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ASIC
Financial planning
There is less than a week to go before ASIC commences a compliance program on 1 August to ensure licensees have correct FAR records, and enforcement action is possible if...
Financial planning
A NSW-based adviser has been banned from providing financial services for five years for inappropriate advice and the AFSL of his business has been cancelled by ASIC....
Financial planning
The FAAA’s Phil Anderson has written an open letter calling for a public inquiry to uncover why the case of Dixon Advisory has been so closely guarded given the high volu...
Funds management
Four individuals face a $1 million fine after being charged with alleged market manipulation regarding a “pump and dump” scheme....
Financial planning
Proactive compliance risk management has become both a “regulatory necessity” and a “cornerstone of ethical excellence” for financial advice licensees, this compliance pr...
Financial planning
ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct....
Financial planning
A former Queensland-based financial adviser has been permanently banned by ASIC from providing financial services....
Financial planning
The decision to convict an NSW individual this week for unlicensed financial advice hinged on the use of disclaimers in a PowerPoint presentation....
Financial planning
A NSW individual has been convicted in Sydney’s District Court for providing unlicensed financial advice to individuals....
Financial planning
ASIC has updated some of its documentation in line with the DBFO Act receiving royal assent, with licensees reminded to stay on top of the changes....
Financial planning
Details have been shared regarding the failures in an adviser’s non-compliant statements of advice which led to a three-year ban as well as how improvements in his behavi...
Financial planning
While ASIC’s estimated FY24 levy only saw a slight $60 rise per adviser compared to the previous year, FAAA’s Sarah Abood believes it is still too high for a shrinking in...
Financial planning
ASIC has permanently banned a former Western Australia-based financial adviser after he falsified his adviser exam certificate....
Financial planning
ASIC has confirmed the estimated industry funding levy for the 2023–24 financial year and how much licensees can expect to pay....
Financial planning
A second financial adviser has seen their ASIC ban varied this week following a successful appeal to the Administrative Appeals Tribunal. ...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...