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Policy & Regulation
ASIC executive claims consumer misunderstandings were exploited for the benefit of financial services providers....
Financial planning
Penalties for financial planners who breach the law are not severe enough, the Australian Securities and Investments Commission believes....
Financial planning
ASIC chair Greg Medcraft emphasises regulator’s enforcement efforts and states does best it can with resources to hand....
Financial planning
The Commonwealth Bank (CBA) has responded to its grilling at a Senate Committee by restating its compliance with the inquiry’s requests for more information. ...
Financial planning
Financial services firms concerned about compliance may be better off sharing a licence with other parts of the business, a specialist lawyer says. ...
Financial planning
Industry Fund Services (IFS) has resolved compliance issues related to incorrect investment of client funds into an unregistered management investment scheme...
Superannuation
ASIC grants relief to super fund’s advisory arm to reduce advisor exposure to personal liability....
Financial planning
The Australian Securities and Investments Commission (ASIC) has permanently banned Victorian finance broker Kieu Thi-Thanh Huynh from carrying out credit activities after...
Superannuation
Self-managed super fund (SMSF) service provider Heffron has launched an online SMSF form with in-built checking tools to avoid compliance headaches....
Financial planning
Sentry Financial Services to write to SMSF clients after ASIC surveillance of corporate authorised representative...
Financial planning
Real estate agents, mortgage brokers, bank employees and SMSFs should all be subject to common regulation, according to Chan and Naylor’s David Hasib....
Funds management
The Australian Securities and Investments Commission (ASIC) has banned a trader employed at Westpac Institutional Bank for creating fictitious trading entries and a false...
Superannuation
Self-managed superannuation fund (SMSF) trustees are being warned that they will pay the price for poor product selection if they fail to ensure fund compliance under a n...
Financial planning
An embarrassed ASIC has imposed license conditions on Comm FP and Financial Wisdom as short-comings in compensation arrangements are revealed....
Financial planning
A $200 million class action could be brought against the Commonwealth Bank-owned Financial Wisdom on behalf of thousands of investors who claim they lost money due to “ba...
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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,...