ASIC

Policy & Regulation

Wodonga financial planner Neil John Evans pleads guilty to vote-rigging in the director elections for WAW Credit Union Co-Operative....

Policy & Regulation

CBA, ANZ cop EUs and $1.25 million fines from ASIC

The Commonwealth Bank of Australia and ANZ have entered into an enforceable undertaking to change the way they distribute superannuation products....

Policy & Regulation

ASIC slaps permanent ban on former NAB employees

The Australian Securities and Investments Commission has permanently banned former National Australia Bank employees, Danny Merheb and Samar Merjan. ...

Policy & Regulation

ASIC registry fees don’t fund regulation: O’Dwyer

The business registry fees collected by the Australian Securities and Investments Commission do not fund its regulatory work despite media coverage saying otherwise, Kell...

Policy & Regulation

Refocus Financial Group faces ASIC

The Australian Securities and Investments Commission has taken action against Refocus Financial Group in the Queensland Supreme Court....

Policy & Regulation

Goldman Sachs cops EU from ASIC

The Australian Securities and Investments Commission has accepted an enforceable undertaking from Goldman Sachs Australia to improve controls....

Policy & Regulation

ASIC seeks to wind up Linchpin and Endeavour

The Australian Securities and Investments Commission has commenced proceedings against Linchpin Capital Group and Endeavour Securities following an investigation....

Financial planning

FPA throws support behind ASIC’s tips to improve SMSF advice

The Financial Planning Association said it supports the practical tips that ASIC has provided to planners to improve the quality of the advice they give to clients....

Financial planning

SMSF advice fails ASIC scrutiny

As much as 90 per cent of advice provided in setting up a self-managed superannuation fund was non-compliant, according to a new Australian Securities and Investments Com...

Financial planning

SMSF Association responds to ASIC criticism

The SMSF Association has downplayed some elements of the highly critical ASIC report suggesting high levels of non-compliant advice, claiming suggestions of client detrim...

Policy & Regulation

ASIC accepts variation to NAB undertaking

The securities regulator has accepted a variation to an enforceable undertaking provided by NAB relating to its wholesale spot foreign exchange business....

Financial planning

ASIC calls on OTC derivatives sector to improve practices

The Australian Securities and Investments Commission has called on the retail over-the-counter derivatives sector to improve its practices....

Policy & Regulation

ASIC slaps 4-year ban on former NAB adviser

The Australian Securities and Investments Commission has banned a National Australia Bank financial adviser from providing financial services after finding he was not ade...

Financial planning

ASIC targeting licensees for sins of past planners

A pattern has emerged as the Australian Securities and Investments Commission pursues prosecutions against licensees for the best interest failings of planners....

Financial planning

AMP offers cautious response to ASIC court action

AMP has issued a careful statement in response to the Australian Securities and Investments Commission’s legal action against AMP Financial Planning, saying it had report...