ASIC

Policy & Regulation

The Australian Securities and Investments Commission has banned director of Foster Stockbroking, Mark Joseph Hinsley, from providing financial services for three years. ...

Financial planning

ASIC has no hard data on grandfathered commissions

The Australian Securities and Investments Commission has formally acknowledged that it has no hard data on grandfathered commissions or how much money is tied up in such ...

Editorial

Has ASIC finally become a watchdog with teeth?

The Australian Securities and Investments Commission has been wounded by the Royal Commission and is out to prove a number of important points, no matter what the cost. ...

Outsider

Ken’s list - a club no one wants to join

Outsider has a list of people’s names on his desk which he believes may be similar to a list provided to the Australian Securities and Investments Commission by the Royal...

Outsider

High cost of putting writing on the wall for ASIC

Outsider is prepared to bet that when the team at ASIC were ticking off their 2018 unfinished business list just before Christmas, they thought it possible that no-one wo...

Policy & Regulation

ATO SMSF auditor referrals to ASIC “steadily increasing”

The Australian Taxation Office has said that it’s already referred 37 SMSF auditors to the Australian Securities and Investments Commission since last June, as part of th...

Policy & Regulation

ASIC reveals 50% increase in enforcement investigations

The Australian Securities and Investments Commission has revealed a 50 per cent increase in enforcement investigations of misconduct on the part of the major financial in...

Financial planning

FASEA could impose specialisation training within two years

The move to require specialist qualifications to give advice on SMSFs could come from the Financial Adviser Standards and Ethics Authority within two years, according to ...

SMSF

Adviser polling shows drop in SMSF advice

Live polling at the SMSF Association National Conference has suggested that the number of clients seeking advice on SMSFs is decreasing, and that consumers’ desire to use...

Financial planning

ASIC intends to fully implement RC recommendations

The Australian Securities and Investments Commission has signalled its intention to fully implement Commissioner Hayne’s 12 recommendations to the regulator. ...

Policy & Regulation

ASIC signals appeal against Westpac decision

The Australian Securities and Investments Commission has signalled it will appeal the Federal Court decision regarding Westpac Securities Administration and BT Funds Mana...

Policy & Regulation

Royal Commission transgressors face stiffer penalties

The Australian Securities and Investments Commission has been handed tougher penalties with which to pursue people referred to it by the Royal Commission....

Policy & Regulation

Court issues restraining orders against Advanced Wealth FS

The Supreme Court of Queensland has issued an order restraining Advanced Wealth Financial Services and former financial adviser, Richard Gardner, from carrying on a finan...

Policy & Regulation

Was the old ASIC embarrassed to lose?

A senior financial services barrister has revealed that the Australian Securities and Investments Commission was reluctant to pursue prosecutions because of the embarrass...