ASIC

Outsider

And as the sun slowly fades into the west ... Outsider notes the impending departure of Australian Securities and Investments Commission deputy chairman, Peter Kell....

Policy & Regulation

AAT overturns ASIC ban of Perth adviser

The Administrative Appeals Tribunal has set aside a decision by the regulator to ban Perth adviser Robert Hutchison from providing any financial services....

Policy & Regulation

ASIC looks to stop several retail crypto offerings

The securities regulator said it has taken action to stop several proposed initial coin offerings or “token-generation events” that target retail investors....

Policy & Regulation

It’s official: ASIC uncoupled from public service

The Australian Securities and Investments Commission has been formally legislatively uncoupled from the Australian Public Service, allowing it to employ people on competi...

Policy & Regulation

Kell to leave ASIC before year’s end

Peter Kell has resigned as deputy chair of the Australian Securities and Investments Commission, effective from 6 December, this year, following seven years of service at...

Policy & Regulation

ASIC bans former Macquarie advisers

The Australian Securities and Investments Commission has banned two former Macquarie advisers from providing financial services for 10 years. ...

Policy & Regulation

ASIC has a case to answer, says Frydenberg

The Federal Treasurer, Josh Frydenberg says he believes the Australian Securities and Investments Commission has a case to answer for the issues raised in the Royal Commi...

Financial planning

ASIC permanently bans unlicensed financial adviser

The regulator has permanently banned unlicensed financial adviser, Senen Pousa, from providing financial services or engaging in credit activity....

Financial planning

ASIC takes civil action against Dover, McMaster

The regulator has commenced civil action in the Federal Court against Dover Financial Advisers and its sole director, Terry McMaster....

Policy & Regulation

ASIC takes on ANZ in Fed Court

The Australian Securities and Investments Commission has commenced civil proceedings against ANZ Banking Group....

Policy & Regulation

ASIC gives regulatory nod to new Chi-X product

The securities regulator has updated market integrity rules to facilitate the introduction of Chi-X Australia’s new financial product known as transferable custody receip...

Policy & Regulation

AAT supports Westpac adviser’s ban

The Administrative Appeals Tribunal has upheld the Australian Securities and Investments Commission’s decision to ban Perth-based Westpac adviser....

Policy & Regulation

Super funds drag feet on joining AFCA

Most financial planning groups may have signed up with the new Australian Financial Complaints Authority, but superannuation funds appear to be dragging their feet....

Life/Risk

CBA not “frank and open” in dealings with FOS, RC told

CBA has acknowledged that it was not frank and open in a dispute with the Financial Ombudsman Service, the Royal Commission has been told....

Policy & Regulation

ASIC gives AFCA rules tick of approval

The Australian Securities and Investments Commission has approved the Australian Financial Complaints Authority’s Complaint Resolution Scheme Rules. ...