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Showing 41 - 50 of 315 results for "Financial Complaints Authority"

ASIC cancels AFSL of Qld securities dealer

MATTHEW WAI  |  MONDAY, 16 FEB 2026
... institutional investors. In 2023, Pulse Markets was required to compensate a complainant to the Australian Financial Complaints Authority (AFCA) for almost $130,000 after offering risky investment products that were only available to wholesale investors ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... roughly 11,000 Australians who invested in the two schemes have lodged complaints with the Australian Financial Complaints Authority (AFCA), ASIC said. The losses equate to more than $1 billion. With the deadline for some investors to file a complaint ...

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
... complainant over inappropriate advice provided in relation to the Shield Master Fund, the Australian Financial Complaints Authority (AFCA) lead decision reveals. In this case, the complainant received financial advice from Interprac in June 2022 to establish ...

'No benefit in switching super': AFCA finalises FSGA lead decision

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
The Australian Financial Complaints Authority (AFCA) has determined inappropriate advice provided by Financial Services Group Australia (FSGA) led to one client's $200,000 financial loss. In December, AFCA said it received more than 1800 complainants ...

MWL complainants given $100k in lead decision outcome

MATTHEW WAI  |  MONDAY, 19 JAN 2026
The Australian Financial Complaints Authority (AFCA) has finalised its review of MWL Financial Services' lead decision, confirming the business, which is in liquidation, did not act in the complainant's best interest. In December, AFCA unveiled the ...

AFCA streamlines approach to over 1800 Shield, First Guardian complaints

MATTHEW WAI  |  MONDAY, 22 DEC 2025
The Australian Financial Complaints Authority (AFCA) has released details of its lead decision approach for Shield Master Fund and First Guardian Master Fund complaints, aiming to deliver a "consistent and fair" outcome for all affected investors. The ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... August, Sequoia was already dealing with $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) with respect to Shield and First Guardian. Sequoia, instead, is counting on superannuation funds' reserves to ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... licensees to maintain PII for the same length of time as they are required to maintain (Australian Financial Complaints Authority (AFCA) membership after licence cancellation, which is for at least 12 months. Shadow Financial Services Minister Pat Congaghan ...

ASIC suspends MW Planning AFSL over missing responsible manager

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
... its failures. During the suspension period, MW Planning must remain a member of the Australian Financial Complaints Authority and maintain professional indemnity insurance cover, ASIC said. MW Planning has the right to apply to the Administrative Review ...

1659 First Guardian, Shield complaints reach AFCA

KARREN VERGARA  |  MONDAY, 8 DEC 2025
... Shield Master Fund and First Guardian Master Fund-related complaints lodged with the Australian Financial Complaints Authority (AFCA) has grown to 1659. AFCA said the latest figure represents the total as at December 3. AFCA did not provide a breakdown ...