ASIC

People & Products

AAT reduces banning period of former Hobart planner

The Administrative Appeals Tribunal has reduced the length of a banning order made against former Hobart financial planner Troy Williams, that prohibited him from providi...

Policy & Regulation

ASIC bans SMSF financial adviser

ASIC has banned Queensland financial adviser, James Cribb, from providing financial services for four years. ...

Life/Risk

ASIC urges consumer action on insurer breaches

The Australian Securities and Investments Commission has urged giving consumers the right to take legal action against insurers who breach the Financial Services Council’...

Policy & Regulation

ASIC throws remuneration into intervention mix

The Australian Securities and Investments Commission has canvassed its product intervention power being extended to identifying inappropriate remuneration structures....

Policy & Regulation

Phoenix Hotline will oust dodgy directors

The Government has established a Phoenix Hotline to combat the phoenixing activity of dishonest directors and their companies. ...

Outsider

Not an ASIC gouge, but possibly a round-up

Don’t anyone dare suggest that the registries run by the Australian Securities and Investments Commission (ASIC) are a fee-gouging exercise....

Features

When bank distribution strategies meet an enforceable undertaking

Mike Taylor writes that the enforceable undertakings entered into by the Commonwealth Bank (CBA) and ANZ over retail superannuation product distribution point to the peri...

Policy & Regulation

CBA pays $20m in fines for BBSW

The Commonwealth Bank of Australia has entered an enforceable undertaking with the regulator for its participation in the setting of the Bank Bill Swap Rate. ...

Policy & Regulation

Planner pleads guilty to vote-rigging

Wodonga financial planner Neil John Evans pleads guilty to vote-rigging in the director elections for WAW Credit Union Co-Operative....

Policy & Regulation

CBA, ANZ cop EUs and $1.25 million fines from ASIC

The Commonwealth Bank of Australia and ANZ have entered into an enforceable undertaking to change the way they distribute superannuation products....

Policy & Regulation

ASIC slaps permanent ban on former NAB employees

The Australian Securities and Investments Commission has permanently banned former National Australia Bank employees, Danny Merheb and Samar Merjan. ...

Policy & Regulation

ASIC registry fees don’t fund regulation: O’Dwyer

The business registry fees collected by the Australian Securities and Investments Commission do not fund its regulatory work despite media coverage saying otherwise, Kell...

Policy & Regulation

Refocus Financial Group faces ASIC

The Australian Securities and Investments Commission has taken action against Refocus Financial Group in the Queensland Supreme Court....

Policy & Regulation

Goldman Sachs cops EU from ASIC

The Australian Securities and Investments Commission has accepted an enforceable undertaking from Goldman Sachs Australia to improve controls....

Policy & Regulation

ASIC seeks to wind up Linchpin and Endeavour

The Australian Securities and Investments Commission has commenced proceedings against Linchpin Capital Group and Endeavour Securities following an investigation....