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Showing 411 - 420 of 2080 results for "Australian Securities"

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
... time for the sector." While the original FoFA laws are now fully in place, enforcing them is a job for the Australian Securities and Investment Commission (ASIC). ASIC issued a release saying it would "take a practical and measured approach" to administering ...

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
... expect a higher level of 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 ...

Van Eyk collapse brings down AWI chairman

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
... considering the impact those events have had on the company," AWI chairman Peter Barnes said in a statement to the Australian Securities Exchange (ASX). "There may be recourse against parties which may lead to the [van Eyk] Company recovering some or ...

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
... consultant Sonia Cruz said that 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 ...

Prosecution drops charges against Storm adviser

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... death of an elderly 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 ...

Unlicensed Torquay adviser gets 7 year ban

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... Capital Scott Logan has been 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 ...

Advisers confirm SMSF appetite for LICs

STAFF WRITER  |  MONDAY, 17 NOV 2014
... is one of the main drivers behind the resurgence of LICs. The capacity to buy directly and trade on the Australian Securities Exchange (ASX) was equally seen as a major driver (57%) and 37% attributed it to a greater understanding of the benefits of ...

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 ...