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Showing 681 - 690 of 5218 results for "2015-16 ASIC"

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... the financing of the company and other key issues. "This misalignment threatened the viability of the group." Last month, ASIC obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund, a registered managed fund overseen ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
ASIC has banned two former directors and responsible managers of XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson ...

ASIC permanently bans Queensland adviser

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
... The Australian Securities and Investments Commission (ASIC) has banned Queensland-based financial adviser Anass Abdalla. ASIC said Abdalla has been banned from providing any financial services, performing any function involved in the carrying on of a ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... Newlinds said. The matter was prosecuted by the Commonwealth Director of Public Prosecutions following ASIC's referral. ASIC deputy chair Sarah Court said: "Providing unlicensed financial advice denies Australian investors access to key protections ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... action for $16 million. Senator Andrew Bragg has been highly critical of how ASIC has handled the Dixon matter. In 2021, ASIC settled to fine Dixon of $7.2 million in the Federal Court and did not pursue any other criminal matters. The fine has yet to ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... risk governance cultures of APRA-regulated entities, their directors, and most senior executives. As part of the new update, ASIC and APRA have released an amendment to the regulator rules, which prescribes the key functions information for inclusion ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... on a financial services business or performing any function involved in the carrying on of a financial services business. ASIC found that he provided his employer, Cojag Pty Ltd, which trades as Horizon Financial Planners, with a fake Financial Adviser ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
ASIC's regulation activity for the 2024 financial year is expected to slug financial advisers $48.39 million collectively as the annual levy does not appear to be reducing. Licensees that provide personal advice to retail clients on relevant financial ...

Stake to operate under its own AFSL

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
Stake currently provides financial services as an authorised representative of Sanlam Private Wealth and global payments giant Airwallex; both hold an AFSL. But soon, Stake will operate under its own AFSL, offering services as an authorised representative ...