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Showing 41 - 50 of 695 results for "Financial products"

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 ...

Treasury wants 'more confidence' in sustainable product labels

MATTHEW WAI  |  MONDAY, 21 JUL 2025
... aims to clarify what 'sustainable', 'green' or similar words mean when they're applied to financial products. The paper includes current regulation and disclosure requirements for financial products, overseas frameworks, and some ...

James Mawhinney contravened law: Federal Court

KARREN VERGARA  |  FRIDAY, 11 JUL 2025
... in mid-2020. In April 2021, the Federal Court restrained Mawhinney from promoting and raising funds through financial products for 20 years, which was overturned on 15 September 2022 following Mawhinney's appeal. The matter was remitted back to the ...

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
... Implementation Statement (CRIS) report shows that advisers who provide personal advice to retail clients on relevant financial products, which comprises most of the sector, will pay $39.3 million. This is based on 2680 AFSLs with 15,233 advisers. In ...

CSLR releases revised levy estimate

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... bulk of CSLR claims have been generated by a small number of medium to large firms, and by the collapse of financial products: a sector that currently makes no contribution at all to consumer compensation under the CSLR. "In contrast, the vast majority ...