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Showing 31 - 38 of 38 results for "Finance broker"

Cash King to refund $170k for hidden fees

ASIC has ordered Sydney-based finance lender Cash King to pay over $170,000 to more than 50 customers after finding them guilty of charging hidden commission and fees. Cash King is one of a long line of finance brokers and lenders such as Mortgage Choice ...

Lonsdale enters the mortgage broker market

... Modica. Modica adds it provides another level of protection for its clients. Modica says the NMB provided a flexible finance broker model offering a robust platform and breadth of providers. NMB's managing director Gerald Foley says there are many options ...

Mortgage Industry Association of Australia issues 'soft dollar' disclosure code

... writing to customers any gifts or other forms of remuneration that could be reasonably expected to influence the finance broker's recommendation," said MIAA Chief Executive Mr Phil Naylor. Breaches of the new code will be treated as breaches of the MIAA ...

WA finance broker found guilty of misleading statements

A director of failed finance broking firm Clifton Partners Finance was found guilty last week of making materially misleading statements in a prospectus realeased in early 2000. Harmer issued the prospectus to raise funds so that Perth-based Clifton ...

ASIC shuts down loan calculators

Australia's corporate regulator has moved to shut down loan calculators used on more than 100 websites of Australian banks, credit unions and finance brokers because the tools mislead consumers about loan repayments. The calculators, provided by software ...

New disclosure laws for brokers and mortgage managers

Newly introduced legislation taking effect as of yesterday will require some finance brokers, mortgage managers and motor traders to enter a finance broking contract (FBC) with their customers, and to disclose commissions and other benefits. The new ...

ASIC takes action against company directors

... from operating such schemes. Meanwhile in an unrelated matter, the Federal Court has also disqualified a Melbourne finance broker from managing a company for two years. The Court agreed with ASIC Mr Emanuele Anthony Camiolo had not adequately performed ...

ASIC investigation yields yet another accused director

... Froggy Holdings Pty Ltd. ASIC alleges that around 11 December 2000, Mr Suleman gave a false bank statement to a finance broker, with the intention of obtaining finance to purchase a Ferrari F355 Spider Convertible. ASIC also alleges that on three separate ...

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Invesco launches new equity fund

ELIZA BAVIN | 12:13PM

Invesco said the new fund will give Australian investors access to a systematic global equity strategy with a 20-year track record.

FCA pursues Neil Woodford again

KARREN VERGARA | 12:05PM

The Financial Conduct Authority (FCA) is going after failed fund manager Neil Woodford again, this time for allegedly providing unauthorised investment advice via W4.0, his Dubai-based investment platform.

Former APRA deputy chair launches retirement solutions startup

KARREN VERGARA | 12:03PM

A former APRA deputy chair has launched CipherIQ, a new venture that provides retirement solutions via account-based pensions in partnership with superannuation funds, financial advisers and retirees.

Global X launches space tech ETF

MATTHEW WAI | 11:12AM

Global X has now launched the space tech ETF (ASX: MOON).

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