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Showing 91 - 100 of 142 results for "AFS licence"

ASIC reviews One Big Switch, bans adviser

DARREN SNYDER  |  TUESDAY, 30 JUN 2015
... company did not hold an Australian financial services (AFS) licence. Following ASIC concerns, the company applied for an AFS licence. Kemp Strang Lawyers will undertake a further review of One Big Switch and report to ASIC by the end of September 2015. ...

Wealthsure to cancel AFS licence

LAURA MILLAN  |  FRIDAY, 1 MAY 2015
Wealthsure Group will request for its Australian Financial Services (AFS) licence to be cancelled, following the acquisition by Sentry Group. Wealthsure (WPL) has already transferred some of its authorised representatives to Wealthsure Financial Services ...

Unlicensed Torquay adviser gets 7 year ban

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... holding an Australian financial services (AFS) licence. Later, it traded on behalf of retail clients when it held an AFS licence for the provision of services to wholesale customers only. At least three clients lost a combined total of over $38,000 through ...

ASIC cracks down on advisers over PI insurance

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
The Australian Securities and Investments Commission (ASIC) has cancelled seven Australian financial services (AFS) licenses that did not comply with professional indemnity (PI) insurance obligations. The review targeted licensees which had not requested ...

ASIC obtains court orders against former Ballast adviser

LAURA MILLAN  |  THURSDAY, 24 JUL 2014
... its licence cancelled by ASIC in April 2011. After that, Joyner continued to provide financial services without an AFS licence. He engaged in dishonest conduct that was both deliberate and persistent over a period of three years in relation to four clients ...

ASIC cancels 8 AFSLs after review

LAURA MILLAN  |  TUESDAY, 22 JUL 2014
Eight advice businesses have had their Australian financial services (AFS) licenses cancelled after an Australian Securities and Investments Commission (ASIC) review into licensees that failed to lodge audited annual statement. The review has resulted ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... advisers may not realise that they may be carrying on a business of providing financial product advice and may need an AFS licence." ASIC will also be looking at SMSF seminars and, if it identifies breaches, "regulatory action will be sought and we will ...

ASIC cancels two more AFSL licences

LAURA MILLAN  |  MONDAY, 28 APR 2014
... loans saw $85 million distributed to 1,200 investors. In April 2014, Banksia Mortgages applied to ASIC to cancel its AFS licence to minimise ongoing costs to investors and to allow it to transfer money to Banksia Securities Limited. Most investors in ...

ASIC cancels Capital Advisers' licence

LAURA MILLAN  |  THURSDAY, 13 FEB 2014
... Advisers was placed into liquidation. Capital Advisers previously traded under the name Freeman Fox Pty Ltd and its AFS licence authorised it to advise on a range of products to retail clients. The company went into external administration on 7 January ...

ASIC winds up insolvent derivatives issuer

MARK SMITH  |  TUESDAY, 9 JUL 2013
... enough cash to repay 270 clients in full, it held net tangible assets of less than $500,000 and was in breach of its AFS licence requirements. ASIC cancelled Apex's AFS licence on 20 February 2013. Daniel Walley and Scott Pascoe of PPB Advisory have ...