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Showing 641 - 650 of 905 results for "Australian Financial Service"

ASIC forces iPlan to hire compliance expert

MATT WOODINGTON  |  THURSDAY, 9 JUN 2011
ASIC has imposed new conditions on iPlan's Australian financial services (AFS) licence after it unearthed a conflict of interest relating to the use of investment platforms. Under the terms of its revised licence iPlan must appoint an independent compliance ...

ASIC moves to protect OTC retail investors

MATT WOODINGTON  |  TUESDAY, 10 MAY 2011
The Australian Securities & Investments Commission (ASIC) is stepping up its scrutiny on issuers of over the counter (OTC) derivatives, in order to safeguard the investments of a rising retail client base. ASIC has released a consultation paper seeking ...

Director to challenge ASIC ban

ALISON BEVEGE  |  FRIDAY, 6 MAY 2011
Financial services regulator ASIC today said it banned a director for three years from providing financial services - but the director is appealing against the decision which she called "disgraceful". Tracey Burnell, of Doncaster East, Victoria, was ...

Count morphs into super entity with new AFSL

ELISE BURGESS  |  THURSDAY, 5 MAY 2011
Clarification around FOFA has positioned Count to become an Investor Directed Portfolio Services (IDPS) operator and Responsible Superannuation Entity (RSE) in respect of its strategic platform offerings. The independent dealer group said the cut of ...

AFS rebuff takeover offers to go it alone

ELISE BURGESS  |  FRIDAY, 8 APR 2011
Dealer group Australian Financial Services Group (AFS) will remain independent after confirming that it will no longer hold takeover discussions. AFS has said ownership will remain with its advisers and will retain open architecture, practical compliance ...

Industry still lagging on green IT

MATT WOODINGTON  |  THURSDAY, 7 APR 2011
The Australian financial services sector remains some way behind the US and UK for green IT and technology practices, despite progress in the last 18 months. A Fujitsu survey compared the maturity of green IT practices within banking, finance and insurance ...

ASX eyes merger alternatives

MATT WOODINGTON  |  WEDNESDAY, 6 APR 2011
The ASX is left to seek other growth options after Treasurer Wayne Swan said that merging with the Singapore Stock Exchange (SGX) is against the interest of Australia and should be rejected. The Foreign Investment Review Board notified the SGX of Swan's ...

ASIC new guidance for AFSL

ELISE BURGESS  |  MONDAY, 4 APR 2011
Holders of an Australian Financial Services Licence (AFSL) now face updated guidance including guides on margin lending facilities, simple managed investment schemes and certain superannuation products. Australian Securities and Investments Commission ...

Rogue trader banned for four years

ALISON BEVEGE  |  FRIDAY, 25 MAR 2011
A rogue forex trader has been banned for four years by Australia's corporate watchdog after fleecing the savings of six Gold Coast residents through a pooled fund. Andrew Mark Perkin must not provide any financial products or services under the enforceable ...

UBS wealth mgmt to review compliance

ELISE BURGESS  |  FRIDAY, 18 MAR 2011
ASIC has signed an enforceable undertaking (EU) from UBS Wealth Management Australia Ltd to review its compliance culture and frameworks and fix past compliance failures. The fund manager didn't provide statements of advice to 764 retail clients invested ...