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Financial planning
The FAAA’s Phil Anderson has written an open letter calling for a public inquiry to uncover why the case of Dixon Advisory has been so closely guarded given the high volu...
Funds management
Four individuals face a $1 million fine after being charged with alleged market manipulation regarding a “pump and dump” scheme....
Financial planning
Proactive compliance risk management has become both a “regulatory necessity” and a “cornerstone of ethical excellence” for financial advice licensees, this compliance pr...
Financial planning
ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct....
Financial planning
A former Queensland-based financial adviser has been permanently banned by ASIC from providing financial services....
Financial planning
The decision to convict an NSW individual this week for unlicensed financial advice hinged on the use of disclaimers in a PowerPoint presentation....
Financial planning
A NSW individual has been convicted in Sydney’s District Court for providing unlicensed financial advice to individuals....
Financial planning
ASIC has updated some of its documentation in line with the DBFO Act receiving royal assent, with licensees reminded to stay on top of the changes....
Financial planning
Details have been shared regarding the failures in an adviser’s non-compliant statements of advice which led to a three-year ban as well as how improvements in his behavi...
Financial planning
While ASIC’s estimated FY24 levy only saw a slight $60 rise per adviser compared to the previous year, FAAA’s Sarah Abood believes it is still too high for a shrinking in...
Financial planning
ASIC has permanently banned a former Western Australia-based financial adviser after he falsified his adviser exam certificate....
Financial planning
ASIC has confirmed the estimated industry funding levy for the 2023–24 financial year and how much licensees can expect to pay....
Financial planning
A second financial adviser has seen their ASIC ban varied this week following a successful appeal to the Administrative Appeals Tribunal. ...
Financial planning
With the 2023–24 financial year behind us, Money Management takes a look back on the financial advice licensees that were hit with enforcement action by ASIC in the past ...
Financial planning
With the financial advisers register no longer distinguishing those who have used the experienced pathway to provide advice, how will this affect consumers and employers?...
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Article makes no comment that the advisers leaving industry are older and have many years of work an life experience w...
This article appears to overlook the fact that there must be a fairly large group of advisers who missed out on the expe...
Based on Deloitte’s numbers, growth from 15,819 to 16,708 is a gain of 889 advisers, representing 177 advisers each year...