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Showing 781 - 790 of 5611 results for "ASIC"

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 ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... concerns of unlicensed conduct. In November 2023, the life insurance startup entered a court enforceable undertaking after ASIC pinged it for possibly operating without a licence, including possibly providing financial product advice. As part of the ...

Former director disqualified for breaching obligations

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
Having been involved in three failed companies, ASIC has disqualified a former financial services industry director for five years. Christian Oey was the director of two financial services companies between May 1999 and November 2018, Clickthru and ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
The Senate committee tasked with assessing the capabilities of ASIC says the government should recognise the regulator has "comprehensively failed to fulfil its regulatory remit", calling for a complete overhaul of its structure, powers and how it's ...

AAT mitigates adviser's permanent ban

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2024
... permanent banning of financial adviser Todd Karamian, who faked his exam result, has been slashed to seven years upon appeal. ASIC banned Todd Karamian in March 2023 after the Bluepoint Consulting chief executive and co-founder altered his Financial ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... regulation uncertainty, costs, and the lack of member engagement as major barriers. This is according to joint oversight by ASIC and APRA, which surveyed 48 trustees who conceded that they have only made "incremental progress" to track their retirement ...

ASIC calls out sloppy adviser data

KARREN VERGARA  |  MONDAY, 1 JUL 2024
ASIC is reprimanding AFS licensees (AFSL) for submitting inaccurate information about their financial advisers and will ramp up its enforcement from August. AFSLs are making numerous errors when it comes to providing data on the Financial Advisers Register ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... Last Resort (CSLR) will soon charge the advice sector $18.5 million to cover the period July 1 to 30 June 2025. The upcoming ASIC funding levy, which is divvied up among the number of advisers registered as at 30 June 2024, is scheduled to land in August. ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group. ASIC found "significant and systemic failures of oversight and compliance" upon ...