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Showing 71 - 80 of 827 results for "AFSL"

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... the time, he was sole director and shareholder of Platinum Perpetual Global Private Wealth. In September 2019, the firm's AFSL was cancelled in September 2019 after he was charged over the conduct by Western Australia police. At that time, he was charged ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
ASIC has had its first court win in relation to cryptocurrency, with fintech Block Earner found to have offered a financial product to retail investors without a licence. However, it was a mixed outcome for the regulator, with another allegation quashed. ...

ASIC chases 757 adviser registrations

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... advice services." From February 16, those who are unregistered are in breach of a restricted civil penalty provision; the AFSL provider will have committed an offence of strict liability and contravened a civil penalty provision. Phil Anderson, the general ...

J.P. Morgan Asset Management enhances adviser portal

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... advisers and their clients changes from "what if" into "what to do" which is much more meaningful." Advisers with a valid AFSL can register for access now.

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
A duo who allegedly defrauded self-managed super funds (SMSF) have been charged by the Melbourne Magistrates Court with a string of criminal offences. The charges follow an ASIC investigation into the activities of Joseph Cullia and Zoran Markovic ...

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... different in that we have sought out an arrangement that legitimately enables us to engage with the industry before we get our AFSL." Sarkis said the AFSL "will further strengthen iExtend's offer to provide more Australians with the opportunity to ...

Sequoia strikes deal to acquire Clique Paraplanning

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
Sequoia Financial Group has acquired the business assets of Clique Paraplanning in cash on an earn out revenue multiple of about one. According to an ASX announcement, the deal comprised of $150,000 in cash and $60,000 in shares. The earn out and final ...

Dirigere Advisory rebrands to Intelligent Planning

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... distribution manager in the process. Intelligent Planning was launched on January 15 and operates under the same Dirigere AFSL. Advice firms partnered with Intelligent Planning include Beta Advice, Canberra-based Hayes & Co, and Perth-based NOR Financial. ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... commenced civil proceedings against Westpac for insider trading, unconscionable conduct, and breaches of its obligations as an AFSL. With the deal between the state government and the consortium signed at 7am, ASIC alleged Westpac knew by 8.30am - or ...

ASIC files contempt orders against repeat offender

CHLOE WALKER  |  MONDAY, 29 JAN 2024
... Fuoco was involved in carrying on a financial services business via five companies. These include State Advice, Ansa Finance, AFSL Group, About Advice, and Advice Now. ASIC is now seeking orders against Fuoco for contempt of court. If Fuoco is found ...