https://financialnewswire.com.au/financial-planning/mortgage-brokers-accountants-warned-on-unlicensed-advice/ A specialist news site for financial advisers, fund managers, superannuation executives and suppliers. Fri, 20 Feb 2026 02:19:48 +0000 hourly 1 https://wordpress.org/?v=6.9 https://financialnewswire.com.au/financial-planning/mortgage-brokers-accountants-warned-on-unlicensed-advice/#comment-8932 Fri, 20 Feb 2026 02:19:48 +0000 https://financialnewswire.com.au/?p=164499#comment-8932 Pretty telling how it takes a industry body to call this out, all the while ASIC sit on their hands and do nothing about unlicensed advice. If ASIC can google those financial planning firms using lead generation, then surely identifying property spruikers is 10 times easier.

]]> https://financialnewswire.com.au/financial-planning/mortgage-brokers-accountants-warned-on-unlicensed-advice/#comment-8931 Fri, 20 Feb 2026 02:12:12 +0000 https://financialnewswire.com.au/?p=164499#comment-8931 All very relevant but it’s still crazy that property itself is exempt from the laws relating to financial product advice. Unlicensed cowboys can legally advise people to spend their life savings and 10x that in debt to purchase an asset while having no obligation to act in their best interests. They can also take commissions on the transaction…somebody make it make sense.

]]> https://financialnewswire.com.au/financial-planning/mortgage-brokers-accountants-warned-on-unlicensed-advice/#comment-8930 Thu, 19 Feb 2026 20:52:57 +0000 https://financialnewswire.com.au/?p=164499#comment-8930 ASIC do nothing

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