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ASIC
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....
Policy & Regulation
The Senate Economics References committee has published the terms of reference for its inquiry into ASIC enforcement and welcomed submissions....
People & Products
The former responsible manager of over the counter derivatives provider, Sirius Financial Markets, has been banned by ASIC for eight years....
Financial planning
Questions have been raised why reporting by other licensees was excluded from the regulator’s first breach publication and whether it is taking place....
Financial planning
There is over-reliance by licensees on ‘human error’ with over 5,000 reports stating that as a cause of a breach when the fault may lie in their systems and processes, ac...
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Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...