Perth-based fintech startup PictureWealth has announced two major moves in its efforts to expand its market reach, raising $12 million and acquiring financial services manager Neo Financial Solutions.
The Australian Securities and Investments Commission has banned Peter Jianchao Xu from providing financial services for five years, after surveillance showed Mr Xu providing improper advice to clients.
The Australian Securities and Investments Commission has agreed to an enforceable undertaking with local financial planner Neo Financial Solutions, after surveillance of the business raised concerns about risk management and compliance frameworks.
