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Showing 121 - 130 of 130 results for asic shield

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
Keystone Asset Management will be liquidated, as ASIC investigates exactly what's happened to funds invested in the Shield Master Fund. Keystone Asset Management (KAM) was the responsible entity for the Shield Master Fund, the assets of which were ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... business has lost its Australian financial service licence (AFSL) following its failure to comply with licensee obligation. ASIC revoked the AFSL of Next Generation Advice (in liquidation) (Next Gen) after the Queensland Supreme Court ordered the company ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
The Federal Court has appointed new receivers and administrators to Keystone Asset Management, as ASIC attempts to identify where more than $100 million of investors' money has gone. The Federal Court appointed Jason Tracy and Lucica Palaghia of ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... the financing of the company and other key issues. "This misalignment threatened the viability of the group." Last month, ASIC obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund, a registered managed fund overseen ...

Court freezes assets of Keystone AM managed fund

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
The Australian Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund (Shield), a registered managed fund overseen by Keystone Asset Management. ASIC said it sought ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... the Shield Master Fund due to concerns about misleading statements and inadequate disclosures in the fund's documentation. ASIC issued interim stop orders against Keystone Asset Management, saying it cannot offer, issue, sell or transfer interests in ...

Advice practice valuations rise: Radar Results

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
... have transferred to another licensee. Birt sees a high demand for AFSLs, which, when dormant, can either be handed back to ASIC or sold to another party. Meanwhile, professional indemnity insurance can either be continued or commence on a new policy. ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... Shane Fitzgerald began the journey to try and transform the LIC into an ETMF. Unfortunately, their timing was in-line with ASIC's review of the ETMF sector and admission of new active ETFs and ETMFs was paused while ASIC completed its work. The regulator ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... perplexed the Commission is how could Australia's superannuation marketplace and financial system regulators APRA and ASIC have allowed a situation to develop where chronically underperforming super funds are able to continually defy gravity and ...

Trio liquidators deny deregistering fraud fund

ALEX BURKE  |  MONDAY, 15 JUN 2015
... massive transnational fraud. Not only would have the criminals avoided criminal prosecution due to the shear incompetence of ASIC but will now be finally let off the hook completely, in regards to restitution to the victims," he said. He added: "Only ...