The investment publication, Eureka Report, founded by ABC business commentator, Alan Kohler, has obtained an Australian Financial Services License (AFSL) to enable some staff to provide explicit buy-and-sell advice.
Kohler, who has been a frequent critic of the financial planning industry, is reported by Fairfax Media as having become a qualified securities adviser.
The Eureka Report was acquired by Rupert Murdoch's News Limited 18 months ago.
The Fairfax Media report quoted the Eureka Report's managing editor, James Kirby as saying the AFSL would allow for the making of explicit calls in circumstances where investment journalism could take reads to a certain point and where Eureka's readers wanted to go further.
