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Showing 51 - 60 of 1132 results for "Representatives"

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... InterPrac is currently facing $22 million worth of Australian Financial Complaints Authority (AFCA) pertaining to its representatives' alleged roles in the loss of $1 billon of investor money. InterPrac managing director Garry Crole said super funds' ...

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
... risk." Financial Standard understands ASIC believes the funds run by FMPE were being sold by a group of unlicensed representatives, allegedly claiming they could do so under exemptions in section 708 of the Corporations Act. It is understood this was ...

ASIC to review RG97 to boost property supply

JAMIE WILLIAMSON  |  WEDNESDAY, 13 AUG 2025
... flow toward residential property investments, enhancing overall economic productivity." ASIC is inviting industry representatives to participate in the review, as well as Treasury, to report by November 30. Direct submissions from experts and key stakeholders ...

Sequoia resumes trading after ASX query

ELIZA BAVIN  |  WEDNESDAY, 30 JUL 2025
... Shield and First Guardian funds as Venture Egg Financial Services and its principal Ferras Merhi were authorised representatives of InterPrac. ASIC said certain authorised representatives of Venture Egg provided personal financial product advice to consumers ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... offered financial advice and financial services. Further, the business website falsely claimed the relevant company representatives held an AFSL. ASIC's investigation in October 2020 alleged that Beresford established Maxwell Financial Services in ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... information of its financial advisers and clients. In the NSW Supreme Court, ASIC alleges Fortnum exposed its authorised representatives (ARs) and clients to an "unacceptable level of risk of a cyber-attack or a cybersecurity incident". Fortnum introduced ...

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
... which is under Interprac Financial Planning, between July 2023 and January 2024. ASIC said it was aware authorised representatives from Interprac Financial and Next Generation Advice recommended clients move their money to Shield. McQueen's ban took ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... for three years for failing to recognise the seriousness of fees for no service conduct, committed by one of its representatives at Lighthouse Partners. Kiriley Roper was recently banned for 10 years by ASIC for charging fees for no service to the tune ...

Chalmers opens economic reform consultation

ELIZA BAVIN  |  MONDAY, 30 JUN 2025
... and build and advance consensus around them." Those invited include Productivity Commission chair Danielle Wood, representatives from the Australian Council of Trade Unions, Business Council of Australia chief executive Bran Black, Australian Chamber ...

Firms rebuffing AFCA determinations should be named: FAAA, professional bodies

KARREN VERGARA  |  TUESDAY, 17 JUN 2025
... monthly or quarterly basis. In other matters, the organisations said they support the proposed changes to force paid representatives to use approved AFCA processes and for AFCA to refuse to deal with a third party where they are not a member of AFCA ...