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Showing 201 - 210 of 901 results for "Australian Financial Service"

Judgement delivered in binary options fraud

ALLY SELBY  |  FRIDAY, 19 JUN 2020
The Federal Court of Australia has slapped a trading company with a $1.8 million fine, while two people have been barred from financial services for their involvement in the fraudulent binary options scheme. The judgement comes following findings made ...

Calls for overhaul of AFSL system

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
The Financial Planning Association of Australia (FPA) wants a professional registration for individual advisers to replace the current system. Currently, an Australian financial services licence (AFSL) is required to provide advice. FPA chief executive ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
ASIC has cancelled the Australian financial services licenses of Western Australia-based, Personal Risk Management and Melbourne-based Australian Golden Securities ASIC said Personal Risk's cancellation took effect on 21 May 2020, after the company ...

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Litigation funders will be regulated under the Corporations Act and required to hold an Australian financial services licence, Treasurer Josh Frydenberg announced today. The Treasurer said the government wants litigation funders to be subject to greater ...

Recruitment, salaries slide in financial services

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
"What a difference a pandemic makes," Kaizen Recruitment noted in an update on the state of recruitment activity in Australian financial services. Kaizen found that while clients pushed ahead with filling essential talent gaps and some have attempted ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
An AFSL holder asked the court to review its entreaty to ASIC to waive industry funding levy for services that it was licensed to offer but did not. Polymath Investors acquired an Australian Financial Services Licence in 2010 to work with wholesale ...

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
ASIC has been forced to delay several major pieces of its regulatory workload in order to effectively deal with the challenges of COVID-19. The corporate regulator has deferred several significant regulatory projects which were set to shake up financial ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
ASIC has cancelled the AFSLs of three firms, including that of former advice dealer group MyPlanner. The regulator has cancelled the Australian financial services licence of the licensee formerly known as MyPlanner Australia. The Gold Coast-based licensee ...

Investment manager criminally charged

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
The Australian arm of a global investment management company has been charged with breaching client money obligations. Societe Generale Securities Australia (SGSA) is facing criminal charges in Sydney on two counts of failing to pay client money into ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
Overseas fund managers are set to be exempt from requiring an Australian financial services licence for the purposes of convincing professional investors to become a client. Under ASIC's newly released foreign financial services provider regulatory ...