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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Financial planning
ASIC has vehemently denied being swayed by lobbying groups to suspend its adviser competency push. ...
Financial planning
A mortgage lender has been forced to rename one of its loan products after failing to realise that ‘MoneySmart’ has been traded marked by ASIC....
Life/Risk
Poor advice relating to life insurance is a systemic issue and not epithet work of a few rogues, according to ASIC....
Financial planning
Former Health Minister, Dr Michael Wooldridge, is one of five former directors of Australian Property Custodian Holdings Limited (APCH) who have been penalised by the Fed...
Financial planning
Australia’s regulatory and legal system has not kept pace with industry and consumer demand for electronic disclosures, according to ASIC. ...
Accounting
The former director of an accountancy firm has been banned by ASIC for being part of a scheme which raised funds from clients for mezzanine finance and mortgage lending....
Financial planning
A former financial adviser is facing a maximum of 12 years in jail after his lawyer announced his intention to plead guilty to 54 fraud charges....
Financial planning
ASIC has reiterated its calls for a national exam stating that recent changes around education still did not guarantee a consistent national standard for advice....
Financial planning
The financial services industry is being urged to embrace technology to help boost consumers’ understanding of financial products....
Financial planning
A Sydney-sider who made investment recommendations to clients without holding an Australian Financial Services Licence (AFSL) has been banned from providing financial ser...
Financial planning
ASIC has issued a $42,500 penalty on payday lender Abaz Pty Ltd for failing to get the necessary account statements from consumers....
Financial planning
ASIC has cancelled the Australian credit licence of Net Finance (Corp) Pty Ltd and banned its director, Graham Tandy, from the credit industry for 10 years....
Financial planning
ASIC has answered parliamentary questions about superannuation union liaison officers, the type of advice they can provide and whose AFSL they might be working under....
Financial planning
A former financial adviser has been jailed after being found guilty of stealing shares worth almost $1.5 million to meet margin calls on his mother’s margin lending accou...
Financial planning
FPA chief executive, Mark Rantall acknowledges the high price paid by the industry resulting from bad publicity generated by whistleblowers....
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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,...