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ASIC roundup: Greenwashing, unlicensed conduct and cancelled license

A general view of the Melbourne city skyline
Photo: Robert Cianflone/Getty Images

The Australian Securities & Investments Commission’s latest actions, July 24 – 28, 2023.

Imposed conditions on Shartru Wealth Management – July 28, 2023

Shartru Wealth Management Pty Ltd (Shartru) has been found not to have been properly monitoring and supervising its representatives, and ASIC has therefore imposed additional conditions on its Australian financial services (AFS) license. Some of the company’s financial advice was also found failing