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Search ResultsShowing 1 - 10 of 100+ results for "Australian Financial Services Licence"
ASIC cancels stockbroker AFSL
ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
The corporate regulator has cancelled the Australian financial services licence of Halifax Investment Services nearly two years after it was placed into administration. The cancellation took effect from 8 January 2021 and allows the licence to operate ...
Director charged with dishonest conduct
ANNABELLE DICKSON  |  FRIDAY, 4 DEC 2020
... breached the Corporations Act by operating a financial services business without holding an Australian financial services licence (AFSL). The matter is being prosecuted by the Commonwealth Director of Public Prosecutions with each offence carrying a ...
AAT refuses Allegra AFSL
ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
The Administrative Appeals Tribunal (AAT) has refused the provision of an Australian financial services licence to Allegra Financial Services after it was initially rejected by ASIC. Allegra applied to ASIC for an AFSL in 2018 to provide personal financial ...
Exemptions to AFSLs explained by ASIC
ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... trustees of unregistered managed investment schemes in relation to whether they require an Australian financial services licence. The regulator stressed that a trustee which issues, varies or disposes of interests in an unregistered scheme must generally ...
Former adviser pleads guilty to stealing client funds
ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... Hopkins has been granted conditional bail," ASIC said. ASIC said QWL, which has held an Australian financial services licence since January 2004, provided clients with financial advice including dealing in securities and advising on self-managed superannuation ...
Former Financial Circle director charged
ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... with the proviso customers implement financial advice from them. Financial Circle's Australian financial services licence and Australian credit licenses were cancelled on 19 November 2018.
The platforms with the most advisers
KANIKA SOOD  |  TUESDAY, 3 NOV 2020
... according to latest Rainmaker estimates. CBA's platform is used by 9835 advisers and 1085 Australian financial services licence. It is followed by AMP Flexible Lifetime with 6.9% market share by advisers -- 6240 advisers use it across 780 AFSLs. ...
Federal Court freezes investment scam, winds up SMSF operator
ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... breached the Corporations Act by operating a financial services business without holding an Australian financial services licence (AFSL). ASIC alleges Beresford established Maxwell Financial Services in 2019 and offered investors financial products with ...
Advice group flees MLC after IOOF takeover
ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
HFM & Partners has made the decision to change its Australian financial services licence from MLC-owned GWM Adviser Services in light of the acquisition by IOOF. The announcement by IOOF to acquire MLC's advice business will see the creation of ...
Calls for consent forms, opt-ins to be scrapped
ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... suggestions from the Financial Planning Association of Australia (FPA) that an overhaul of the Australian financial services licence (AFSL) system could be the solution to the industry's woes. "By killing a system where advisers can join an AFSL which ...
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