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Showing 1 - 10 of 432 results for "Financial Services business"

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
... Brookes' banning took effect on July 15. He is prohibited from controlling an entity carrying on a financial services business and from performing any function involved in operating such a business, including as an officer, manager, employee or contractor. ...

Another MWL adviser banned over Shield collapse

RIDDHIMA TALWANI  |  THURSDAY, 16 JUL 2026
... Financial adviser Nicole Niu 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 a period of five years. Niu ...

ASIC seeks to wind up Capital Guard AU

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
... clients build robust portfolios." The company held an AFSL since 15 August 2017, however the previous financial services business was sold in 2024 to its current management. Capital Guard's website is now inactive. Victims on customer review platform ...

ASIC cancels Trive Financial's AFSL as review into CFDs continues

VINNY VUCAGO  |  FRIDAY, 10 JUL 2026
... issuer Trive Financial Services Australia, after determining the company was no longer carrying on a financial services business in Australia. The licence cancellation took effect on July 1 and has been recorded on ASIC's Professional Registers. Trive ...

ASIC cancels AFSL of Capital Guard over fake bond sale

ELIZA BAVIN  |  FRIDAY, 3 JUL 2026
... based on findings including misleading or deceptive conduct, dishonest conduct in connection with its financial services business, and failures in compliance, supervision and resourcing. ASIC found Capital Guard used or caused to be created a fake bond ...

Tribunal 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 ...
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