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Showing 81 - 90 of 689 results for "Financial products"

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... 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 must understand their legal obligations. This includes determining ...

Calls for a simplified path to financial advice

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... taxation, financial regulation, ethics, and professionalism are necessary for anyone advising consumers on financial products, she added. The proposals aim to reduce the number of core knowledge areas required for everyone while increasing flexibility ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... thresholds. We point out the DDO regime has been an absolute game changer when it comes to the regulation of financial products, because it moves the focus from their wholesale investor test to the appropriateness of the financial product," Huckel said. ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... provided with clear and accurate information. This case is an important reminder that many crypto products are financial products and that providers need to hold a licence," Longo said. "These proceedings should send a message to the crypto industry ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... its AFSL since 8 July 2008. The licence authorised JB Markets to provide financial product advice, deal in financial products, make a market in financial products and operate custodial or depository services for retail and wholesale clients. JB Markets ...

Class action building against GEMI Capital

ELIZA BAVIN  |  MONDAY, 15 APR 2024
MC Lawyers & Advisers has launched a class action investigation into claims of investor losses in various financial products issued by GEMI Asset Management. The law firm said investigations were targeting scenarios in which wholesale or sophisticated ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... such as BPS Financial and Bobbob, which also offered crypto-asset related products that it considered to be financial products. At the time, ASIC deputy chair Sarah Court said that offering a crypto-asset related product doesn't necessarily mean it falls ...

Hejaz awards technology mandate to wealth platform

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... governance (ESG) criteria. Openmarkets chief executive Dan Jowett said the business was proud to contribute to financial products that will create more options for Muslim investors across Australia. "Openmarkets solutions will enable Hejaz to grow its ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... which are "yet to be determined", including ASIC seeking injunctive relief against Mawhinney for dealing in financial products pursuant to section 1101B(1) of the Corporations Act. The claim also seeks to strike out three of the four representations ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... trust in finfluencers, but their advice can sometimes be misleading. Unauthorised finfluencers who promote financial products in the course of business without approval under section 21 of the Financial Services and Markets Act 2000 from an appropriate ...