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Showing 501 - 510 of 600 results for "Authorised Representative"

Former financial adviser gets three years jail time

CLAIRE MCGREAL  |  MONDAY, 7 NOV 2011
... own purposes. ASIC was made aware of Brown's conduct by Bridges Financial Services, for whom he was an authorised representative between June 2007 and 13 May 2008. The commission said the investigation is part of its commitment to building confidence ...

AAT grants stay for AFSL cancellation decision

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
The Administrative Appeals Tribunal has granted a stay on ASIC's ban of Romad Financial Services licence, although not without a number of conditions. The Administrative Appeals Tribunal (AAT) said yesterday it would grant a stay for Melbourne-based ...

Planner banned as watchdog continues industry clean-up

CLAIRE MCGREAL  |  TUESDAY, 11 OCT 2011
... after an investigation revealed he took part in unauthorised discretionary trading. Hing worked as an authorised representative of Novus Capital Limited, formerly Axis Financial Group (Australia) Limited, for eight years from 2003 to 2011. ASIC found ...

Banned adviser faces jail term

ELISE BURGESS  |  TUESDAY, 27 SEP 2011
... arranged for clients' assets to be held as security for his personal margin loan facility. Carll was an authorised representative of three Australian financial services licensees including Financial Wisdom, Financial Planning Services Australia and Genesys ...

AFS prepares for FOFA with new hire

RACHEL DAVIS  |  THURSDAY, 8 SEP 2011
Australian Financial Services Group has appointed a regional manager for NSW & ACT who will also lead their FOFA ready program. Australian Financial Services Group (AFS Group) has appointed Richard Liverpool to the position of regional manager for NSW ...

FOFA: Opt-in obligations, ASIC

ELISE BURGESS  |  MONDAY, 29 AUG 2011
... new best interest obligation rules by not acting in the best interest of their clients may see their authorised representative or licensee hit with a maximum penalty of $250,000 for individuals and $1 million of corporate entities. Shorten also stipulated ...

Hillross acquires $2.2 billion planning group

MATT WOODINGTON  |  WEDNESDAY, 13 JUL 2011
AMP affiliated planning group Hillross Financial Services has agreed to acquire IRIS Financial Group, winning a competitive process that attracted eight first round offers and saw four parties conduct due diligence. Hillross will provide licensee services ...

Advisory firm directors may challenge ASIC ban

ALISON BEVEGE  |  THURSDAY, 7 JUL 2011
... additional conditions relating to compliance measures and record keeping. Seagrims will become a corporate authorised representative of dealer group Wealthsure during the license suspension period. Peter and Anne-Marie Seagrim remain as directors of ...

Guardian join AFA

ELISE BURGESS  |  THURSDAY, 16 JUN 2011
Suncorp-owned dealer group Guardian Financial Planning has joined the Association of Financial Advisers (AFA) Licensee Partnership Program, adding to its 7,000 adviser base. Guardian has around 150 authorised representatives with more than 130,000 clients ...

Financial services honoured with Queen's favour

ELISE BURGESS  |  WEDNESDAY, 15 JUN 2011
Members of the Australian financial services industry have received Queen's Birthday honours this year including advisers, super fund heads and regulatory figures. Michael Dwyer, chief executive of First State Super and Fund Executives Association Ltd ...