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Showing 821 - 830 of 5611 results for "ASIC"

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
ASIC issued two interim stop orders to Trademax Australia after it found the broker was relying on a poorly designed questionnaire which retail investors were able to attempt multiple times to determine they were in the target market. The business is ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
ASIC slapped a three-year ban on a former Life Plan FP financial adviser for failing to act in the best interests of clients and not being able to maintain "high standards". Gawad Nabi, who served as an authorised representative of Hobart-based Life ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... in her submission. Further, Kelareva advocated for alternative methods to qualify as a wholesale investor by completing an ASIC approved investor certification rather than by passing an income or asset test. "Allowing a certification to be used as an ...

ASIC issues experienced pathway guidance

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
ASIC has released new guidance for financial advisers who could potentially qualify as experienced providers and skip further education and training. The regulator today released Information Sheet 281 FAQS: Relevant providers - Accessing the experienced ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
ASIC has canned the AFS Licence (AFSL) of the asset management firm linked to a massive money-laundering operations. Everest Asset Management, which was licensed to service wholesale clients, will no longer be operational. ASIC said it revoked the AFSL ...

Spaceship appoints new chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
Spaceship has tapped a former ASIC and APRA operative to be its new chief risk officer. Maan Beydoun joined Spaceship this month in the role, following three years in a similar role at employee management software firm Flare HR. He brings over two decades' ...

BitConnect promoter pleads guilty

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... investment scheme after Bigatton pleaded guilty to the charge for which he is to be sentenced. Upon investigating Bigatton, ASIC estimated that BitConnect had a market capitalisation of over US$2.5 billion at the end of 2017. The scheme collapsed in ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... financial product or service" without approval from an FCA-authorised person may be committing a criminal offence. In Australia, ASIC has advised influencers that when discussing financial products and services online or promoting affiliate links, they ...

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... exercise any voting rights in Sequoia shares which they acquired on or after 31 March 2024 and such shares must be vested in ASIC for sale. In a separate letter dated May 10 and sent to all shareholders ahead of the EGM, Crole and Pattison, together ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
The Administrative Appeals Tribunal (AAT) has upheld ASIC's decision to permanently ban Sean Sweeney. In February 2023 ASIC banned Sweeney from providing any financial services, performing any function involved in the carrying on of a financial services ...