Former wealth director sentenced over ‘persistent and wilful defiance’ of ban

ASIC/federal-court/enforcement/

Former wealth firm director Joshua Fuoco has been convicted of contempt of court, sentenced and permanently banned from being involved in financial services after breaching a 10-year ban.

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Sydney advice firms see AFSL cancellation

ASIC/Sydney/AFSL/

In its first FY26 action, ASIC has cancelled the AFSLs of two Sydney advice firms over their failures to pay industry funding levies.

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First Guardian RE directors see travel restraints order imposed

ASIC/court/

The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets.

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Which licensee has the largest share price growth of FY25?

licensees/share-price/australian-equities/equities/

For the 2025 financial year, all but one listed advice licensee has reported double-digit share price growth – but which licensee has seen the best performance and what activities have they enacted during the period?

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Insignia Financial bidder mulls latest takeover offer

insignia/insignia-financial/private-equity/

CC Capital, the last remaining player in the bid to acquire Insignia Financial, is still yet to finalise its offer, the firm has informed the market.

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Advisers identify platforms leading the field in 2025

platforms/research/financial-advice/technology/

The top-performing investment platforms of 2025 have been revealed in the latest Money Management Advice Tech Review Survey by Agile Market Intelligence.

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Evidentia Group confirms exec leadership team

lonsec/generation-development-group/managed-accounts/

Evidentia Group has confirmed its new executive leadership structure, having been formed from the merger between Evidentia and Lonsec Investment Solutions, to shape the future of managed accounts.

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Bitcoin ETFs on the rise, but advisers are skeptical

bitcoin/ETFs/crypto/cryptocurrency/

VanEck’s Bitcoin ETF has amassed $290 million in assets in its first year, but the ETF provider has said financial advisers remain skeptical of the asset.

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ASIC’s banning actions against advisers in FY25

ASIC/financial-advice/banning/exam/

Money Management rounds up actions ASIC took against advice individuals in FY25 from exam falsifications to dishonest conduct.

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Reliefs introduced to help licensees with reportable situations

ASIC/AFSL/enforcement/compliance/

Having proposed changes earlier this year, ASIC has clarified how it will support licensees with additional relief under the reportable situations regime.

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