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Financial Planning

ASIC seeks receivership for third Kaye company

AAP  |  WEDNESDAY, 3 DEC 2003
The Australian Securities and Investments Commission (ASIC) will seek to have a third company of Melbourne property investment spruiker Henry Kaye placed in the hands of receivers.

Asteron boosts its sales and marketing team to drive growth

Asteron, the financial services division of Promina, has made a number of senior appointments to boost its sales and marketing divisions, ultimately to drive growth going forward.

Two Victorian accountants face fraud charges: ASIC

Two former Victorian accountants of Corrpro Companies Australia Pty Ltd have appeared in the Melbourne Magistrate Court in relation to fraud charges following an investigation by the Australian Securities and Investments Commission (ASIC).

MLC receives 13 AFS licenses

MLC, the National Australia Bank Group's wealth management arm, has been given an early Christmas gift from the Australian Securities and Investments Commission (ASIC), with the regulator issuing 13 Australian Financial Services (AFS) licenses to enable ...

Suncorp uses 4-star rating to target independent financial advisers

Suncorp's bid to aggressively grow its wealth management business and lift sales through independent adviser channels has been given a boost with ASSIRT awarding prestigious 4-star ratings to the group's flagship Australian equities funds.

Wattle saga sees another administrator sentenced

David Christopher Smith, a former director of Brisbane-based The Fund Administrators Pty Ltd (TFA) and Gold Coast company Spectrum Fund Administration Pty Ltd (Spectrum), was sentenced in the Brisbane District Court today.

van Eyk amends Granite Three Pillars prospectus after investor feedback

In response to feedback from the investor market, van Eyk Research has decided to amend the calculation of its Performance Fee contained within the Granite Three Pillars Ltd prospectus.

Secretary to Treasurer confirms no extension to AFS licence deadline

With less than four months remaining until the end of the transition to the Financial Services Reform (FSR) Act, the Federal Government has continued to remind financial sector participants about the need to apply for their licences promptly.

Unlicensed managed investment schemes to be wound up

The Supreme Court of Queensland has appointed insolvency specialists Sims Partners to wind up Atlantic 3 Financial (Aust) Pty Ltd.

New twist in AMC saga

With overtones of David Tweed and National Exchange Corporation, the Australian Securities and Exchange Commission (ASIC) has taken court action against a company that made unsolicited offers to buy shares in the beleaguered Australian Magnesium Company ...