Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 161 - 170 of 335 results for "Cancelled"

ASIC bans former Charter, NAB adviser

KANIKA SOOD  |  WEDNESDAY, 8 JAN 2020
... O'Brien's clients had their cover declined for pre-existing medical conditions after their existing insurance had been cancelled, leaving them uninsured," the regulator said. O'Brien was licensed by AMP for close to eight years, first through ...

Concerns over cancelled ASFL complaints

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
ASIC has cancelled the AFSL of KP International Group after the regulator suspended it earlier this year, but concerns remain. ASIC said after the suspension, KP International advised the regulator that all relevant officers of the company had resigned ...

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
... 327 new AFS licences and varied 495 AFS licences, of which 467 were approved with additional regulatory outcomes; we cancelled 342 AFS licences and suspended 11 AFS licences." ASIC also finalised 92 SMSF auditor applications - of which, 62 were received ...

Dover, McMaster found guilty

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
... 1041H or section 12DA. A further hearing is to be scheduled in regards to pecuniary penalties. Dover's AFSL was cancelled on 1 August 2018, following a letter from McMaster to ASIC requesting the immediate cancellation on July 6.

Perth adviser to face court

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
... Perpetual Global Private Wealth Pty Ltd has asked the Australian Securities and Investments Commission for its AFSL to be cancelled.

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
... trading. According to ASIC, Finclear realised its error after the close of trading day, informed the regulator, and cancelled the special crossing. The shares were trading on a cum-dividend basis at that time but the next day traded ex-dividend. Finclear ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... to 30 September 2016 so that Marigold Falconer could lodge an application for licence variation. In August 2016, ASIC cancelled the AFS licence of Marigold Falconer because it was unable to satisfy the regulator that it could obtain the appropriate insurance. ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... Further, the wealth manager received more than 440 requests for insurance to be reinstated by customers whose cover was cancelled from July 1 under the PYS changes. Again, AMP warned moves to cancel this insurance for a second time in a calendar year ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... reported that 50 financial service licensees subsequently obtained AFCA membership, four financial services licensees cancelled their licences voluntarily and four were cancelled or suspended by ASIC. Further, 131 credit licensees subsequently obtained ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...