ASIC

Policy & Regulation

Adviser slapped with 20 dishonesty offences

A former Sydney-based financial adviser has been charged with 20 dishonesty offences allegedly committed when he was a company director. ...

Financial planning

Reputations and legal precedents at stake in ASIC action

Both corporate reputations and legal precedents are at stake in the Australian Securities and Investments Commission’s decision to pursue access to legal advice documents...

Financial planning

ASIC moves to force law firm on AMP documents

The Australian Securities and Investments Commission is seeking court backing to force law firm Clayton Utz to produce documents at the heart of fee for no service allega...

Policy & Regulation

ASIC signals litigious intent following Prime Trust win

The Australian Securities and Investments Commission has signalled its willingness to pursue tough and prolonged litigation in the wake of Friday’s Prime Trust win....

Superannuation

AIST welcomes ASIC’s decision

The Australian Institute of Superannuation Trustees has welcomed the Australian Securities and Investment Commission’s announcement with regards to a longer transition pe...

Policy & Regulation

ASIC to sharpen IDR requirements

The Australian Securities and Investments Commission has foreshadowed further pressure on financial services licensees as a review of internal dispute resolution identifi...

Policy & Regulation

Academics urge board to monitor ASIC and APRA

A new research paper developed by three academics has urged the imposition of an over-arching assessment board to oversight the effectiveness of the Australian Securities...

Funds management

DomaCom raises $2.95m

DomaCom has announced it has completed $2.95 million capital raise through the issue of a convertible security....

Policy & Regulation

Frydenberg names new ASIC deputy chair

The Federal Government has appointed the Productivity Commission deputy chair, Karen Chester as the replacement for Peter Kell as deputy chair of the Australian Securitie...

Life/Risk

Freedom Insurance hits life sales, liquidity issues

Freedom Insurance Group has declared it will not be recommencing sales of life products as it deals with commissions-related liquidity issues and the reality of a client ...

Policy & Regulation

Planning licensees amongst biggest ASIC funders

The new industry funding model for the Australian Securities and Investments Commission will see financial planning licensees and credit providers carrying some of the gr...

Financial planning

VOFF calls for action against Trio director

Victims of Financial Fraud has called on ASIC to request that the Guernsey Financial Authorities question former director of a Trio Capital fund, Carl Meerveld....

Financial planning

ASIC punishes Solar for licensee oversight

The Australian Securities and Investments Commission has cancelled the licence of a Sydney-based financial advisory firm following surveillance into potential issues of l...

Policy & Regulation

ASIC penalises Berndale Capital Securities

The Australian Securities and Investments Commission has cancelled a Melbourne-based OTC derivative issuer’s licence and its former director has been banned. ...

Policy & Regulation

ASIC cancels Financial Circle’s licence

The Australian Securities and Investments Commission has cancelled the Australian financial services licence and credit licence of Financial Circle....