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Showing 791 - 800 of 905 results for "Australian Financial Service"

Action against illegal investment schemes on the rise

The Australian Securities and Investments Commission (ASIC) has revealed the past financial year has witnessed a 25 per cent increase in actions to shut down illegitimate investment schemes. The regulator closed down 76 illegal investment schemes during ...

ASIC completes wind up of SMSF adviser

The Australian Securities and Investments Commission (ASIC) has completed a shut down of a self-managed superannuation adviser following earlier action taken by the regulator. Pitcher Partners has been appointed as the provisional liquidator for PFS ...

High yield investment scheme operator facing charges

The Australian Securities and Investments Commission (ASIC) has brought seven charges against Shane Hoy, the operator of a high yield investment scheme, in the Brisbane Magistrates Court. The regulator alleges Hoy raised $270,000 through the scheme ...

ASIC nabs SMSF adviser

The Australian Securities and Investments Commission (ASIC) has shut down a self-managed superannuation fund (SMSF) adviser from conducting any business relating to superannuation. This is the second SMSF shut down by the regulator since its superannuation ...

Skandia launches new clearing house

Building on its existing partnership with SuperConnect, Skandia has launched a clearing house facility for its corporate superannuation product, which also extends to Do It Yourself (DIY) funds. While the platform provides employees and employers with ...

ASIC bans SMSF adviser

The Australian Securities and Investments Commission (ASIC) has moved to shut down a self managed super fund adviser after it was found the adviser had conducted business without an Australian financial services licence (AFSL) and provided misleading ...

Third operator of early release super scheme punished

The Australian Securities and Investments Commission (ASIC) has obtained Federal Court orders against Raymond Heard, the third operator of early release superannuation schemes that illegally freed up over $3.5 million of Australian superannuation benefits. ...

Finance Industry Council of Australia formed

A new financial services body called the Finance Industry Council of Australia (FICA) has been formed with its members being made up of some of the industry's leading professional associations. FICA's aim is to facilitate higher level responses to the ...

ASIC moves against unlicensed business

... companies. ASIC also alleged that Swancove and Zohar conducted financial business without holding an Australian financial service licence. The court orders are aimed to prevent Swancove and Zohar from operating without a licence and to provide investors ...

Unlicensed financial adviser caught out

An Australian Securities and Investments Commission (ASIC) investigation has resulted in Donald Maxwell facing one charge of carrying on a financial services business without an Australian financial services license (AFSL). The regulator alleges Maxwell ...