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Showing 71 - 80 of 600 results for "Authorised Representative"

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... for an AFSL. That AFSL has now been granted; in the interim iExtend has been operating as a corporate authorised representative of Ingenious Brokers. iExtend said having the AFSL "also broadens the scope of iExtend's offering, enabling iExtend to fully ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... Magnolia Capital Opportunities Fund II (Magnolia Head Fund). Magnolia director Mitchell Atkins was an authorised representative of Guildfords between 19 September 2018 to 7 October 2022. Atkins' other entities that are now in liquidation - Magnolia ...

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
... personal financial and investment advice to private investors. Global Capital Property Fund has been an authorised representative of United Global since 25 March 2020.

Forged documents see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 30 MAY 2024
... forging client signatures to gain access to and misappropriate over $650,000. During this time, he was an authorised representative of Capstone Financial Planning and director of Equus Private Wealth. His authorisation under Capstone ceased in June 2022 ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... best interests of clients and not being able to maintain "high standards". Gawad Nabi, who served as an authorised representative of Hobart-based Life Plan FP from 23 March 2018 to 31 March 2021, breached various financial services laws and failed to ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds. An overwhelming number of members are goaded into leaving ...

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON  |  THURSDAY, 2 MAY 2024
... arrangements, and management buyouts. Under the agreement, Rawson Lewis will operate as a Corporate Authorised Representative of Openmarkets. OpenMarkets chief executive Dan Jowett said the company is looking to capitalise on onshore and offshore equity ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes. In July 2022, ASIC issued civil penalty proceedings ...

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
... carries on a financial services business. ASIC said that between February 2021 and January 2023, while an authorised representative and responsible manager of Octillion Partner Pty Ltd, Rose recommended six self-managed superannuation fund (SMSF) clients ...

ASIC succeeds in conflicted remuneration case

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... in its case against RM Capital, which the court found failed to take reasonable steps to prevent its authorised representative accepting conflicted remuneration. On the February 29, the Federal Court found that RM Capital's authorised representative ...