The assets of three investment companies have been frozen, following an investigation by ASIC surrounding the improper disclosure of publicly solicited funds....
ASIC has consulted on addressing ‘sunsetting’ class orders on horse racing syndicates and horse breeding schemes....
ANZ will pay approximately $13 million in compensation after failing to accurately apply bonus interest to customers’ Progress Saver Accounts for a number of years. ...
A Melbourne-based property developer will spend a minimum of three years behind bars for his role in misappropriating more than $750,000 of investors’ funds....
GE Money has changed its promotion of personal loans and debt consolidation loans after ASIC found it to be potentially misleading....
A former Perth-based financial adviser has been permanently banned from the financial services industry over her conduct in advising SMSF clients....
Product intervention powers are a step in the right direction for ASIC in dealing with complex financial products, the regulator believes....
ASIC chairman, Greg Medcraft says the regulator supports robo-advice but also acknowledges problems such as meeting best interests duty and compensating for bad advice....
The Federal Court has imposed a $25,000 penalty on Superannuation Warehouse Australia following ASIC action over false and misleading advertising....
Australian financial services licensee, Online Capital Markets, has paid $30,600 in penalties after receiving three infringement notices from ASIC for misleading online a...
ASIC has criticised the funeral insurance market, saying funeral insurance premiums continue to rise steeply for the over-50s, resulting in many people cancelling their p...
Charging clients passive fees was rampant in the financial advice industry, but there is a shift post-FOFA, Peter Kell said....
The Federal Court of Australia has appointed two provisional liquidators from Deloitte to conduct an investigation into Avestra Asset Management....
Provisional liquidators Leanne Chesser and Craig Shepard have been appointed to investigate financial services provider Ostrava Equities in response to an application by ...
The financial advice industry is facing systemic issues rather than being plagued by just a few bad apples, says ASIC deputy chairman, Peter Kell....
So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...
This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...
So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...