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Showing 101 - 110 of 1866 results for "broker"

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
iExtend has been granted an AFSL, after entering a court enforceable undertaking last year over concerns of unlicensed conduct. In November 2023, the life insurance startup entered a court enforceable undertaking after ASIC pinged it for possibly operating ...

New boutique launches private debt fund

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
Nero Private - a newly established boutique non-bank credit firm - has launched its first private debt fund, aimed at supporting Australian small and medium-sized enterprises (SMEs) while offering investors stable returns. Nero Private invests in credit-vetted ...

First Bitcoin ETF to launch this week on ASX

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... VBTC), which will list this Thursday, has come into being after an uptick in queries and requests from the adviser and broker community, following the US SEC approval of several Bitcoin ETFs. These US-domiciled ETFs, the largest of which is BlackRock's ...

CSLR makes inaugural payments

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... the company's managing director. More than $50,000 was paid to a couple from Queensland who were advised by a mortgage broker to take out a loan that was inappropriate for their circumstances. The victims exhausted all other avenues and waited up to ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
ASIC issued two interim stop orders to Trademax Australia after it found the broker was relying on a poorly designed questionnaire which retail investors were able to attempt multiple times to determine they were in the target market. The business is ...

Bell Financial Group launches Tandem Securities

ANDREW MCKEAN  |  TUESDAY, 14 MAY 2024
... in the Australian market, focusing on listed investment and trading solutions. A key milestone was the launch of Desktop Broker, which caters to wealth advisory firms, enabling them to offer trading and investment solutions to their clients. Concurrently ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... negatively to KKR's offer, with Perpetual's share price tanking over 7% yesterday and continuing to decline today. The broker attributed this to the announcement lacking critical details, such as the exact amount of proceeds shareholders will receive ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds. An overwhelming number of members are goaded into leaving ...

Superhero introduces $2 brokerage

KARREN VERGARA  |  MONDAY, 15 APR 2024
The trading platform today introduced a new pricing structure that charges investors $2 on all ASX trades for up to $20,000. Trades more than $20,000 incur a 0.01% brokerage fee. Superhero chief executive and co-founder John Winters credits the revised ...

Income AM bolsters sales function

ELIZABETH FRY  |  FRIDAY, 5 APR 2024
... client-focused fixed-income solutions to Australian investors and establishing a firm foothold as the pre-eminent fixed-income broker in Australia," she said. She said with the addition of these new appointments, IAM is well on the way to achieving that ...