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Showing 661 - 670 of 905 results for "Australian Financial Service"

Investors lose $7m in Qld scam

ASIC RELEASE  |  THURSDAY, 18 NOV 2010
A group of Queensland-based investors learnt the hard way why they should avoid unlicensed financial advice providers after ASIC catches another $7 million scam. She was sentenced to six months imprisonment but entered into a recognisance in the sum ...

Adviser sentenced to 8yrs imprisonment

ELISE BURGESS  |  FRIDAY, 29 OCT 2010
A former financial adviser receives a jail sentence after pleading guilty to 13 fraud charges following an ASIC investigation. Neil Francis Dodd was sentenced to eight years imprisonment in Townsville's District Court after an ASIC investigation concluded ...

AFS deal falls, two new prospects emerge

ELISE BURGESS  |  THURSDAY, 28 OCT 2010
Dealer group Australian Financial Services' negotiations with a prospective purchaser have fallen apart - but there are two new interested parties, said the group's chief executive, Peter Daly. In what were already quiet negotiation process, the unnamed ...

AIOFP appoints directors

MEDIA RELEASE  |  FRIDAY, 22 OCT 2010
Dennis Maddern and John Ardino have been appointed as new directors of the Association of Independently Owned Financial Planners (AIOFP) board. Maddern is president of Melbourne-based Maddern Financial Advisers and Ardino is the managing director of ...

ASIC strikes back in Opus dispute

JOHN MCDULING  |  FRIDAY, 22 OCT 2010
Legal wrangling over the future of a Brisbane-based property fund manager is continuing with ASIC filing an appeal against a Federal Court decision that looked to have provided the besieged property fund manager with a lifeline. ASIC cancelled Opus ...

ASIC recovers $24m for Westpoint victims

ASIC RELEASE  |  FRIDAY, 17 SEP 2010
Westpoint investors in ASIC's class against Glenhurst Corporation will receive their share of $24.5 million recovered to date by the corporate regulator. The Glenhurst settlement, worth $2.5 million, is one of six reached by ASIC on behalf of investors ...

Praemium SMARTwrap signs AFS

NEWS RELEASE  |  TUESDAY, 7 SEP 2010
Technology provider Praemium announced in a statement to the ASX today that its SMARTwrap platform has won its first approval from a national dealer group - Australian Financial Services group (AFS), barely a month after launching. Based on Praemium's ...

AFA launches FOFA Working Group

ELISE BURGESS  |  MONDAY, 30 AUG 2010
The Association of Financial Advisers (AFA) has launched the Future of Financial Advice (FOFA) Working Group. "We believe the Working Group will lead the way in informing the Government on the real impact of reform on consumers, advisers, the financial ...

LUCRF rolls out financial advice

COMPANY RELEASE  |  TUESDAY, 25 MAY 2010
LUCRF Super has launched a new financial advice service, following ASIC approval to extend authorisation of the fund's Australian Financial Services Licence (AFSL). ASIC approved the change to LUCRF Super's licence on 19 May, enabling the fund to give ...

Investors get more from Westpoint settlement

ASIC RELEASE  |  WEDNESDAY, 19 MAY 2010
Investors affected by the Westpoint collapse have scored another win after ASIC reached an agreement to settle its actions against Glenhurst Corporation and its insurer, QBE Insurance (Australia), for $2.5 million. The settlement is subject to the approval ...