ASIC

Features

The financial services regulator responded to Royal Commission criticism with a ‘why not litigate?’ approach. Jassmyn Goh finds out what this means for advisers and how t...

Editorial

Is Frydenberg’s roadmap leading up a blind alley?

The financial advice industry is facing yet another layer of bureaucracy as a result of the Government’s so-called Royal Commission Implementation Roadmap but the ultimat...

Policy & Regulation

ASIC waves big stick on adoption of regtech

The Australian Securities and Investments Commission has told financial planning firms it expected them to “keep up” with the implementation of regtech....

Financial planning

Centrepoint looks to grow adviser numbers

Centrepoint chief executive, Angus Benbow, makes no bones about the group’s desire to grow the number of planners working under its license....

Policy & Regulation

ASIC wealth management investigations soar by 216%

The Australian Securities and Investments Commission has increased investigations into wealth management by 216 per cent in the last six months....

Policy & Regulation

ASIC proposes ban on retail binary options and CFDs

The Australian Securities and Investments Commission has proposed a ban on the sale of binary options and contracts for difference to retail clients....

Financial planning

Do managed accounts equate to in-house products?

A senior financial services lawyer has warned that managed accounts may equate to the selling of in-house assets in the eyes of the Australian Securities and Investments ...

Financial planning

AFA recommends ‘opt-in’ for social media complaints

The Association of Financial Advisers has recommended to the Australian Securities and Investments Commission that licensees be able to ‘opt-in’ to the recognition of cli...

Policy & Regulation

Untrained and unlicensed director banned by ASIC

Max David Goldenberg has been banned for eight years after illegally allowing clients to access their super to buy a home....

Financial planning

ASIC to review grandfathering steps

Financial services entities providing grandfathered remuneration to licensees and advisers will be scrutinised by the Australian Securities and Investments as they move t...

Financial planning

Tell us how advisers will be affected, demands AFA

Questions have been asked about how and to what degree advisers will be affected when the Australian Securities and Investments Commission chooses to exercise its product...

Financial planning

ASIC takes adviser to court

The corporate watchdog has alleged Keith James Flowers of using his position as director dishonestly and obtaining financial advantage by deception....

Superannuation

Govt response to grandfathered commissions disappointing: AIST

The new law does not remove the incentive for advisers to recommend poorly performing and expensive products....

Policy & Regulation

Banking industry committed to working with government on RC changes

The ABA has welcomed the Government’s timetable for legislative change, with eight of the 76 Royal Commission recommendations targeted at the banking industry....

Policy & Regulation

ASIC examples AMP/Clayton Utz in enforcement outcome

The Australian Securities and Investments Commission has used AMP and its lawyers, Clayton Utz, as examples of successful enforcement action by the regulator....