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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Financial planning
Three people who ran an investment advice business without being licensed have been given prison sentences, although all were fully suspended....
Financial planning
An Adelaide man has received a fully suspended six-month prison sentence for assisting the unlicensed Power Financial Planning to encourage clients into Westpoint investm...
Financial planning
NAB has responded to ASIC concerns about the bank’s distribution of unsolicited American Express cards to NAB Qantas Gold customers....
Financial planning
ASIC has defined the number of clients lost by financial planners last financial year....
Financial planning
ASIC has granted transitional relief that will allow class action against groups including Great Southern to continue without disruption until at least the middle of next...
Financial planning
The Australian Securities and Investments Commission has launched civil action against the directors and companies involved in the collapse of the MFS group of companies....
Financial planning
Litigation funders may rethink their class action opportunities against fund managers if they are required to register multi-party action as managed investment schemes....
Editorial
As corporate and scheme failures continue the merits of engaging an independent responsible entity to avoid both actual and perceived conflicts is being revisited....
Financial planning
Professional Investment Services has been ordered to pay $5.9 million to Westpoint investors....
Financial planning
Melbourne man convicted and sentenced to 150 hours unpaid community work following ASIC charges....
Life/Risk
Broker falsified loan applications for premium insurance funding....
Life/Risk
The tightening of the professional indemnity insurance market has led the corporate regulator to amend its requirements of Australian Financial Services Licensees....
Financial planning
Mutual recognition arrangements between Australia and New Zealand on securities offerings have saved up to 95 per cent in costs....
Financial planning
Super funds rejecting intra-fund advice relief and turning to the associated Regulatory Guide to develop advice offerings....
Financial planning
Proposals to increase online disclosure risks details being obscured by complexity of websites....
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MARKET INSIGHTS
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,...