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Showing 851 - 860 of 940 results for "AFSL"

ASIC targets alleged Ponzi scheme

ASIC RELEASE  |  WEDNESDAY, 14 APR 2010
... providing, or involved in conducting, a financial services business without the necessary Australian Financial Services Licence (AFSL). The regulator is also concerned that the group did not provide the required adequate disclosure to investors. There ...

Director charged in Westpoint case

ASIC RELEASE  |  MONDAY, 29 MAR 2010
... been placed on a good behaviour bond after pleading guilty to carrying on a financial services business without holding an AFSL. He was sentenced to six months imprisonment, with an order that he be released after being placed in a good behaviour bond ...

ASIC cancels Teys Property AFSL

ASIC RELEASE  |  FRIDAY, 26 MAR 2010
ASIC has cancelled the Australian Financial Services licence of Teys Property Funds after the firm went into external administration earlier this month. Teys is now known as TPFL Ltd. The firm is the responsible entity of eleven property and mortgage ...

Asteron creates new dealership role

COMPANY RELEASE  |  FRIDAY, 19 MAR 2010
Asteron has promoted Robyn Mohr to newly created role, senior manager of dealerships. Mohr previously worked as national manager, sales strategy helping drive its online application service, Lifeguard EQ and risk product Lifeguard. This promotion means ...

SA adviser banned for no AFSL

ASIC RELEASE  |  THURSDAY, 18 MAR 2010
ASIC has banned South Australian planner Steven Edward Fleetwood from providing financial services for five years, after giving out trading and advice services without having an Australian Financial Services Licence. The banning of Fleetwood follows ...

Synchron grows adviser base by 40pc

COMNPANY RELEASE  |  TUESDAY, 9 FEB 2010
... challenged physically, mentally and emotionally. Team activities were part of the mix. Meanwhile, Synchron is still the only AFSL paying daily commissions in the country. Feedback from Synchron advisers who are building on their initial client base shows ...

ASIC enforces AFSLs for margin lenders

ASIC RELEASE  |  TUESDAY, 2 FEB 2010
... Financial Services license - or face closing shop. Existing margin lenders and advisers on margin loans must apply to ASIC for an AFSL authorisation between 1 February 2010 and 30 June if they intend to continue to provide a margin lending financial ...

Equiti talks to planners regarding stakeholding

MICHAEL HOBBS  |  TUESDAY, 8 DEC 2009
... business grows, he said. He said Equiti Funds Management is talking to a number of Australian Financial Services Licensee (AFSL) holders about the equity ownership in the company. "Planners are always looking for these structures. I know when I ran the ...

Planners hit by ratings pullout

RUTH LIEW  |  THURSDAY, 19 NOV 2009
S&P's decision to withdraw its application for a retail AFSL, effectively pulling its credit ratings from the retail market, could increase retail investors' exposure to risk and lead to a tightening of planners' approved product lists. S&P announced ...

ASIC outlines credit agency requirements

COMPANY RELEASE  |  FRIDAY, 13 NOV 2009
... Investments Commission (ASIC) outlined changes to the regulation of credit rating agencies yesterday, which includes holding an AFSL that requires credit rating agency staff to be properly trained in providing ratings. Credit rating agencies must also ...