ASIC

Policy & Regulation

Hume references central adviser disciplinary body

Financial planning organisations are seeking clarity from the Government on how its proposed new central disciplinary body for financial advisers will work and how much i...

Policy & Regulation

Platinum Perpetual Global Private Wealth AFSL cancelled after police charges

Platinum Perpetual Globe Private Wealth has lost its Australian financial services licence after charges brought by Western Australian police....

Financial planning

AFA warns ASIC on inadvertent adviser anti-hawking impacts

Financial advisers should not be inadvertently caught up in the Australian Securities and Investments Commission’s tough new life/risk anti-hawking approach just because ...

Financial planning

Advice businesses who went down owing AFCA

Many of the financial advice businesses named by the Australian Financial Complaints Authority as having failed to pay complaint-related charges are already out of busine...

Financial planning

Suncorp pays $1.4m in compensation

Following a remediation program Suncorp has compensated 4,000 GuardianFP clients....

Policy & Regulation

APRA foreshadows getting ‘constructively tough’

The Australian Prudential Regulation Authority has signalled its intention to emulate the Australian Securities and Investments Commission by more frequently publishing t...

Policy & Regulation

Have licensees been clearing out their breach skeletons?

The Australian Securities and Investments Commission has speculated that a 50% increase in breach reporting may be the result of licensees clearing the skeletons out of t...

Financial planning

Proposed Code Monitoring Authority will be ready to roll

The Code Monitoring Authority established by the major financial planning associations will be ready to roll if, and when, it gains sign-off from the Australian Securitie...

Policy & Regulation

ASIC refuses to reveal its methods

High risk hedge funds are still under scrutiny by the Australian Securities and Investments Commission but the regulator is refusing to reveal how it is going about its b...

Policy & Regulation

ASIC fines publisher over misleading promo guide

The Australian Securities and Investments Commission has found Port Phillip Publishing (PPP) and its former director Kristan Sayce liable for printing a misleading guide ...

Policy & Regulation

ASIC still negative on broker commissions

The Australian Securities and Investments Commission has signalled its continuing scepticism about mortgage broker commissions while claiming consumer research has valida...

Financial planning

ASIC to review large number of advice files

Financial advisers are facing yet more scrutiny by the Australian Securities and Investments Commission as it drills down on a large number of advice files....

Policy & Regulation

ASIC flags criminal prosecutions

The Australian Securities and Investments Commission has signalled it will make an example of wrong-doers while suggesting that misconduct by some major financial institu...