Day: March 20, 2024

The Financial Conduct Authority (FCA) has today written to the Chief Executives of financial advice firms asking them to review their processes when providing retirement income advice. The letter comes following the FCA’s thematic review of retirement income advice which examined how firms were providing advice. The review identified examples of good practice in the …

FCA asks Financial Advisers to review their processes in retirement income support Read More »

Check against delivery Good afternoon, everyone. Thank you for joining me – and thank you to Blockchain APAC for the invitation to speak today. I would like to begin by acknowledging the traditional owners and custodians of the land on which we meet today – the Gadigal people of the Eora nation. I pay my …

Crypto and digital assets: policy, regulation and innovation Read More »

The Federal Court has ordered Holista Colltech Ltd pay a penalty of $1.8 million for breaching its continuous disclosure obligations and making misleading representations regarding the sales of its sanitiser product, Natshield. On 9 April 2020, Holista announced to the ASX that Health Therapies LLC placed additional orders for 415,000 bottles of NatShield, said to …

Holista Colltech to pay $1.8 million penalty for breaching continuous disclosure obligations over the sale of its COVID product Read More »

ASIC has permanently banned QLD-based financial adviser Shane Rose from providing any financial services, performing any function involved in the carrying on of a financial services business, and from controlling an entity that carries on a financial services business. Between February 2021 and January 2023, while an authorised representative and responsible manager of Octillion Partner …

Financial Adviser and director Shane Allan Rose permanently banned Read More »

Data#3 Limited (Data3) has announced the restatement of its full year 2023 and half year 2022 financial reports following a review initiated as part of ASIC’s new financial reporting and audit surveillance program. ASIC raised concerns with Data3 regarding its revenue accounting policy in November 2023. Data3 subsequently changed its accounting policy to recognise revenue …

Data#3 announces change to accounting policy for indirect software revenue recognition following ASIC review Read More »

David Sipina of Croydon NSW has pleaded guilty to two criminal charges relating to his role at the Courtenay House group of companies. Mr Sipina appeared before the Downing Centre Local Court on 19 March 2024 and pleaded guilty to: one count of carrying on (with others) a financial services business without a license pursuant …

Third person pleads guilty in relation to Courtenay House Ponzi scheme Read More »