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Showing 51 - 60 of 284 results for "Australian Financial Services Licence"

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... operated the unregistered managed investment scheme MyWealth Manager without holding an Australian Financial Services licence. According to ASIC, Mohammed operated the scheme from February 2017, raising around $7 million from more than 50 investors targeted ...

Senate creates committee on fintech, regtech

KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... allows the companies to test certain products or services for up to 12 months without an Australian financial services licence or credit licence. The Financial Planning Association of Australia welcomed the creation of this committee and expressed its ...

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
... conjunction with an undertaking from Aujla not to provide financial services, apply for either an Australian financial services licence or become an authorised representative of an AFSL for the full period. After the period ended, Aujla was authorised ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... to investors, a Mhor spokesperson said. Mhor Asset Management also filed to ASIC for its Australian Financial Services Licence to be cancelled. It charged a 1.5% p.a. management fee plus 15.38% performance fee on the amount by which it exceeded the returns ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator. ASIC released information sheet 240 to help guide for AFSLs affected ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence. The corporate regulator released consultation paper 315, which outlines its proposal to provide funds management relief by ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... issues with home referrals for SMSFs are not new. Last year the firm was forced to forego its Australian financial services licence after ASIC said it was concerned about the its ability to "do all things necessary to ensure the advice provided by its ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... the price of trading in, shares. ASIC found Cornford provided a financial service when the Australian financial services licence of Kaz Capital did not cover the provision of the service. ASIC imposed licence conditions on Kaz Capital in January this ...

ASIC suspends advice group AFSL

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
ASIC has suspended the Australian financial services licence of a Sydney-based financial advice group. Australasia Wealth Services and Management failed to obtain membership of the Australian Financial Complaints Authority (AFCA), therefore breaching ...