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Showing 2491 - 2500 of 6696 results for "Securities"

ASIC puts hold Custom Wealth's AFSL

STAFF WRITER  |  TUESDAY, 22 JUL 2014
... regulator has also permanently banned Queensland-based financial adviser Thanh Quoc Tu, who an adviser at Patersons Securities and later, at Cognitive Wealth between 2008 and 2013. Tu misled investors to believe that their funds would be invested in ...

ASIC cancels 8 AFSLs after review

LAURA MILLAN  |  TUESDAY, 22 JUL 2014
Eight advice businesses have had their Australian financial services (AFS) licenses cancelled after an Australian Securities and Investments Commission (ASIC) review into licensees that failed to lodge audited annual statement. The review has resulted ...

Market wrap

AAP  |  MONDAY, 21 JUL 2014
The Australian market has opened higher, following gains on Wall Street. Patersons Securities economist Tony Farnham said the gains in US markets on Friday night meant local stocks were starting on the front foot. Wall Street bounced back on Friday ...

CBA to fund adviser education and association membership

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
... the wake of the final report of the Senate Economics Committee inquiry looking into the performance of the Australian Securities and Investments Commission's (ASIC). A CBA spokesperson told Financial Standard that "CBA will support existing advisers ...

SMSFs stung by $1M property Ponzi scheme

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
... by deception, theft and running a financial services business without a licence. An investigation by the Australian Securities and Investments Commission (ASIC) found that Patrick often formed companies to purchase properties for development. To obtain ...

ASX meets with PRI to discuss sustainability reporting

JAMES FERNYHOUGH  |  FRIDAY, 18 JUL 2014
Principles for Responsible Investment (PRI) managing director Fiona Reynolds has met with the Australian Securities Exchange this week to urge them to sign up to the Sustainable Stock Exchange Initiative. The initiative, which aims to 'educate' exchanges ...

New Investors Mutual LIC gets rating and platform approval

MARK SMITH  |  THURSDAY, 17 JUL 2014
... also one of the joint lead managers to the issue along with BBY, Patterson and Taylor Collison and co manager Lonsec Securities. Investors Mutual's founder and investment director Anton Tagliaferro said: "QVE provides investors with a prudent vehicle ...

Cormann tables adviser register to "weed out bad apples"

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... initiative follows recommendation 44 of the Senate Economics Committee inquiry into the performance of the Australian Securities and Investment Commission (ASIC). "Our goal remains to ensure that we have a robust but efficient financial services regulatory ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... promoters recommending Australians to use their self-managed super fund (SMSF) to invest in property has led the Australian Securities and Investments Commission (ASIC) to remind property developers that they need a license to operate. The regulator ...

SMSFs get off lightly in FSI interim report

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
... balance of $200,000 or less. The report also addressed the question of advice, citing a 2013 review by the Australian Securities and Investments Commission (ASIC) that found 28% of SMSF advice was 'poor'. In the general superannuation section, the report ...