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Showing 81 - 90 of 911 results for "Australian Financial Services"

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... relation to unregistered managed investment schemes or financial services being provided without an Australian financial services licence (AFSL). The balance was issues related to general licence obligations (36%), credit issues (15%) and other (10%). ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... administration and was ordered to be wound up in October 2024. UGC was based in Melbourne and had held an Australian financial services licence since 18 August 2017. This was cancelled upon Hewish's banning. However, the announcement of the ban and cancellation ...

Former adviser charged over clients' near $1m loss

MATTHEW WAI  |  WEDNESDAY, 30 JUL 2025
... dealing in derivatives without a licence. However, those plans were never fulfilled, and PWMS's Australian financial services licence (AFSL) was cancelled in August 2023, when Cuthbertson was also subsequently permanently banned. The matter has been ...

ASIC issues warning over BTG Technology

ELIZA BAVIN  |  MONDAY, 28 JUL 2025
... unlicensed financial products are unable to access important rights and protections available under Australian financial services laws such as internal dispute resolution processes or client money protections, should something go wrong," ASIC said. The ...

FSC explores if adviser licensing framework remains 'fit for purpose'

MATTHEW WAI  |  MONDAY, 28 JUL 2025
... the varied industry participants, the FSC said. The paper found that since the establishment of Australian Financial Services licence (AFSL) in 2001, it has "fostered trust and safeguarded the interests of Australians seeking financial advice." However ...

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... services for crypto assets that are financial products. These include the requirement to hold an Australian financial services licence (AFSL) or appropriate authorisation by an AFSL holder," ASIC said. "Entities providing services in relation to crypto-related ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... of a cyber-attack." "ASIC has been highlighting the cybersecurity responsibilities of companies. Australian financial services licensees, in particular, hold a range of sensitive and confidential information," he said.

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... Partners was a corporate authorised representative of Crown Wealth Group until last year when its Australian financial services licence (AFSL) was cancelled after the group was placed into voluntary administration. The reportable situations regime requires ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... continue to investigate where we identify potential misconduct or non-compliance." ASIC cancelled the Australian financial services licence of Brite Advisors after it failed to pay a compensation order upheld by the Australian Financial Complaints Authority ...

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... reason to believe that Rogan "is not a fit and proper person, is not competent to participate in the Australian financial services industry and is likely to contravene a financial services law." Rogan is also banned from performing any function within ...