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Showing 141 - 150 of 935 results for "AFSL"

ASIC cancels AFSL of foreign exchange contracts issuer

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... out supervisory arrangements. ASIC's investigation also found that FXOpen AU failed to comply with its obligations as an AFSL holder, including maintaining competence to provide financial services covered by the licence, complying with the 'key person' ...

ASIC launches new AFSL portal

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... digital portal for licensing which includes the ability to apply for, maintain and vary Australian financial services licences (AFSL). The new AFSL portal was launched on August 12 for a limited, invitation-only group. All AFS licensees and applicants ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... payment of compensation, while the PII "operates in the background". "We don't have visibility over PII. So, it's the AFSL that is responsible. Having said that, there are circumstances where the PII won't pay for various reasons, and we ...

Court rejects former fund manager's appeal

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... fraud under s408c of the Queensland Criminal Code and that he operated a financial services business without as AFS licence (AFSL). On 10 August 2021, his legal representatives filed an application seeking orders that the pleas of guilty be set aside. ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... Storehouse - the investment manager of the Storehouse Residential Trust and associated entities. Build Your Wealth's AFSL operated from September 2020 to December 2023. Luff also ran Active & Ethical Financial Solutions trading as Vivid Advisory ...

Advisers shun major institutions, 500 exit: Rainmaker

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... advisers. They lost 6.1% of their adviser workforce during the period. In all, 1197 financial advisers registered with a new AFSL in FY24. The five AFSLs attracting the lion's share were Alliance Wealth, Interprac, Shaw and Partners, Synchron Advice ...

ASIC hits Melbourne adviser with travel ban

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... (QLD). Wealth Effect Advisory is an Australian financial services licensee of which King is a director. King has held an AFSL since 2007 and was previously licensed under Principal Financial Group and Total Financial Solutions.

ASIC permanently bans Queensland adviser

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
... services, or manage or control those who do," ASIC said. Abdalla first gained his Australian Financial Services Licence (AFSL) in 2016 but has not held an AFSL since August 2019. According to the ASIC Financial Adviser Register, Abdalla was an authorised ...

Clime chief executive resigns

KARREN VERGARA  |  MONDAY, 15 JUL 2024
... announced last year it will partner with Godfrey Pembroke's Practice Development Group (PDG) to consolidate operational and AFSL services to create a new entity providing back-office services to their financial advice networks - but it fell through. ...