ASIC cancels license of Michael James Haley
Australian Financial Services (AFS) licensee Michael James Haley has been banned from providing financial advice by the regulator after he was found to have ceased to carry on a financial services business.
The Australian Securities and Investments Commission (ASIC) said Haley had held an AFS license as an individual since March 2004 but did not currently work at or in a financial services business.
Haley’s license cancellation was effective as of 1 November 2017.
Recommended for you
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.
As financial advisers enter the new year, Assured Support shares eight strategies to help advice businesses thrive through focused and consistent planning.
Insignia Financial has received a takeover bid from a second US firm, topping Bain Capital’s offer with a bid of $4.30 per share.
As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024.