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Showing 811 - 820 of 5611 results for "ASIC"

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... The Federal Court has absolved Block Earner from paying a penalty for trading without a financial services licence, which ASIC believes should have been $350,000. While Judge Jackman determined that while Block Earner, which invested in cryptocurrency ...

Monochrome launches Bitcoin ETF amid first-mover dispute

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... in place to guard against theft or cybercrime. "This feeder fund structure is common and has been heavily scrutinised by ASIC," Global X said.

Australians selling assets over seeking help: ASIC

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
The Australian Securities and Investments Commission (ASIC) released new research which sheds light on the financial hardship faced by Australians. The research found that 47% of Australian adults with debt, the equivalent of 5.8 million people, have ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
Speaking at the Australasian Investor Relations Association event, Australian Securities and Investments Commission (ASIC) commissioner Simone Constant gave a stern warning to Australian superannuation funds. Constant said financial reporting of listed ...

Forged documents see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 30 MAY 2024
... Planning adviser who forged clients' signatures to steal from them is now permanently banned. Christopher Nairn was found by ASIC to have falsified numerous documents by forging client signatures to gain access to and misappropriate over $650,000. During ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
... expects the expulsion to take effect on and from 30 June 2024 pending its board's consideration of any submissions. When ASIC cancelled DASS's licence in 2023, it was required to be an AFCA member until at least 8 April 2024. This was also the ...

ASIC suspends AFSL for six managed investment schemes

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services licence (AFSL) of Aurora Funds Management until 20 September 2024. Aurora is the responsible entity of six registered managed investment schemes ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... from his clients' SMSF accounts to cover personal debts, personal expenses, and business expenses of Refocus. Following an ASIC investigation, he appeared before the Maroochydore District Court and entered pleas of guilty to nine counts of fraud totalling ...

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... sentenced in the Brisbane District Court after an investigation by the Australian Securities and Investments Commission (ASIC). Ali pleaded guilty to five counts of fraud totalling $771,303 relating to his misappropriation of funds invested for trading ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
... OneVue, now Certane Corporate Trust, for about $4.5 million. At that time, it had 103 active advisers. As of last Thursday, the ASIC Financial Adviser Register shows it has 61. Once they transition, Infocus will be home to more than 210 advisers. Infocus ...