ASIC

Funds management

Disillusionment with the funds management industry and a hunger for transparency among clients is fuelling a move towards direct equities....

Editorial

Increased SMSF obligations in wake of Trio Capital have no basis

Amid the fall-out from Trio Capital it has been suggested that financial planners be required to warn clients establishing SMSFs that they are entering a higher risk envi...

Funds management

Melbourne director receives four-year ban from ASIC

A former director of fund manager Sovereign MF has been banned from providing financial services for four years....

Financial planning

ASIC makes changes to AFSL application process

Updated regulatory guidance for applying for an Australian financial services licence (AFSL) removes the requirement to submit paper versions of documents lodged electron...

Editorial

Federal Budget changes compound superannuation confusion

The dust has well and truly settled on the Federal Budget but, as Liz Westover writes, the Government needs to accept that its actions have served to confuse Australians ...

Financial planning

ASIC warns about fake financial advice group

The Australian Securities and Investments Commission has urged investors to avoid Connaught Investment Group....

Financial planning

Ponzi scheme operators plead guilty to fraud charges

Two men have pleaded guilty in the Downing Centre Local Court in Sydney to operating a Ponzi scheme called the Integrity Plus Fund....

Financial planning

ASIC recruits from within financial planning industry

ASIC has confirmed it has increased its efforts to better understand the inner workings of the financial planning industry by recruiting from within the sector....

Financial planning

Former Lonsec managing director charged with insider trading

Norman John Graham, a former managing director of stockbroking firm Lonsec, has appeared in the Magistrates' Court of Victoria in Melbourne, charged with 14 counts of ins...

Editorial

APRA rolls over on superannuation fund delays

In the wake of concerns about APRA's handling of the collapse of Trio Capital it has emerged that the regulator has little or no idea how well superannuation funds perfor...

Financial planning

ASIC continues to target financial planners over Trio Capital collapse

ASIC is taking ongoing regulatory action against a number of financial planners who 'breached the law' in relation to Trio Capital....

Financial planning

ASIC offers relief for intrafund asset transfers

ASIC has offered relief to trustee companies engaging in intrafund transfers, releasing approval criteria and unifying prior State and Territory requirements....

Financial planning

Sixth Commonwealth Financial Planning adviser banned

In the latest outcome of its investigation, ASIC has accepted an enforceable undertaking from former Commonwealth Financial Planning employee Joe Chan. ...