Joe Longo

Financial planning

Which advice issues are coming under ASIC’s scrutiny?

ASIC’s annual report has detailed its enforcement progress achieved during FY2022-23 and where it is focusing its financial advice work going forward....

Policy & Regulation

ASIC welcomes new commissioners

With commissioner Danielle Press to depart ASIC next month, the Treasurer has appointed three new commissioners to the corporate regulator....

Policy & Regulation

Labor defends ASIC’s independence against Senate inquiry

The Labor government has hit back at the Senate Economics Reference Committee’s request for evidence from ASIC as it is an independent regulator and suggested it provide ...

Policy & Regulation

ASIC slammed by Senate committee for undermining inquiry

ASIC has been called out by the Senate economics reference committee for undermining the process of an inquiry into its investigation and enforcement actions by submittin...

Policy & Regulation

Is ASIC litigating enough?

ASIC staff need to consider if they are taking on enough risk in choosing cases to litigate, according to chair Joe Longo, prompting a Senate committee to ask if it shoul...

Policy & Regulation

ASIC increases focus on cryptocurrency

ASIC has increased the number of staff dedicated to cryptocurrency, despite it being unregulated, as high-profile collapses like FTX highlight the dangers of the asset cl...

Financial planning

Adviser exam unlikely to see improvements

ASIC chair, Joe Longo, has told advisers there is little the corporate regulator can do to improve the financial adviser exam, despite negative feedback from candidates....

Outsider

A silver anniversary

It is well-known that Outsider is always up for a celebration, so he is breaking out the champers for an unusual anniversary noted by the Senate Estimates committee. ...

Financial planning

ASIC reviews greenwashing in ESG funds

As assets in environmental, social and governance funds reach $3 billion, the regulator is conducting a review into ‘greenwashing’ in funds. ...

Features

InFocus: Who should offer protection to investors?

The examples of failed managed investment schemes have reopened the question around the Government’s proposed model for a Compensation Scheme of Last Resort, writes Oksan...

Financial planning

ASIC to test DDO intervention powers

ASIC has acknowledged criticism that it failed to do enough to stop the failure of Sterling and said it will be testing its intervention powers in the future under the De...

Funds management

ASIC’s intervention pace on Sterling was ‘reasonable’

The corporate regulator’s chair has argued that while it could have acted more quickly and could have published a media release more energetically on the Sterling case, i...

Financial planning

ASIC will continue to use EUs

The Australian Securities and Investments Commission has said it will bring back the use of the enforceable undertakings....

Outsider

A memorable appearance

Appearing before the Senate economics committee via video link with all the associated technical difficulties and political grilling must be a nerve-wracking experience, ...

Financial planning

ASIC report on ASX welcomed by SAFAA

The Stockbrokers and Financial Advisers Association has welcomed the report that led to the corporate regulator putting additional licence conditions on the Australian Se...