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Showing 1 - 10 of 102 results for %22AFSL Register%22

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... 169 investors, including for the development of a product by Kradle Software. During this time, MacroLend has not held an AFSL. In courting investors, ASIC claims Hodgson told them Kradle Software held intangible assets of $1.02 billion when it did not ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
ASIC has had its first court win in relation to cryptocurrency, with fintech Block Earner found to have offered a financial product to retail investors without a licence. However, it was a mixed outcome for the regulator, with another allegation quashed. ...

ASIC chases 757 adviser registrations

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... advice services." From February 16, those who are unregistered are in breach of a restricted civil penalty provision; the AFSL provider will have committed an offence of strict liability and contravened a civil penalty provision. Phil Anderson, the general ...

J.P. Morgan Asset Management enhances adviser portal

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... advisers and their clients changes from "what if" into "what to do" which is much more meaningful." Advisers with a valid AFSL can register for access now.

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... Harnam, Terence Murphy, Johann Preller, and David Sidhu. ASIC has now placed them on its public banned and disqualified register. They are not eligible to reapply for registration. Murphy requested that his disqualification be reviewed by ASIC. ASIC ...

Adviser registration deadline moves to February 16

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... significant consequences for unregistered financial advisers who continue to provide personal advice, together with their AFSL. "The provision of personal advice by unregistered advisers is prohibited and carries significant penalties," Kirkland said. ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... Markets, now in administration. He was also found to have continued to provide services through Veridian Markets after its AFSL authorisation was revoked. Pagliacco was found to have told prospective clients that his business could invest their funds ...

ASIC confirms adviser registration deadline

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
After receiving Royal Assent on November 27, ASIC is urging all financial advisers who service retail clients to register before the 1 February 2024 final deadline. From this date, advisers otherwise known as relevant providers who provide personal ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... specific courses, according to ASIC. The corporate regulator said it made a one-off update to the Financial Advisers Register on November 3 to record that individuals who are both a relevant provider and a registered tax agent on 20 September 2023 can ...

Former adviser lands in jail

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... January 2009 and April 2014, he was at Sentry Financial Planning. ASIC cancelled Platinum Perpetual Global Private Wealth's AFSL in September 2019 after Western Australian police charged him with eight counts of stealing at the time. On September 22 ...
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