Business
ASIC suspends financial planning practice license for lack of PI – Money Management
News summary.
Perth-based financial advice firm, Ballast Financial Management has had its Australian Financial Services License (AFSL) suspended by the Australian Securities and Investments Commission (ASIC) for at least 10 weeks during which it can seek to obtain professional indemnity (PI) insurance.
ASIC said the Ballast AFSL had been suspended because it had ceased to carry on a financial services business because of its failure to obtain professional indemnity insurance.
The regulator said the 10-week …
-
Noosa News19 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General19 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate
-
Noosa News5 hours agoMotorcyclist dies in crash with truck
-
General21 hours agoPerth man charged after investigation into organised crime and tobacco store attacks