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Showing 221 - 230 of 880 results for "Australian Financial Services"

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
... conjunction with an undertaking from Aujla not to provide financial services, apply for either an Australian financial services licence or become an authorised representative of an AFSL for the full period. After the period ended, Aujla was authorised ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... manager at Henderson Maxwell, was also involved in Henderson Maxwell breaching its obligation as an Australian Financial Services licensee to disclose information about relationships or associations that could influence the financial advice provided. ...

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 ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... returned to investors, a Mhor spokesperson said. Mhor Asset Management also filed to ASIC for its Australian Financial Services Licence to be cancelled. It charged a 1.5% p.a. management fee plus 15.38% performance fee on the amount by which it exceeded ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator. ASIC released information sheet 240 to help guide for AFSLs affected ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... the need for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence. The corporate regulator released consultation paper 315, which outlines its proposal to provide funds management relief ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... Austplan's issues with home referrals for SMSFs are not new. Last year the firm was forced to forego its Australian financial services licence after ASIC said it was concerned about the its ability to "do all things necessary to ensure the advice provided ...

Advice dealer group shutters

HARRISON WORLEY  |  FRIDAY, 31 MAY 2019
... close earlier than originally intended as it can no longer meet a "key person" requirement of its Australian Financial Services License, following the departure of a number of personnel within its financial services business. "Spectrum is unable to continue ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... for, or the price of trading in, shares. ASIC found Cornford provided a financial service when the Australian financial services licence of Kaz Capital did not cover the provision of the service. ASIC imposed licence conditions on Kaz Capital in January ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... regtech events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations. These events are an opportunity for regtech startups and financial services organisations' in-house development ...