ASIC

Policy & Regulation

ASIC charges IT consultant with insider trading

The securities regulator has charged Sydney-based IT consultant Steven Oakes with unauthorised access to data held in a computer, insider trading, and destroying or conce...

Policy & Regulation

ASIC seeks consultation on short selling

The securities regulator is seeking feedback on various proposals relating to both naked and covered short selling....

Financial planning

ASIC: Trails equate to ongoing fees

The Australian Securities and Investments Commission has told the Royal Commission that grandfathered trail commissions equate to ongoing fees....

Policy & Regulation

ASIC exhorted to become ‘active cop’

The Federal Treasurer, Scott Morrison has exhorted the Australian Securities and Investments Commission to utilise the additional powers and resources it has been handed ...

Policy & Regulation

ASIC and APRA monetary winners from Royal Commission

The financial services regulators have emerged as substantial Budget funding winners from the Royal Commission with financial services firms expected to foot much of the ...

Policy & Regulation

Insurance broker permanently banned

The Australian Securities and Investments Commission has permanently banned Perth insurance broker, Antonino Gucciardi. ...

Policy & Regulation

CBA, ASIC settle rate-rigging case

The Commonwealth Bank has reached an agreement with the regulator to settle legal proceedings relating to claims of manipulation of the Bank Bill Swap Rate....

Financial planning

ASIC brings proceedings against NSW adviser

The Australian Securities and Investments Commission (ASIC) has commenced proceedings against financial adviser Graeme Walter Miller and his related businesses....

Policy & Regulation

Government looks to crack down on white collar crime

The Federal Government has accepted the majority of the Senate White Collar Crime Report’s recommendations, as it seeks to look like it’s cracking down on penalties for c...

Policy & Regulation

Planner charged for fraudulent WAW vote

The Australian Securities and Investments Commission has charged Neil John Evans for fraudulently voting in the director elections for WAW Credit Union Co-Operative Limit...

Policy & Regulation

ASIC takes aim at “initial coin offerings”

The regulator has set its sights on misleading or deceptive conduct in the marketing or selling of “initial coin offerings” of digital or virtual tokens....

Policy & Regulation

ASIC disqualifies SMSF auditor

The Australian Securities and Investments Commission has disqualified Western Australia-based Paul Tattersall from being an approved self-managed superannuation fund audi...

Policy & Regulation

ASIC cancels 117 SMSF auditors’ registration

The Australian Securities and Investments Commission has cancelled the registration of 117 self-managed superannuation fund auditors. ...

Policy & Regulation

Commbank enters EU after adverse APRA report card

The Commonwealth Bank has entered an Enforceable Undertaking with the Australian Prudential Regulation Authority after a Prudential Panel identified multiple failings inc...

Policy & Regulation

Brokers banned over fraud

The Australian Securities and Investments Commission has permanently banned three Sydney-based mortgage brokers from engaging in credit activities. ...