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Showing 171 - 180 of 1665 results for "Register"

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... from October 2021 to December 2021 and then again between March 2022 and March 2023, however the ASIC Financial Adviser Register (ASIC FAR) was updated to remove the second appointment after the firm became aware of Vee's misconduct. He was previously ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... Implementation Statement (CRIS), amounts are based on the total number of relevant providers on the Financial Advisers Register (FAR) at the end of FY24 that amounted to 2766 AFS licensees (AFSL) with 15,371 advisers. Licensees will only pay the levy ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... maintain a high level of transparency of investigation and enforcement outcomes. This would include a searchable public register of civil or criminal outcomes that eventuate from reports of misconduct, and the outcomes of the regulators' handling ...

AAT mitigates adviser's permanent ban

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2024
... responsible manager Tony Bates a screenshot of the falsified exam statement. Bates then updated the Financial Advisers Register (FAR) to reflect a 'pass' result for Karamian. Karamian co-founded Bluepoint over 21 years ago, a self-licensed firm ...

ASIC calls out sloppy adviser data

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... its enforcement from August. AFSLs are making numerous errors when it comes to providing data on the Financial Advisers Register (FAR). This includes AFSLs confusing some advisers' qualifications as "approved" when they meant they were "approved" ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
The industry is urgently prioritising the recruitment of new advisers as those who remain bear the brunt of paying heftier levies that aggravate the costs of running a business and puts financial advice further out of reach for Australians. The latest ...

ASIC alerts licensees to experienced pathway deadlines

ANDREW MCKEAN  |  WEDNESDAY, 26 JUN 2024
... the qualifications standard and the professional year standard by making a written declaration. The Financial Advisers Register will not display whether a financial adviser is relying on the experienced provider pathway.

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... privacy and whistleblower protection laws, harmonising the current state-based laws to be national, establishing a national register of Powers of Attorney and development a standard identification, reporting and escalation framework. Financial abuse ...

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 ...

AFSLs undertake more reviews, lack risk documentation

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... results in a poor outcome, according to more than 50% of respondents. Nearly 20% of licensees do not have a documented risk register, while nearly 50% do not have a documented "risk appetite statement." While a risk appetite statement isn't required ...