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Showing 81 - 90 of 100+ results for "AFSL"

Synchron compliance lead moves to AMP

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
... compliance so that they report directly to the Synchron board. According to Rainmaker data from June, AMP is the largest advice AFSL in Australia with 1025 registered advisers, a 4.7% market share. The second largest is the SMSF Adviser Network, an AFSL ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... litigation funders to be subject to greater regulatory oversight. "Litigation funders are currently exempt from holding an AFSL and being categorised as a managed investment scheme," Frydenberg said. "As a result, litigation funders do not face the same ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
... the defendants contravened the Corporations Act by operating the unregistered scheme and also failed to hold the required AFSL to do so. It has barred the defendants from carrying out financial services in Australia without holding an AFSL. "The conduct ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... regulation is required, but along with many other submissions I've read, I don't think the managed investments scheme or the AFSL would be the most appropriate method to do that, and I don't think regulation for litigation funders is something that is ...

New partner at Stanford Brown

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... principal, and was a member and chair of the investment committee, management team and a responsible manager on William Buck's AFSL and credit license. Prior to this, he worked at BW Capital as executive manager, Arthur Andersen Business Consulting ...

AMP should stop whining: Slater and Gordon

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... litigation funders. Litigation funders have been under the spotlight recently, with new legislation requiring them to have an AFSL to operate in Australia. De Ferrari said he welcomed this new scrutiny of litigation funding, and that he was worried the ...

Implemented Portfolios partners with Wealth Today

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... clients live their best lives. "We are excited to have partnered with Wealth Today to help enable the advisers under their AFSL with more opportunities to do that." Jack Standing, Wealth Today's national head of the advice team, welcomed the IMA offering ...

Foreign exchange broker banned

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... giving general financial advice and, on several occasions, provided personal advice." Earlier in the year, ASIC cancelled the AFSL of Forex Capital Trading after it found that the brokerage's business model disregarded key licensee obligations, resulting ...

ASIC refuses just 3% of AFSL relief applications

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
The corporate regulator refused just 3% of Australian financial services licence relief applications in the six month period that saw COVID-19 intensify. Outlining the regulator's relief application decisions in the six month period between October ...

Judgement delivered in binary options fraud

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... through the websites www.titantrade.com and hittps://tradettn.com without holding an Australian financial services licence (AFSL) and without providing the requisite PDS'. The Court found that One Tech Media deliberately misled and deceived Australian ...