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Showing 1 - 10 of 606 results for "Financial products"

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... provided with clear and accurate information. This case is an important reminder that many crypto products are financial products and that providers need to hold a licence," Longo said. "These proceedings should send a message to the crypto industry ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... its AFSL since 8 July 2008. The licence authorised JB Markets to provide financial product advice, deal in financial products, make a market in financial products and operate custodial or depository services for retail and wholesale clients. JB Markets ...

Class action building against GEMI Capital

ELIZA BAVIN  |  MONDAY, 15 APR 2024
MC Lawyers & Advisers has launched a class action investigation into claims of investor losses in various financial products issued by GEMI Asset Management. The law firm said investigations were targeting scenarios in which wholesale or sophisticated ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... such as BPS Financial and Bobbob, which also offered crypto-asset related products that it considered to be financial products. At the time, ASIC deputy chair Sarah Court said that offering a crypto-asset related product doesn't necessarily mean it falls ...

Hejaz awards technology mandate to wealth platform

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... governance (ESG) criteria. Openmarkets chief executive Dan Jowett said the business was proud to contribute to financial products that will create more options for Muslim investors across Australia. "Openmarkets solutions will enable Hejaz to grow its ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... which are "yet to be determined", including ASIC seeking injunctive relief against Mawhinney for dealing in financial products pursuant to section 1101B(1) of the Corporations Act. The claim also seeks to strike out three of the four representations ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... trust in finfluencers, but their advice can sometimes be misleading. Unauthorised finfluencers who promote financial products in the course of business without approval under section 21 of the Financial Services and Markets Act 2000 from an appropriate ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... Policy Week event, Kirkland said ASIC can only regulate crypto assets and businesses to the extent they involve financial products or services. "I want to emphasise, though, that the question as to whether a particular crypto asset or related product ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... class actions filed against a major bank. Instead, they covered superannuation, conduct in selling complex financial products, shareholder class actions, and data breaches. On 22 December 2023, a class action was filed against Rest alleging it signed ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... refundable accommodation deposits (RADs) as a form of payment from 2035, and raising awareness as to existing financial products that enable older people to use their wealth in retirement and in support of aged care costs. The Association of Superannuation ...
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