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Showing 1 - 10 of 427 results for "Financial Services Business"

AAT shortens financial adviser's five-year ban

KARREN VERGARA  |  WEDNESDAY, 1 JUL 2026
... took effect on 28 November 2025. Henry was also banned from controlling an entity that carries on a financial services business and performing any function involved in the carrying on of a financial services business, such as an officer, manager, employee ...

ACCC approves Magellan, Barrenjoey merger

KARREN VERGARA  |  MONDAY, 15 JUN 2026
The Australian Competition and Consumer Commission (ACCC) has greenlit the merger between Magellan Financial Group and Barrenjoey Capital Partners. The deal, which has an implied valuation of $1.6 billion, is expected to finalise in early July. The ...

Former Brite Advisors responsible manager banned

VINNY VUCAGO  |  WEDNESDAY, 10 JUN 2026
... ban, which took effect of June 3, prevents Duffy from providing financial services, controlling a financial services business, or performing any function involved in the operation of such a business. ASIC said its decision followed a hearing before an ...

Heightened cyber threats require greater accountability on governance

MATTHEW WAI  |  WEDNESDAY, 27 MAY 2026
Cyber threats have increased significantly over the past year, and experts are advising financial services businesses to enhance their security framework, not only to shield their digital infrastructure but to also to ensure their governance policies ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI  |  FRIDAY, 22 MAY 2026
Latest findings from the Australian Financial Complaints Authority (AFCA) show that despite frameworks existing for consumer hardship, weaknesses arise in how those policies were implemented in practice. The eighth edition of the Systemic Issues Insight ...

Former adviser jailed over $2m SMSF investment scheme

VINNY VUCAGO  |  WEDNESDAY, 13 MAY 2026
... to five and a half years imprisonment after admitting to dishonest conduct, operating an unlicensed financial services business and dealing with proceeds of crime tied to $1.97 million in investor funds. The County Court of Victoria sentenced the Hoppers ...

ASIC bans property wealth coach operating without licence

RIDDHIMA TALWANI  |  MONDAY, 11 MAY 2026
... Giumelli contravened the law by operating unregistered managed investment schemes (MIS) and carrying on a financial services business without an Australian financial services license (AFSL) for eight years. He invested the finances raised across 27 projects. ...

ASIC bans another former MWL adviser

ELIZA BAVIN  |  THURSDAY, 23 APR 2026
... financial adviser John Morgan 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 for five years. ASIC found Morgan ...

MAX Awards 2026 finalists revealed

STAFF WRITER  |  TUESDAY, 21 APR 2026
Voting is now open for the 2026 Financial Standard MAX Awards. The finalists for the 2026 MAX Awards have been selected across 19 categories. The MAX (Marketing, Advertising and Sales Excellence) Awards shine a light on individuals and teams excelling ...

ASIC hands down 10-year adviser ban

ELIZA BAVIN  |  THURSDAY, 9 APR 2026
... will see Godfrey 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, under ss920A and 920B of the Corporations ...
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