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ASIC
Financial planning
The AFSL of a Victorian firm authorised to provide financial product advice has been cancelled as the business is being wound up, and the firm is the subject of an ASIC i...
Financial planning
Money Management compiles ASIC’s enforcement action against financial advisers and licensees during the third quarter of 2024, including sentencing, bannings and FSCP act...
Funds management
Financial penalties are typically meant to act as a deterrent against misconduct but how does a court decide a suitable size when the company has over $14 trillion in ass...
Financial planning
ASIC will extend the relief and requirements regarding reportable situations regime for another five years until October 2029, following a public consultation....
Funds management
Vanguard has been issued with a penalty by the Federal Court for making false and misleading statements about its ethically conscious fund....
Funds management
ASIC chair Joe Longo has told compliance professionals they need an “attitude of compliance” beyond written policies, how can AFSLs achieve this without alienating their ...
Financial planning
While the August financial advice exam saw a lower pass rate of 62 per cent compared with 70 per cent in previous sittings, this expert believes it’s for a positive reaso...
Financial planning
An alleged involvement with an insurance claims business has led the Federal Court to vary the orders of a banned adviser to add the threat of jail time....
Financial planning
The FAAA has argued against “prescriptive record keeping obligations” in favour of advisers using their professional judgement....
Financial planning
The regulator says it secured $32.2 million in civil penalties and nine criminal convictions in the six months to 30 June....
Financial planning
Money Management examines how the experienced provider pathway has impacted the advice industry, one year since it was passed on 6 September 2023....
Financial planning
A judge has frozen the assets of former Keystone director Paul Chiodo’s company and ruled in ASIC’s favour that administrators can be appointed to wind up the firm. ...
Financial planning
ASIC has released the percentage of candidates who passed its August financial advice exam with the volume dropping to the lowest since November 2022....
Financial planning
ASIC has identified three situations where it may be difficult for a licensee to assess an adviser’s qualifications and provided case studies of how they should be tackle...
Financial planning
A former Melbourne financial planner, Bradley Grimm, has been sentenced for dishonest conduct regarding the transfer of self-managed super fund assets....
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...