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Showing 1 - 10 of 134 results for "Financial product advice"

ASIC reviews AFSLs over finfluencer concerns

ELIZA BAVIN  |  FRIDAY, 24 APR 2026
... "Finfluencers must either hold an AFS licence or operate as an authorised representative to legally provide financial product advice or arrange for their followers to deal in financial products," Kirkland said. "When viewing financial content on social ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... Treasury believes there is some uncertainty about whether lead generation activities constitute "dealing or financial product advice" and this is dependent on the facts and circumstances of the individual case. Lead generation activities that occur at ...

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
... financial advice. The report also suggested that aged care financial advice be classified as Personal Financial Product Advice under the Corporations Act. This would ensure that providers are required to have an AFSL. The paper also recommends introducing ...

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... conflicted remuneration provisions. "Conflicted remuneration has the potential to cause consumers to be given financial product advice that is weighted to the provider's interests and may not suit consumers' needs." The court has ordered RM Capital and ...

ASIC takes action on Spice Capital Partners, founder

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... against Spice Capital Partners and its founder Colin Oxlade for providing unlicensed financial services and financial product advice that ultimately raised nearly $2 million from investors. ASIC alleges that Oxlade, who is also the chief executive of ...

FX coaching platform handed additional conditions over compliance failures

MATTHEW WAI  |  WEDNESDAY, 26 NOV 2025
... consultant to review the business. LTT was granted an AFSL in January 2010, enabling the business to provide financial product advice about derivatives, foreign exchange contracts and securities to retail and wholesale clients. It was founded by the ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... on any business related to financial products or financial services. This is in addition to providing financial product advice, dealing in financial products, or marketing superannuation or managed investment scheme products. Justice Moshinsky said he ...

Sequoia resumes trading after ASX query

ELIZA BAVIN  |  WEDNESDAY, 30 JUL 2025
... representatives of InterPrac. ASIC said certain authorised representatives of Venture Egg provided personal financial product advice to consumers who invested in the Shield Master Fund and the First Guardian Master Fund.

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
... of Smart Financial, which has offices in Warilla and Nowra in New South Wales. According to ASIC, the financial product advice the unregistered adviser dealt in here related to superannuation. Meanwhile Skye Money is the AFSL behind Skye Wealth, which ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... investigations concerning the two funds. Certain authorised representatives of FSGA provided personal financial product advice to consumers who invested in the Shield Master Fund and the First Guardian Master Fund. ASIC said it cancelled FSGA's licence ...
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