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Showing 771 - 780 of 5609 results for "ASIC"

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 ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... financial losses and believed that Bigatton will not reoffend. "I also take into account that the offender has been banned by ASIC from providing financial services until 31 August 2027. The existence of such an order, which keeps him well away from ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... Group settled the recent Shine Lawyers-led class 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 ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability ...

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
... decision to pursue its own AFSL was made due to the growing scale of the business and a preference to engage more directly with ASIC. "It's a logical step for Stake as we continue to mature as an Australian financial services provider," Gentle said. ...

AAT slashes adviser ban

KARREN VERGARA  |  MONDAY, 8 JUL 2024
... (AAT). The AAT varied ASIC's decision to ban Christopher Betalli from providing financial services following his appeal. ASIC ordered the ban on 1 May 2021. The AAT ruled it will now end on 24 April 2025. Between 30 September 2009 and 28 September ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... Appeals Tribunal recently overturned ASIC's decision to ban a financial adviser for faking exam results permanently. ASIC banned Todd Karamian in March 2023 after the Bluepoint Consulting chief executive and co-founder altered his Financial Adviser ...