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ASIC
Funds management
ASIC has pinpointed five managed funds that need to improve their marketing oversight....
Policy & Regulation
The Federal Court has dismissed proceedings brought by ASIC against CBA regarding $55 million in fees being charged to almost one million customers....
Policy & Regulation
ASIC senior executive leader, Leah Sciacca, has reiterated the corporate regulator “encourages tech and innovation” in the financial services industry. ...
Features
The collapse of crypto giant FTX has renewed calls for greater regulation of digital assets and the role of financial advice. ...
Funds management
ASIC has issued interim stop orders for Perpetual Investment Management to prevent the firm from distributing two funds to retail investors. ...
Financial planning
The Australian Securities and Investments Commission has shared information about how the adviser exam will be run in 2023 when it moves to being primarily new entrants....
Funds management
ASIC has commenced civil penalty proceedings against fintech Block Earner as it alleges it operated an unregistered managed investment scheme....
Policy & Regulation
The former chief executive of van Eyk Research has been sentenced following his conviction for dishonestly using his director position....
Financial planning
ASIC has accepted a court enforceable undertaking from financial advisory firm Lasarith Pty and its sole director for failure to provide Statements of Advice. ...
Funds management
ASIC has placed an interim stop order on offers from Finnia Income Ltd in response to deficiencies in the issuer’s target market determination....
Financial planning
The corporate regulator has confirmed the number of breaches that were reported to it by another licensee following its exclusion from an earlier data report....
Funds management
The Federal Court has found NAB engaged in unconscionable conduct by continuing to charge customers over $350,000 in periodic payment fees even though it was aware of the...
Financial planning
Having already enacted 11 interim stop orders regarding target market determinations, the industry should not expect ASIC to slow down and using templates could be one ca...
Policy & Regulation
Assistant Treasurer and minister for financial services, Stephen Jones, has welcomed the Senate inquiry into ASIC investigation and enforcement....
Financial planning
The Government has delayed financial adviser registration from January until 1 July, 2023 with registration to open in Q2 2023....
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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 ...