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Showing 81 - 90 of 130 results for asic shield

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

MATTHEW WAI | FRIDAY, 24 OCT 2025

... oversight to ensure the accuracy and independence of fund research," he argued. "A research house should have an AFSL issued by ASIC, but to date there is a relatively light touch approach from ASIC to ensure the accuracy and independence of their reports ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN | THURSDAY, 23 OCT 2025

ASIC has banned Melbourne-based financial adviser Jovan Videkanic 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 slaps MWL adviser with ban over Shield involvement

MATTHEW WAI | WEDNESDAY, 22 OCT 2025

ASIC has banned Wade Spooner of Melbourne for eight years for advising his clients to invest their superannuation into the Shield Master Fund while he was an authorised representative of MWL Financial Services. Spooner, also a member of MWL's investment ...

Feature: Compliance | Passing the buck

ELIZA BAVIN | WEDNESDAY, 15 OCT 2025

... may be distributable to unitholders. At a recent parliamentary hearing, Australian Securities and Investments Commission (ASIC) chair Joe Longo 01 described the situation as being on an "industrial scale". "This is a very sophisticated, coordinated series ...

ASIC seeks compensation for Shield victims from EQT

ELIZA BAVIN | MONDAY, 13 OCT 2025

ASIC has updated its Statement of Claim in the proceedings against Equity Trustees (EQT) to include a claim for compensation for losses incurred by members of the AMG Super and Super Simplifier platforms who invested in Shield Master Fund. This is in ...

ASIC helping with law reform over Shield, First Guardian

ELIZA BAVIN | FRIDAY, 10 OCT 2025

ASIC chair Joe Longo has told a Senate estimates hearing that the corporate regulator is working closely with Treasury and the government on law reform in the wake of the Shield Master Fund and First Guardian Master Fund collapses. Longo said high risk ...

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA | WEDNESDAY, 8 OCT 2025

Too many auditors are failing the independence test and breaching conflicts of interest obligations, according to an ASIC investigation. A review of 15 audit firms saw nine did not meet rotation requirements while five of them had "relevant relationships" ...

Platform trustees told to improve investment governance

JAMIE WILLIAMSON | TUESDAY, 7 OCT 2025

... identify steps that can be taken to prevent events like First Guardian and Shield from happening again, including asking ASIC whether current financial resource settings for managed investment schemes remain appropriate. "It's disappointing that these ...

Macquarie Wrap removes dozens of funds

JAMIE WILLIAMSON | WEDNESDAY, 1 OCT 2025

... five Platinum funds, multiple Pengana offerings, and the La Trobe Private Credit Fund which was recently subjected to an ASIC interim stop order. Others include the Melior Australian Impact Fund, WaveStone Australian Share Fund, Bennelong Australian ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI | FRIDAY, 26 SEP 2025

... remains a destressing time for many investors not covered under this action. "As minister I am also engaging regularly with ASIC, my department, and with key industry stakeholder groups on how we can work together with the sectors to implement sensible ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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