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Showing 1041 - 1050 of 1277 results for "AFS"

Former company director pleads guilty to dishonest conduct

CLAIRE MCGREAL  |  THURSDAY, 6 OCT 2011
... Partners, Venture Capital Management, and Biotech Solutions. None of the companies held an Australian financial services (AFS) license at the time. Finnigan told investors that their money would be invested in shares, options, managed funds and property ...

AFS to focus on independent market

ELISE BURGESS  |  WEDNESDAY, 28 SEP 2011
... renews its focus with new products and restructure, including a new MDA facility. The Australian Financial Services Group (AFS) has come out in support of the future of the independent financial planning industry, saying it has a strong road ahead and ...

ASIC obtains Fed Court order to preserve funds

ELISE BURGESS  |  WEDNESDAY, 21 SEP 2011
... any invested cash within the fund after it found that neither the firm nor Travers held an Australian financial services (AFS) licence, despite the fact they are offering investment opportunities in contracts for difference, spread betting and foreign ...

ASIC surveillance sharpens focus on AFS licensees

MATT WOODINGTON  |  TUESDAY, 13 SEP 2011
... adequately cover all products and services they advise upon. "The review has enabled ASIC to continue to engage with the largest AFS licensees and provide them with individual feedback to assist with assessment of risks in their business," said Medcraft. ...

AFS prepares for FOFA with new hire

RACHEL DAVIS  |  THURSDAY, 8 SEP 2011
... appointed a regional manager for NSW & ACT who will also lead their FOFA ready program. Australian Financial Services Group (AFS Group) has appointed Richard Liverpool to the position of regional manager for NSW & ACT. Liverpool will have the dual responsibility ...

WA adviser receives jail sentence and reparations

RACHEL DAVIS  |  MONDAY, 5 SEP 2011
... A reparation order of $1.7 million was also made. On 26 September 2008, ASIC suspended the Australian financial services (AFS) licence of Concentric Wealth Management (CWM) following the appointment of a receiver and manager. Mr Mark Travis Goldenberg ...

Opus licence decision overturned

RACHEL DAVIS  |  FRIDAY, 2 SEP 2011
... Wednesday, 31 August 2011 that the AAT had erred in its opinion of tangible assets that comply with the NTA requirement of the AFS licence held by Opus. 'The Federal Court's decision reinforces the integrity of the financial requirements for AFS licensees ...

FSC insurance churn action divides planners

MATT WOODINGTON  |  FRIDAY, 5 AUG 2011
Financial advisers fear that new measures from the Financial Services Council aimed at reducing churn in the insurance market will lead to some penalties for acting in the best interest of a client. Financial Services Council (FSC) chief executive officer ...

Industry uncertainty limits MDAs

ELISE BURGESS  |  THURSDAY, 28 JUL 2011
Lack of compliance understanding and industry-wide consensus is hindering advisers from using managed discretionary accounts to their full potential, but new reforms may soon push them into the spotlight, said Institute of Managed Accounts Providers. ...

Advisers expect profits to climb 10pc despite FOFA

ELISE BURGESS  |  MONDAY, 25 JUL 2011
Advisers expect profits to climb by 10% in the next financial year with optimism within the industry at record high levels, despite talk of regulatory doom and gloom plaguing its future. The Macquarie Practice Consulting's 2011 Financial Planning Practices ...