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Search ResultsShowing 1 - 10 of 100+ results for "AFSL"
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
... 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 as a senior ...
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 ...
ASIC cracks down on investment manager
ALLY SELBY  |  MONDAY, 15 JUN 2020
The Australian arm of a global investment management company has agreed to additional conditions imposed on its AFSL by the corporate watchdog. It comes after Societe Generale Securities Australia (SGSA) was criminally charged with breaching client ...
ASIC mainly concerned with media releases: Lawyer
ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... to show the world how tough it is," Yazbeck said. He offered an example of a client who moved to voluntarily cancel their AFSL (for commercial reasons) but ASIC advised it wished to cancel the AFSL for alleged breaches. Even though the AFSL was cancelled ...
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