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Showing 241 - 250 of 1365 results for "Australian Securities and Investments Commission"

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
The Australian Securities and Investments Commission (ASIC) has begun legal action against LM Investment Management (LMIM) founder Peter Charles Drake and its former directors. The regulator is seeking financial penalties and banning orders following ...

ASIC to scrutinise intra-fund advice

JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
... scrutiny of their intra-fund advice operations over the coming year, according to Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell. Kell said the regulator's increased scrutiny of this growing category of advice would ...

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
... the new Future of Financial Advice (FoFA) requirements make it clear that the Australian Securities and Investments Commission (ASIC) believes good record keeping systems support the ongoing provision of quality advice to clients. It will also help licensees ...

Prosecution drops charges against Storm adviser

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... prosecution witness whose evidence was considered to be vital in proving its case. The Australian Securities and Investments Commission (ASIC) informed that the witness' death forced a reassessment of the evidence and that "other developments" led the ...

Unlicensed Torquay adviser gets 7 year ban

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... banned for providing financial services for seven years. An investigation by the Australian Securities and Investments Commission (ASIC) found that between April 2011 and June 2013 the company trading as Coast Capital traded in contracts for difference ...

ASIC to watch CBA advisers closely

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Australian Securities and Investments Commission (ASIC) has appointed a compliance expert to examine the performance of advisers at Commonwealth Financial Planning and Financial Wisdom. KordaMentha Forensic will review past activities by Commonwealth ...

ASIC intervenes non-compliant Aurora listed funds

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
... Aurora Funds Management has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) after the regulator identified compliance failings in some of its listed investment schemes. ASIC is concerned that ...

ASIC takes SMSF property spruikers to court

LAURA MILLAN  |  WEDNESDAY, 12 NOV 2014
The Australian Securities and Investments Commission (ASIC) has sought court orders against an unlicensed property investment promoter based in New South Wales. Park Trent Properties Group is carrying on an unlicensed financial services business and ...

Gold Coast advice firm enters EU over misleading ads

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... Equanimity Concepts has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC). The regulator found that from January 2012 to July 2014 Equanimity advertised that consumers could pay off their home ...

Spring FG set to launch IPO

LAURA MILLAN  |  FRIDAY, 7 NOV 2014
... the past few months. Spring FG is working towards lodging a prospectus with the Australian Securities and Investments Commission (ASIC) by the end of November or early December and expects the company to list on the Australian Securities Exchange (ASX) ...