also, for such a connnection to occur, Interprac (SEQ.ASX) should have known that and also allowed this licensing arrangement to occur. more specifically, Interprac (SEQ) may have failed several of the obligations in running an AFSL, putting at risk the reputation of their advisers and in ASICs remit, risking clients.
General obligations for AFS licensees are:
conduct and disclosure
the provision of your financial services
the competence, knowledge and skills of your responsible managers
the training and competence of your financial advisers and authorised representatives
ensuring your financial advisers and authorised representatives comply with the financial services laws
compliance, managing conflicts of interest and risk management
the adequacy of your financial, technological and human resources, and
your dispute resolution and compensation arrangements (if your clients include retail clients).
SEQ Price at posting:
36.0¢ Sentiment: Sell Disclosure: Not Held
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