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A busy Q1 for ASIC advice action

As the first quarter of 2024 comes to a close, Money Management looks at the corporate regulator’s bans and AFSL cancellations in the financial advice sector. ....

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How inappropriate advice led to NextGen's liquidation

How inappropriate advice led to NextGen's liquidation
moneymanagement.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymanagement.com.au Daily Mail and Mail on Sunday newspapers.

Joseph Loebenstein , Australian Financial Complaints Authority , Wjv Drakoulis Super Fund , Wjv Drakoulis Super Pty Ltd , Money Management , Drakoulis Super Pty Ltd , Drakoulis Super Fund , Federal Court , Loebenstein Insolvency ,

NextGen sees AFSL cancelled by ASIC

ASIC has cancelled the Australian financial services licence of NextGen Financial Group, following the Federal Court’s order in November for the firm to be wound up in insolvency. ....

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NextGen Financial Group enters liquidation

NextGen Financial Group has formally entered into liquidation after losing a Federal Court case regarding an unpaid $270,000 Australian Financial Complaints Authority determination. ....

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NextGen Financial Group to be wound up

After seeing dwindling numbers of advisers and losing a Federal court case regarding an unpaid AFCA determination, NextGen Financial Group is to be wound up. ....

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