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Showing 1171 - 1180 of 1277 results for "AFS"

End for scheme scamming Greek community

HAMISH MADDEN  |  FRIDAY, 2 FEB 2007
An unregistered managed investment scheme has been ordered into liquidation and its directors banned from carrying on a similar business after they raised over $2.5 million from investors, predominantly from Melbourne's Greek community. The Supreme ...

Mercer unveils web-based compliance for super funds

HAMISH MADDEN  |  TUESDAY, 30 JAN 2007
... with InterTextual in response to concerns raised by a number of its super fund clients that the dual compliance burden of AFS and RSE licensing was stretching resources and had ratcheted up their compliance risk. "Many funds indicated that they are operating ...

ASIC takes SMSF site offline

HAMISH MADDEN  |  WEDNESDAY, 20 DEC 2006
... Commission (ASIC). Online Super Legal agreed to shut down its website after ASIC raised concerns it was operating without an AFS license. The content was removed on 15 December. An investigation by ASIC also revealed the site was previously operated ...

Stringent orders for winding up of Sovereign fund

HAMISH MADDEN  |  THURSDAY, 14 DEC 2006
... arguing that Sovereign was not an appropriate entity to wind up the fund due to ASIC having commenced action to have Sovereign's AFS license revoked or suspended due to breaches of general compliance obligations. The court ordered that Sovereign be allowed ...

Another appointment in AFS restructure

HAMISH MADDEN  |  WEDNESDAY, 6 DEC 2006
Australian Financial Services Group (AFS) has appointed Wayne Turnbull as New South Wales and ACT regional manager. Turnbull's appointment comes as part of the group's strategic restructure flagged in November. The restructure is aimed at creating what ...

ANZ FP to focus on maintaining its muscle

HAMISH MADDEN  |  TUESDAY, 21 NOV 2006
It's been a good year for ANZ Financial Planning (ANZ FP) but general manager, Mike Goodall, said he would be shoring up the business model to leverage more success into 2007. Goodall said that the last 12 months had been fruitful for the business ...

Family banned by ASIC and AFSL revoked

HAMISH MADDEN  |  MONDAY, 13 NOV 2006
A South Australian family have been banned from providing financial services and have had their Australian Financial Services License (AFSL) revoked following an investigation by the Australian Securities and Investments Commission (ASIC). Australian ...

AFS begins restructure

HAMISH MADDEN  |  THURSDAY, 9 NOV 2006
Australian Financial Services Group (AFS) is about to undergo a major restructure that is designed to underpin the future success of the group. AFS chief executive officer, Peter Daly, said that the restructure was aimed at building a business model ...

ASIC bans Tweed but can't stop off-market traps

HAMISH MADDEN  |  FRIDAY, 3 NOV 2006
... making unsolicited offers to investors. Making an unsolicited offer to purchase shares on one's own behalf does not require an AFS license," said Jennifer O'Donnell, ASIC's executive director of compliance. ASIC has regularly issued warnings about Tweed's ...

AFS appoints new regional manager

HAMISH MADDEN  |  THURSDAY, 26 OCT 2006
Australian Financial Services (AFS) has announced the appointment of a new regional manager for Western Australia and South Australia. AFS chief executive officer, Peter Daly, welcomed Ken Blayney to the position, highlighting the importance of Western ...