Submitted by awolfend on Fri, 2023-06-23 15:39

A regulator funded by enforcement action... enforcing technical breaches rather than actual client harm, who has proved willing to punish smaller firms but is reticent to tackle anyone with deep pockets and good lawyers - and been caught at it. Why would they be keen to answer questions transparently?

ASIC need solid oversight AND serious changes based on detailed review and analysis of how best to serve the institutions they regulate and the public supposedly they protect.

The content of this field is kept private and will not be shown publicly.
 

MARKET INSIGHTS

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

Time to Go

I really can't see how getting rid of the safeguards with no other changes achieves anything at all. We're still the ea...

19 hours 12 minutes ago
Rob

Nowhere else in the world do innocent bystanders have to pay for the losses incurred to investors due to failed business...

22 hours ago
Time to Go

Yet everything states profitability is much higher in a larger practice. As a smaller planning practice it is a hard sl...

2 days 14 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 3 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 1 week ago