peter kell

Financial planning

Payday lender to refund $14,000 to consumers

Payday lender Cash Stop Financial Services (Cash Stop) will refund a total of $14,000 to more than 650 consumers following an investigation by the Australian Securities a...

Financial planning

ASIC claims national advice exam to cost $300

ASIC could roll-out a national adviser competency exam for $300, linking it to a register of licensed advisers. ...

Financial planning

Planning needs further culture change

Greg Medcraft says financial planning needs to undergo further cultural change, as the sector remains one of the riskiest regulated by ASIC. ...

Financial planning

No regulator can stop failures, says Medcraft

ASIC Chair Greg Medcraft says no financial services regulator can stop corporate failures without onerous compliance regimes. ...

Financial planning

ASIC accepts EU from former financial services director

The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from former director of AIE Fiduciary Services (AIE) Manish Babul...

Financial planning

False advertising costs finance broker $20k

The Australian Securities and Investments Commission is continuing its crackdown on false advertising in traditional and non-traditional media, fining a finance broker $2...

Financial planning

Melbourne broker banned for fraud

ASIC has banned broker for three years after submission of false applications...

Financial planning

Mortgage broker banned from credit activities

The Australian Securities and Investments Commission has banned former Sydney mortgage broker and real estate agent Hyuk Hwang from engaging in credit activities for thre...

Financial planning

ASIC concerned over TAL funeral insurance ads

The Australian Securities and Investment Commission has raised concerns with TAL Direct over its advertising of its funeral insurance....

Financial planning

Trio-linked planner ban confirmed

The Administrative Appeals Tribunal (AAT) affirms ASIC’s seven-year ban on a Wollongong financial planner from providing financial services....

Editorial

Top failures of 2013 - AAA Financial Intelligence

Throughout 2013, ASIC executives repeatedly used AAA Financial Intelligence as an example of how not to run a financial planning dealer group....

Editorial

Biggest event of 2013 - Son of Wallis

The Coalition signaled early that one of its first priorities if it won Government at the 2013 Federal Election would be 'Son of Wallis' – essentially an update of the Fi...

Financial planning

ASIC cracks down on misleading accounts

The Australian Securities and Investments Commission (ASIC) has moved to stamp out misleading terminology that has led some pensioners to believe they are earning a highe...