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ASIC
Superannuation
The regulator failed to overturn a Federal Court finding that the Commonwealth Bank of Australia and Colonial First State did not receive “conflicted remuneration” benefi...
Financial planning
ASIC has permanently banned a Sydney financial adviser and cancelled the license of his business after he misappropriated investor funds....
Financial planning
Tackling issues around inappropriate scoping of advice, the Financial Services and Credit Panel has announced its first ‘written reprimand’. ...
Superannuation
The corporate regulator has commenced its third civil penalty proceedings for alleged greenwashing with the superannuation fund holding investments in Russia when it had ...
Financial planning
Following its initial announcement in the October 2022‑23 Budget, the Government is now seeking feedback on the appropriateness of the existing regulatory settings for ma...
Financial planning
ASIC has commenced civil penalty proceedings in the Federal Court against a director of Dixon Advisory and Superannuation Services for alleged breaches of directors’ duti...
Financial planning
The regulatory watchdog has suspended the AFS licence of NWQ Capital Management, trustee of two unregistered managed investment schemes, until January 2024....
Superannuation
Almost three years after being arrested, a director has pleaded guilty to encouraging investors to roll over their superannuation in SMSFs and lend that money to his two ...
Policy & Regulation
The war of words regarding ASIC’s provision of evidence to a Senate inquiry has continued as Labor senator Katy Gallagher appears in the Senate to provide an explanation ...
Financial planning
ASIC has revealed the number of its enforcement outcomes which related to financial advice misconduct in the first half of 2023. ...
Financial planning
Following an ASIC investigation, investment manager Brett Trevillian has been charged for forging portfolio performance verification reports that were provided to potent...
Funds management
Troubled financial services firm Mayfair 101 has announced it plans to relaunch within months, less than a year after the 20-year advertising and fundraising ban on James...
Financial planning
ASIC has taken civil action against a company director for alleged unlicensed conduct and operating numerous unregistered managed investment schemes. ...
People & Products
Bouncing back from regulatory action last month, Spaceship has secured additional funding from two major shareholders towards new offerings and the expansion of its exist...
Funds management
ASIC has lodged civil penalty proceedings in the Federal Court against Vanguard Investments Australia for alleged greenwashing, having previously issued the asset manager...
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Podcast
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 ...