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Showing 1 - 10 of 251 results for "Financial Services Law"

ASIC bans property wealth coach operating without licence

RIDDHIMA TALWANI  |  MONDAY, 11 MAY 2026
ASIC has permanently banned Queensland property developer Trent Simon Giumelli from providing financial services after he raised $48 million from members for real estate wealth coaching programs without a financial services licence. ASIC has accused ...

ASIC bans former adviser Rhys Reilly for 10 years

KARREN VERGARA  |  MONDAY, 13 APR 2026
Former financial adviser Rhys Reilly has been banned from working in financial services for 10 years for "serious misconduct" in which he flogged the First Guardian Master Fund in return for conflicted remuneration. ASIC's investigation into Reilly ...

ASIC hands down 10-year adviser ban

ELIZA BAVIN  |  THURSDAY, 9 APR 2026
... ASIC found Godfrey failed to comply with financial services laws; was involved in the contravention of a financial services law by another person; and was not a fit and proper person to provide financial services, perform functions as an officer of an ...

Adviser reprimanded over clients' loss of cover

JAMIE WILLIAMSON  |  THURSDAY, 26 MAR 2026
... notifying their licensee and arranging an insurance review. The panel determined the adviser had breached financial services law and therefore also didn't comply with Standard 5 (client care) or Standard 9 (quality process) of the Code of Ethics. ...

Former MWL Financial adviser banned for six years

ELIZA BAVIN  |  TUESDAY, 10 MAR 2026
... Terheci is not a fit and proper person, is not adequately trained or competent and is likely to contravene a financial services law," the regulator said. The banning order took effect from 25 July 2025. ASIC said Terheci has applied to the Administrative ...

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
... deemed high risk. Finding McPherson to be not fit, not proper and not competent, and likely to contravene financial services law again, ASIC imposed a four-year ban. McPherson is prevented from providing financial services, controlling an entity that ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... believes that Van Coppenhagen is not a fit and proper person, is not competent, and is likely to contravene financial services law. The banning order took effect from 16 December 2025. Van Coppenhagen's ban has been recorded on the Banned and Disqualified ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
ASIC has released a catalogue summarising key legal obligations and regulatory guidance for private credit fund operators, as the regulator continues to keep an eye on the sector. ASIC said the catalogue should assist private credit fund operators in ...

FX coaching platform handed additional conditions over compliance failures

MATTHEW WAI  |  WEDNESDAY, 26 NOV 2025
... timeframe. The consultant is also to consider LTT's procedures and frameworks to ensure compliance with financial services law and provide two reports on these matters to ASIC for the watchdog to determine if any further action is warranted. "Compliance ...

Metrics supports efforts to raise standards in private credit

RIDDHIMA TALWANI  |  THURSDAY, 6 NOV 2025
Metrics Credit Partners has strongly supported ASIC's calls for the private credit industry to deliver enhanced standards and says it looks to play a leading role in the process. ASIC's deep dive into the private credit sector revealed fund managers ...
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