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Showing 311 - 320 of 1272 results for "AFS"

ASIC dishes out permanent ban to 'lifestyle' adviser

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
A former Dover and Interprac financial adviser who was found to be unfit to operate in the industry in any capacity was permanently banned by the regulator. ASIC said James Carlos Reynolds purported to offer 'lifestyle' financial advice as sole director ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... controlling a financial services business or being an officer of one after two companies of which he was a director, former AFS licensee Qsmart Securities and Quantum, refused or failed to give effect to determinations by AFCA. In 2020, AFCA made a total ...

Former financial adviser pleads guilty

CASSANDRA BALDINI  |  TUESDAY, 20 SEP 2022
Former financial adviser John Wertheimer pleaded guilty to charges surrounding unauthorised client transactions in Perth Magistrates Court. Wertheimer pleaded guilty to one charge of providing a financial service on behalf of a person who carries on ...

Ex-Synchron boss appointed head of Libertas

CASSANDRA BALDINI  |  WEDNESDAY, 14 SEP 2022
... Garry Crole, given Osborne's accomplishments in this area, he will also chair the Investment Committees of the group's AFS licensees. This extends to compliance proficiency and assisting the development of support services to self-licensed practices ...

Charges laid against former BBY head of operations

CASSANDRA BALDINI  |  TUESDAY, 13 SEP 2022
... on October 25. The matter is being prosecuted by the Commonwealth Director of Public Prosecutions. ASIC suspended BBY's AFS licence in May 2015 and it was placed into voluntary administration during the same month. The former stockbroking and financial ...

Monochrome obtains crypto asset AFSL

ANDREW MCKEAN  |  TUESDAY, 16 AUG 2022
Monochrome Asset Management has joined a select few Australian asset managers receiving authorisation under an AFSL to offer retail investors fully regulated and direct insured exposure to crypto assets. Monochrome's responsible entity partner, Vasco ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
ASIC has said it is focused on improving the breach reporting regime that came into effect last October, following concerns that it's not operating as intended. The regime, which applies to all AFSL and ACL holders, commenced in October 2021 and ...

Contact AFCA now: ASIC urges Dixon Advisory clients

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
Former clients of Dixon Advisory and Superannuation Services have been told to get in quick with their complaints to the Australian Financial Complaints Authority to ensure they're eligible for compensation. ASIC plans to write to former clients of ...

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
An Adelaide financial adviser received a five-year ban for advising his clients to roll their super into newly established SMSFs to invest in a company he is a director of and then releasing the money to them in the form of a loan. Antonio Simeone is ...

Fraud charges laid over unlicensed scheme

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
Former Perth unlicensed investment scheme boss Chris Marco has been charged with 50 counts of fraud and is due to appear in Perth Magistrates Court on Friday. The charges follow ASIC's investigation which alleged that, between July 2013 and October ...