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Showing 81 - 90 of 163 results for "ASIC for"

ASIC grants compliance scheme relief

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
... now set to oversee code monitoring and enforcement, prospective compliance scheme operators withdrew applications to ASIC for approval of their schemes. This has left AFS licensees at risk of breaching the Corporations Act despite not having a compliance ...

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... legislation would allow "interception agencies" to legally provide intercepted material, like recorded phone calls, to ASIC for serious offences so that ASIC can investigate and prosecute. It also harmonises search warrant powers under different acts ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... In response to Financial Standard 's enquiry on the subject, an AMP spokesperson said: "A licence renewal process with ASIC for managed discretionary account services has been taking place across the industry." The spokesperson explained that AMP Financial ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... was closed last month and capital returned to investors, a Mhor spokesperson said. Mhor Asset Management also filed to ASIC for its Australian Financial Services Licence to be cancelled. It charged a 1.5% p.a. management fee plus 15.38% performance fee ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
A former Kaz Capital adviser has been banned by ASIC for six years. David Stephen Cornford has been banned from providing financial services for a period of six years following an ASIC investigation during which he was found to be buying and selling ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
A former Millennium3 and Beacon Financial Group adviser was banned by ASIC for failing to act in the best interests of clients by recommending insurance with unaffordable premiums. Gregory Forster received a five year ban for failing to take into account ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... funding for ASIC and APRA outlined last week. Included in that additional funding is $2.3 million over three years to ASIC for the resolution of outstanding Superannuation Complaints Tribunal matters and $0.1 million to explore the viability creating ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... established in late 2018 by the FPA and five other industry associations as a separate legal entity and has already applied to ASIC for approval. "The powers that code monitoring bodies will have are a lot more powerful than any association has today... ...

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... Commonwealth Bank and Synchron adviser was handed a five-year ban. Tai Thanh Nguyen of Adelaide was permanently banned by ASIC for dishonest conduct while licensed by GWM Adviser Services and later Interprac Financial Planning. An investigation found ...

NSW adviser banned for 25 years

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
... McGrath Nicol as liquidator. The Court also found that: CFS Private Wealth failed to lodge its financial report with ASIC for 2016 and 2017, and was late in filing these reports for five other years; it contravened the Corporations Act 2001 when it failed ...