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Showing 71 - 80 of 424 results for "Financial Services business"

Court rejects former fund manager's appeal

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... allegation of five counts of fraud under s408c of the Queensland Criminal Code and that he operated a financial services business without as AFS licence (AFSL). On 10 August 2021, his legal representatives filed an application seeking orders that the ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... exchange contracts. The directors, Shay Zakhaim and Anthony Anderson, have been banned from running a financial services business as directors or as responsible managers for three and five years, respectively. ASIC cancelled XTrade's Australian Financial ...

ASIC permanently bans Queensland adviser

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
... banned from providing any financial services, performing any function involved in the carrying on of a financial services business and from controlling an entity that carries on a financial services business. ASIC found Abdalla, as the general manager ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... as Dash Vee, is banned from providing financial services, controlling an entity that carries 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 ...

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
... the disclosure orders that had been made and adjourned the matter. United Global is an Australian financial services business based in Melbourne which has held and Australian financial services license since 18 August 2017. The company described itself ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... following his conviction for fraud offences last month. This prohibition extends to any role within a financial services business, including positions as an officer, manager, employee, or contractor. However, he has the right to appeal to the Administrative ...

BitConnect promoter pleads guilty

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... Corporations Act, which is the provision of financial services on behalf of a person who carries on a financial services business. He promoted The Lending Platform as an investment opportunity and to participate, investors had to acquire BitConnect coin ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... Sweeney from providing any financial services, performing any function involved in the carrying on of a financial services business, and controlling an entity that carries on a financial services business. ASIC permanently banned the former NSW based ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... Philip Dzawo of Melbourne is permanently banned from performing any function related to running a financial services business and from controlling an entity that carries on a financial services business. ASIC found Dzawo had "dishonestly attempted to ...

ASIC issues warning over scammers using fake AFSLs

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
ASIC has issued a fresh warning over the increase in the sophistication of fake bond and term deposit scams. ASIC said scammers are impersonating little-known legitimate financial services businesses, often those without a website or digital footprint. ...