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Showing 61 - 70 of 144 results for "AFS licence"

AFSL suspended by ASIC

ALLY SELBY  |  MONDAY, 23 MAR 2020
A Queensland-based financial services provider has had its AFS licence suspended, impacting close to 20 financial advisers. ASIC has suspended the AFS licence of Longhou Capital Markets for three months, expiring June 12 this year. It follows the appointment ...

Investment manager criminally charged

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... financial institutions, hedge funds, asset managers, and various corporate clients. The Corporations Act said that an AFS licence holder must ensure client money is paid into a client money account. ASIC said an AFS licence holder is only permitted to ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
A Queensland-based financial adviser has been permanently banned and an AFS licence canned, after the corporate watchdog found he had procured loans for his own use from SMSF clients. ASIC has banned William John Henry Houwing, also known as Jack Houwing ...

Corrupt adviser banned, AFSL canned

ALLY SELBY  |  TUESDAY, 4 FEB 2020
... has banned a Queensland-based financial adviser from providing financial services for seven years and cancelled the AFS licence of his business. The corporate regulator found that Timothy Shapter had not provided advice in his client's best interests ...

Concerns over cancelled ASFL complaints

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
... company had ceased to carry on a financial services business. "In light of this, ASIC has cancelled the company's AFS licence," the regulator said. "Since the suspension of KP International Group Australia AFS licence, the Australian Financial Complaints ...

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
ASIC revealed just 53% of AFSL applications received this year were approved. ASIC received approximately 2491 applications in 2018-2019 - 64% of AFS licences, 27% for credit licences and 9% relating to professional auditor registrations. In the report ...

Pershing Securities breaches client money obligations

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
... adjourned until 4 February 2020. Meantime, Pershing has accepted additional licence conditions imposed by ASIC on its AFS licence. These additional conditions will require Pershing to appoint an independent expert to review the company's ability to comply ...

ASIC suspends Melbourne-based AFSL

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... of concerns including notifying ASIC of changes to its EDRS and applying for a variation to the conditions of its AFS licence," ASIC said. "Australian Golden Securities has not yet fulfilled its financial reporting and audit obligations." The regulator ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... the assets of the defendants, and restrain the defendants from carrying on a financial services business without an AFS licence. The action falls within the corporate regulator's Wealth Management Major Financial Institutions Portfolio, which sees ASIC ...

Queensland-based AFSL suspended

ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
ASIC has suspended the AFS licence of a Queensland-based financial advice practice over concerns it was not meeting its obligations as a licensee. The regulator said Financial Options Pty Ltd failed to lodge its accounts and audit report for the year ...