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Showing 81 - 90 of 1904 results for "licensee"

ASIC acts against MWL, its director and lead generator

ANGELIQUE MINAS  |  THURSDAY, 13 NOV 2025
... promotion of Shield. ASIC believes Maikousis, as MWL director, was directly involved in alleged contraventions of its general licensee obligations, namely its obligation to ensure authorised representatives act in the client's best interests, and related ...

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON  |  THURSDAY, 13 NOV 2025
... the 3.75 stars it gave Shield. The regulator has also now commenced proceedings against SQM for its involvement. The licensee also failed to respond appropriately to the use of lead generators, namely Imperial Capital Group Australia and AGAT Business ...

ASIC cracks down on adviser CPD failures

ELIZA BAVIN  |  FRIDAY, 7 NOV 2025
Five financial advisers have been brought before the Financial Services and Credit Panel (FSCP) for failing to comply with their continuing professional development (CPD) requirements, ASIC said. The financial regulator convened multiple sitting panels ...

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
HESTA has paid $37,560 to comply with two infringement notices issued by ASIC for misleading statements. ASIC alleged the $100 billion super fund made misleading statements in paid advertisements about its commitment to removing carbon emissions investments. ...

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
Nearly two thirds of SMSFs established under the recommendations of a financial adviser are unsuitable to their needs and put retirement savings at risk, an ASIC review reveals. Of 100 financial advice files investigated, 62 failed to demonstrate compliance ...

Number of AFSLs plateaus: Rainmaker

ELIZA BAVIN  |  MONDAY, 3 NOV 2025
At end September 2025 there were 15,446 ASIC-registered financial advisers in Australia, according to the Rainmaker Financial Adviser report. Over the year to September, there was a decrease of 71 advisers, with 10 leaving the industry in the September ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... professionalism and competence, and a failure to act with the diligence expected of a director of a financial services licensee. However, ASIC said that his conduct was the result of carelessness and inadvertence rather than a deliberate course of action ...

Shield, First Guardian fallout calls for tougher scrutiny on research houses, licensee governance

MATTHEW WAI  |  FRIDAY, 24 OCT 2025
... step in the distribution process", Gosselin said. "This is because advisers, or more correctly their dealer group or licensee, insist on a fund having an acceptable research rating before they'll add it to their approved product list (APL), even though ...

ASIC targets potential vertical integration in managed accounts

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
... of AFSLs recommending and offering managed accounts to retail clients. "We will consider compliance with the general licensee obligations and advice conduct obligations. Our surveillance will focus on governance frameworks, management of conflicts of ...

MLC Expand targets time savings with new AI capabilities

MATTHEW WAI  |  THURSDAY, 16 OCT 2025
MLC's super and retirement platform, MLC Expand, is rolling out a slew of artificial intelligence (AI) automation tools that it says could save advice practices hundreds of hours per month. Over the coming months, MLC Expand is launching automation ...