ASIC

Financial planning

The AAT has affirmed ASIC’s to ban Mark Menzies from providing financial services, after he had engaged in manipulation of the price of MINI Warrants commonly known as “M...

Financial planning

ASIC foreshadows ‘novel’ instances from legacy complaints

As financial planning firms worry about whether their professional indemnity insurance will cover legacy complaints, the Australian Securities and Investments Commission ...

Policy & Regulation

Planning firms should brace for legacy complaints

Financial planning firms should brace for an influx of legacy complaints in the wake of the Australian Securities and Investments Commission clearing the final regulatory...

Policy & Regulation

Beaumaris adviser permanently banned by ASIC

ASIC has permanently banned Murray Graham Davies from providing financial services and engaging in credit activities....

Policy & Regulation

Court cracks down on unnecessary liquidator charges

Liquidators should pay heed to a decision from the Federal Court to fix the remuneration of the liquidators of three Adelaide companies at $3.9 million, compared to the $...

Features

Why not litigate: Empty threat or a sign of a teething tiger?

As the Australian Securities and Investments Commission shifts to a ‘why not litigate’ approach to pursuing breaches of financial services and corporate law, Hannah Woott...

Editorial

Time for ASIC to end the chest-beating

The Australian Securities and Investments Commission has done much post-Royal Commission chest-beating about pursuing litigation but it needs to translate that tough talk...

Policy & Regulation

ANZ complies with ASIC enforcement

The Australian Securities and Investments Commission has announced ANZ has complied with the court enforceable undertaking regarding its fees for no service conduct for i...

Life/Risk

Industry bodies unite to protect life insurance commissions

The financial planning industry’s two major member associations have confirmed that they will be taking a joint approach to the regulator’s life insurance review, with re...

People & Products

Peter Kell joins ratings commission panel

Former Australian Securities and Investments Commission deputy chair Peter Kell is joining a panel on licensee reporting set up by Adviser Ratings....

Policy & Regulation

ASIC initiates ground-breaking conflicted remuneration case

The Australian Securities and Investments Commission has broken new legal ground initiating civil proceedings against a firm which accepted remuneration after encouraging...

Financial planning

ASIC questioned on salaried planner consistency

A number of financial advisers have questioned whether the Australian Securities and Investments Commission is being consistent in its treatment of salaried financial pla...

Financial planning

FPA urged Treasury to differentiate between large and small licensees

The Financial Planning Association urged the Treasury to ensure the costs of extra regulatory scrutiny of major licensees such as the banks and AMP were not ultimately ca...

Financial planning

Commonwealth FP clears EU obligation to ASIC

The Australian Securities and Investments Commission has confirmed that Commonwealth Financial Planning has cleared its enforceable undertaking obligations regarding fee ...

Policy & Regulation

ASIC pursues court action against banned adviser

Eighteen months after he was permanently banned by the Australian Securities and Investments Commission, an Adelaide adviser is now facing charges brought by the regulato...