ASIC

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....

Financial planning

FPA throws support behind ASIC’s tips to improve SMSF advice

The Financial Planning Association said it supports the practical tips that ASIC has provided to planners to improve the quality of the advice they give to clients....

Financial planning

SMSF advice fails ASIC scrutiny

As much as 90 per cent of advice provided in setting up a self-managed superannuation fund was non-compliant, according to a new Australian Securities and Investments Com...

Financial planning

SMSF Association responds to ASIC criticism

The SMSF Association has downplayed some elements of the highly critical ASIC report suggesting high levels of non-compliant advice, claiming suggestions of client detrim...

Policy & Regulation

ASIC accepts variation to NAB undertaking

The securities regulator has accepted a variation to an enforceable undertaking provided by NAB relating to its wholesale spot foreign exchange business....

Financial planning

ASIC calls on OTC derivatives sector to improve practices

The Australian Securities and Investments Commission has called on the retail over-the-counter derivatives sector to improve its practices....

Policy & Regulation

ASIC slaps 4-year ban on former NAB adviser

The Australian Securities and Investments Commission has banned a National Australia Bank financial adviser from providing financial services after finding he was not ade...

Financial planning

ASIC targeting licensees for sins of past planners

A pattern has emerged as the Australian Securities and Investments Commission pursues prosecutions against licensees for the best interest failings of planners....

Financial planning

AMP offers cautious response to ASIC court action

AMP has issued a careful statement in response to the Australian Securities and Investments Commission’s legal action against AMP Financial Planning, saying it had report...

Policy & Regulation

ASIC takes AMP Financial Planning to court

The Australian Securities and Investments Commission has commenced proceedings against AMP Financial Planning in the Federal Court, alleging that it failed to ensure its ...

Policy & Regulation

ASIC bans adviser for seven years

The Australian Securities and Investments Commission has banned Mark Damion Kawecki from providing financial services for seven years. ...

Policy & Regulation

ASIC slaps conditions on Aurora’s AFSL

The investment regulator has imposed conditions on the financial services licence of Aurora Funds Management Limited following the misappropriation of $1 million of inves...

Policy & Regulation

ASIC accepts EU from Vantage

The Australian Securities and Investments Commission has accepted an enforceable undertaking from Vantage Global Prime Pty Limited....

Policy & Regulation

ASIC signs cross-border enhancement memorandum

The investment regulator has become one of the first signatories to an enhanced standard for cross-border enforcement cooperation....

Policy & Regulation

Fed Court approves CBA’s BBSW settlement

The Federal Court has approved the Commonwealth Bank’s $25 million settlement with the Australian Securities and Investments Commission regarding the Bank Bill Swap Rate....