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Showing 91 - 100 of 764 results for %22AFSL%22

Former Courtenay House director pleads guilty

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
... one charge of carrying on an unlicensed financial services business, as neither of the Courtenay House companies held an AFSL. The liquidators of Courtenay House Capital Trading have distributed dividends of 28 cents in the dollar, and the process is ...

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The Financial Planning Association of Australia's (FPA) membership has fallen to 10,954 members from 11,811 last year, and the association has recorded a before-tax deficit of $1.2 million for the year ended June 30. FPA member numbers decreased ...

Scientiam, DASH launch easy fund exit service

CASSANDRA BALDINI  |  WEDNESDAY, 2 NOV 2022
Scientiam has partnered with DASH Technology Group to launch a transition service that assists advisers in getting their C and D clients out of underperforming funds. The Scientiam Transition Service, available at no cost until the end of the year ...

Breach reporting improvements needed: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
... 74% of the reports received came from the same 23 licensees, which were typically larger; just 9% of reports came from an AFSL with less than $50 million in revenues. ASIC said this is significantly less than anticipated and suggests some licensees don't ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
CommSec and AUSIEX will pay the largest penalty ever handed down for breaches of Market Integrity Rules. CommSec has been ordered to pay $20 million while AUSIEX will pay $7.12 million for systemic compliance failures over a nine-year period. In a case ...

ASIC dishes out permanent ban to 'lifestyle' adviser

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
... Register shows that between 2010 and 2015 Reynolds was licensed by Westpac. He then moved to Dover Financial Advisers until its AFSL was cancelled in July 2018. Then, more than a year later, he became licensed by Interprac Financial Planning before ceasing ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
ASIC imposed banning orders on Quantum Funds Management managing director Peter Gribble for failing to pay $2.5 million in Australian Financial Complaints Authority determinations. Gribble is banned from controlling a financial services business or ...

Former financial adviser pleads guilty

CASSANDRA BALDINI  |  TUESDAY, 20 SEP 2022
... of Picture Wealth and four clients. At the time of offending, Wertheimer was not authorised by Picture Wealth or any other AFSL to provide financial services to clients. The first charge carries a maximum penalty of five years imprisonment, the second ...

Ex-Synchron boss appointed head of Libertas

CASSANDRA BALDINI  |  WEDNESDAY, 14 SEP 2022
... Interprac as the initial national practice manager, before moving to the NTAA and helping establish the SMSF Advisers Network AFSL, sees him come to Sequoia with a good feel already for our business. "Knowing the quality of Phil's work and premium ...

Monochrome obtains crypto asset AFSL

ANDREW MCKEAN  |  TUESDAY, 16 AUG 2022
Monochrome Asset Management has joined a select few Australian asset managers receiving authorisation under an AFSL to offer retail investors fully regulated and direct insured exposure to crypto assets. Monochrome's responsible entity partner, Vasco ...