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Showing 541 - 550 of 940 results for "AFSL"

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
ASIC has cancelled the AFSL of managed accounts provider Jade Capital Partners and banned one of its directors. An ASIC investigation of Sydney-based Jade Capital, a managed discretionary account provider specialising in trading services and advice ...

NSW adviser banned for 25 years

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
... Act 2001 when it failed to provide financial services efficiently, honestly and fairly; had insufficient assets to meet its AFSL requirements; and did not document client investments adequately. The Court declined to order the winding up of a third company ...

ASIC cracks down on non-compliant AFSL

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
ASIC has slapped additional conditions on the AFSL of an advice practice operating on the New South Wales Central Coast. Surveillance by ASIC showed HNW Planning failed to adequately monitor and supervise its representatives. Its audit processes were ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... the Corporations Act. It said the appointment of an independent expert formed part of additional conditions imposed on the AFSL. Kaz Capital provides general financial product advice on certain deposit and payment products, derivatives, securities and ...

ASIC suspends online broker AFSL

KARREN VERGARA  |  TUESDAY, 15 JAN 2019
ASIC has suspended the AFSL of an online stockbroking firm until 10 January 2020. Halifax Investment Services had its licence suspended shortly after it went into voluntary administration. ASIC said the terms of the suspension will allow Halifax clients ...

AAT upholds AFSL rejection

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
ASIC's decision to reject Michael David Watson's Australian Financial Services (AFS) Licence (AFSL) was recently upheld by the Administrative Appeals Tribunal (AAT). Watson had applied for an AFSL license to provide advice for self-managed superannuation ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be required by the government to report to ASIC the number of superannuation products on their APLs and ...

FASEA reforms see ASIC register swell

JAMIE WILLIAMSON  |  TUESDAY, 8 JAN 2019
... not wishing to complete further education look to leave the industry. A shift is also expected to occur in regards to which AFSL advisers are licensed under, with the move away from institutional licensees continuing steadily and likely to hasten as ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... WSAL and BTFM are only permitted to provide general advice under their respective Australian Financial Services Licence (AFSL). The judge said each of the 15 phone calls to customers provided general advice "because the callers did not consider one or ...

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... completed a significant wind-down of its advice business, with just five financial advisers remaining according to ASIC's AFSL register. What the 2018 Budget means for you The 2018 Federal Budget brought more changes to the superannuation system ...