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Showing 271 - 280 of 357 results for "Australian Financial Services licence"

LUCRF rolls out financial advice

COMPANY RELEASE  |  TUESDAY, 25 MAY 2010
... financial advice service, following ASIC approval to extend authorisation of the fund's Australian Financial Services Licence (AFSL). ASIC approved the change to LUCRF Super's licence on 19 May, enabling the fund to give personal advice to members. "The ...

Investors get more from Westpoint settlement

ASIC RELEASE  |  WEDNESDAY, 19 MAY 2010
Investors affected by the Westpoint collapse have scored another win after ASIC reached an agreement to settle its actions against Glenhurst Corporation and its insurer, QBE Insurance (Australia), for $2.5 million. The settlement is subject to the approval ...

ASIC targets alleged Ponzi scheme

ASIC RELEASE  |  WEDNESDAY, 14 APR 2010
... providing, or involved in conducting, a financial services business without the necessary Australian Financial Services Licence (AFSL). The regulator is also concerned that the group did not provide the required adequate disclosure to investors. There ...

ASIC cancels Teys Property AFSL

ASIC RELEASE  |  FRIDAY, 26 MAR 2010
ASIC has cancelled the Australian Financial Services licence of Teys Property Funds after the firm went into external administration earlier this month. Teys is now known as TPFL Ltd. The firm is the responsible entity of eleven property and mortgage ...

SA adviser banned for no AFSL

ASIC RELEASE  |  THURSDAY, 18 MAR 2010
... services for five years, after giving out trading and advice services without having an Australian Financial Services Licence. The banning of Fleetwood follows an ASIC investigation of his conduct while a director of Fleetwood Advisory Group from December ...

ASIC cancels Hedge Securities licence

ASIC RELEASE  |  THURSDAY, 18 FEB 2010
... phone calls, no longer in operation - ASIC has cancelled Hedge Securities and Investments's Australian financial services licence after finding the company had ceased to carry on a financial services business. ASIC found that Hedge Securities and Investments ...

ASIC presses on with Westpoint compensation

ASIC RELEASE  |  MONDAY, 30 NOV 2009
ASIC has reached an agreement to settle class actions against Bongiorno Financial Advisors, which has links to the failed Westpoint Group. An ASIC statement late last week noted that the watchdog had agreed to settle actions against Melbourne-based ...

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
... its provision of advice to investors in relation to the Westpoint Group, and breached its Australian financial services licence. PIS was one of seven Australian financial service licensees against whom ASIC commenced proceedings for compensation on behalf ...

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
... alleging that PIS, in providing such advice, was negligent and breached the conditions of its Australian financial services licence. The settlement with PIS, if approved by the court, will result in compensation being paid by PIS - details of which will ...

ASIC slaps six year ban for MIS fraud

ASIC RELEASE  |  MONDAY, 24 AUG 2009
... was not. West carried on a financial services business while not being the holder of an Australian financial services licence, and did not provide a product disclosure statement in connection with making offers to retail clients to issue interests in ...