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Showing 81 - 90 of 600 results for "Authorised Representative"

New chair for iExtend

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... it was found to be operating without one. For the time being, iExtend is operating under a Corporate Authorised Representative arrangement, acting as an agent of another AFSL. "We are delighted to have Peter join iExtend as chair and are fortunate to ...

Unlicensed crypto investor faces jail time

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
A Queensland man has been charged with nine offences and is facing imprisonment for running a financial services business without a licence. The charges were filed after an investigation by ASIC, which discovered that Aryn Hala had made promises to ...

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... being rebuked by ASIC for operating without an AFS Licence, iExtend is now running under a Corporate Authorised Representative (CAR) arrangement for the interim. A CAR enables iExtend to act as an agent of an AFS Licensee, meaning it is authorised to ...

Penta Capital fined for fabricated FUM

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... proceedings," ASIC said. ASIC clarified that Penta Capital "is not an Australian financial services licensee or authorised representative". Its associated entities Penta Asset Management and SEQ Asset Management were authorised representatives of AFS ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... been convicted and sentenced in a Perth court for three counts of dishonest conduct. Fong, who was an authorised representative of AMP Financial Planning between January 2004 to December 2014, was found to have falsified information when providing superannuation ...

ASIC freezes out former Magnolia Capital director

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... creditors more than 50 cents on the dollar. The corporate regulator determined that Atkins, previously an authorised representative of Australian financial services licensee Guildfords Fund Management, failed to act in good faith as a director by putting ...

Decade-long ban reduced for former adviser

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... restrictions to attend the AFL Grand Final had his ASIC banning order reduced. Mark Babbage, who was an authorised representative of Wealthsure and Capstone Financial Planning, will now be able to re-enter the financial services industry after six years ...

Centrepoint Alliance acquires Financial Advice Matters

CASSANDRA BALDINI  |  THURSDAY, 9 NOV 2023
... months, contingent upon achieving a minimum EBIT contribution of $1.5 million. FAM became a corporate authorised representative of Centrepoint Alliance subsidiary Alliance Wealth in 2015. Since, Centrepoint Alliance said FAM has grown and has strongly ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
The Federal Court has found in favour of Diversa in the case brought by ASIC in 2021 which alleged the trustee knew about a now banned adviser's dodgy behaviour but failed to act. In October 2021, ASIC commenced civil penalty proceedings against ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... AFSL at the time, and the existence of an informal (or even a formal) referral relationship with an authorised representative of an unrelated AFSL holder cannot be what she was referring to in her promotional videos," he said. Additionally, Grubisa had ...