treasury's Regulating digital asset platforms' consultation, released today, mandates that exchanges with over $5 million ...

BBY chief charged with aiding and abetting fraud

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... company. BBY went into voluntary administration on 17 May 2015 and in liquidation the year after. ASIC suspended BBY's AFSL in May 2015, which remained in place until its licence was cancelled in June 2021. The court charged Sydney-based Maharaj ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... undertakings include that Bobbob and Goldberg will each cease to be an authorised representative of Sanlam Private Wealth, the AFSL which authorised Bobbob to offer the product. Bobbob will not provide financial services to retail clients for 12 months ...

Former adviser lands in jail

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... January 2009 and April 2014, he was at Sentry Financial Planning. ASIC cancelled Platinum Perpetual Global Private Wealth's AFSL in September 2019 after Western Australian police charged him with eight counts of stealing at the time. On September 22 ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... including banning orders." Nutley added that this case shows ignoring an AFCA determination can not only lead to the loss of an AFSL, but see the financial firm deemed insolvent. NextGen was known as The FinancialLink Group and has recently rebranded. ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... network infrastructure and technology services, portfolio services and accounting solutions. GPS Wealth, Merit Wealth, Paragem, AFSL Compliance, Priority Networking, DWA, Care Portfolio, Tax Banter and Knowledge Shop are the brands that Diverger operates. ...

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
ASIC has again extended the date for financial advisers' registration requirements to 1 February 2024. Advisers previously had until October 1 to register on ASIC's Financial Advisers Register. The original deadline date was set for 1 January 2023. ...