Articles tagged with 'Australian-Securities-and-Investment-Commission'

Educators upbeat on lifting standards

3 December 2009 | The Parliamentary Joint Committee (PJC) Inquiry into Financial Services and Products has recognised the need to lift the training and entry requirements for the financial planning industry, and some education providers have reacted positively.


Critics unmoved on ASIC disclosure

23 October 2009 | Proposals to increase online disclosure risks details being obscured by complexity of websites.


Astarra forced to remove managed fund PDSs from website

21 October 2009 | Charges filed by ASIC against Astarra fund managers, nature of ASIC complaint unclear.


No appeal against licence removal: FOS

27 August 2009 | Financial services providers should not be allowed to appeal against the removal of their licence in cases of bad advice.


ASIC takes on bigger role in market supervision

24 August 2009 | Treasury announces ASIC to be responsible for supervision and enforcement of the laws against misconduct on Australia's financial markets.


Four years' jail on SMSF scam

21 August 2009 | Melbourne man jailed over SMSF theft while his wife is fined for aiding and abetting.


ASIC comes down on unlicensed MIS

7 August 2009 | Unlicensed managed investment scheme raised approximately $7.9 million from investors.


ASIC welcomes Opes Prime settlement

5 August 2009 | Court approval will force ANZ and Merrill Lynch to pay $226 million, ASIC releases banks from potential legal claims.


ASIC bans former stockbroker

13 July 2009 | Deceptive conduct cost clients more than $9 million.


Adviser banned for role in Firepower

9 July 2009 | Sole director of Axis International Management and representative of Sagecorp Securities.


Listed companies continuing to drop off ASX

7 July 2009 | Fourteen open enquiries about insider trading; 12 referred to ASIC.


Client relationship manager banned from providing financial services

22 June 2009 | Convicted on eight fraud-related charges totalling more than $14,000.


IFSA backs Singapore mutual recognition agreements

1 May 2009 | Scheme would open opportunities for Australian managed investment schemes to be offered overseas.


ASIC to employ 200 extra people to run consumer credit regime

29 April 2009 | The Australian Securities and Investments Commission will create 200 full-time positions to fulfil its obligations in administering the new National Consumer Credit Regime.


ASIC claims Westpac scalp in misleading ad campaign

30 March 2009 | Regulator concerned that Westpac advertising for Choice account was misleading to existing customers.


ASIC bans broker for spreading false information

23 March 2009 | Regulator cracking down on false rumours that take advantage of market turmoil to affect market share prices.


Financial crisis could lead to rise in shareholder class actions

10 March 2009 | The fallout from the financial crisis could lead to class actions against listed companies for failing to disclose price-sensitive information.


Jail for property promoter

16 May 2007 | A Brisbane property promoter has been handed a two and a half year jail sentence after pleading guilty to six charges of dishonest business dealings.


APRA: court-based disqualification framework planned

17 April 2007 | The Federal Government plans to introduce a court-based process for disqualifying individuals under legislation administered by the Australian Prudential Regulation Authority.


WA adviser charged with stealing

12 April 2007 | Western Australian financial adviser, Annemieke de Boer, will face Perth Magistrates Court tomorrow on charges of stealing close to $50,000 of a client’s money.


Banned adviser charged with fraud

11 April 2007 | A former financial planner has faced the Brisbane Magistrates Court on seven fraud charges relating to activities that left his clients more than $126,000 out of pocket.


Accountant pleads guilty to super charges

15 September 2000 | A Melbourne based accountant has pleaded guilty to ordering the redeeming of su-perannuation money on behalf of clients who had not qualified for retirement.


ASIC to investigate life agents

22 June 2000 | The Australian Securities and Investment Commission (ASIC) is to investigate the conduct and disclosure behaviour of life agents as phase two of its review of the disability insurance market.


ASIC grapples with new economy

31 May 2000 | The new economy has brought with it new criteria for investor protection, a senior ASIC commissioner has told members of the FPA Melbourne chapter.


Adviser banned for life

3 April 2000 | A former AMP financial adviser has been banned for life from acting as an invest-ment adviser.


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