ASIC

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...

Policy & Regulation

ASIC takes AMP Financial Planning to court

The Australian Securities and Investments Commission has commenced proceedings against AMP Financial Planning in the Federal Court, alleging that it failed to ensure its ...

Policy & Regulation

ASIC bans adviser for seven years

The Australian Securities and Investments Commission has banned Mark Damion Kawecki from providing financial services for seven years. ...

Policy & Regulation

ASIC slaps conditions on Aurora’s AFSL

The investment regulator has imposed conditions on the financial services licence of Aurora Funds Management Limited following the misappropriation of $1 million of inves...

Policy & Regulation

ASIC accepts EU from Vantage

The Australian Securities and Investments Commission has accepted an enforceable undertaking from Vantage Global Prime Pty Limited....

Policy & Regulation

ASIC signs cross-border enhancement memorandum

The investment regulator has become one of the first signatories to an enhanced standard for cross-border enforcement cooperation....

Policy & Regulation

Fed Court approves CBA’s BBSW settlement

The Federal Court has approved the Commonwealth Bank’s $25 million settlement with the Australian Securities and Investments Commission regarding the Bank Bill Swap Rate....

Policy & Regulation

ASIC releases guidance ahead of AFCA regime

The regulator has released new guidance in advance of AFCA’s commencement to provide policy certainty for stakeholders and to support the transition to the new regime....

Financial planning

HML needs to issue full prospectus: ASIC

The Australian Securities and Investments Commission has restricted Henry Morgan from eligibility to issue a reduced-content prospectus....

Financial planning

Adviser convicted of dishonest conduct

The New South Wales District Court has convicted a former financial adviser of engaging in dishonest conduct with investor funds, following charges brought by the Austral...

Editorial

Dover must be a catalyst for change

The unprecedented nature of the closure of the Dover Financial Services business and resultant limbo status of its clients and advisers must act as a catalyst for change ...

Features

Who will guard the guards?

The Australian Securities and Investments Commission has been the frequent subject of demands for greater scrutiny of the regulators themselves. As Hannah Wootton writes,...