ASIC

Policy & Regulation

The new chairman of the Australian Securities and Investments Commission has told a Parliamentary Committee the regulator needs competition powers to help it do its job....

Policy & Regulation

ASIC has banned a Queensland-based financial adviser for seven years after finding he had used his clients’ assets for his personal benefit. ...

Financial planning

The Australian Securities and Investments Commission has declared its intention to target licensees misusing general advice in product sales to avoid their best interests...

Policy & Regulation

The Australian Securities and Investments Commission has sent a message to financial services research houses by moving against a boutique provider which did not reveal c...

Policy & Regulation

ASIC has disqualified NSW SMSF auditor, Robert Taylor, for breaching fundamental independence requirements. ...

People & Products

The Turnbull Government has invited the states and territories to support the expansion of the ASIC MoneySmart Teaching program. ...

Superannuation

The Australian Securities and Investments Commission has applied to the Federal Court for the appointment of a liquidator to Superfunded, amid various allegations of misb...

Policy & Regulation

The Commonwealth Bank has hit back at one of the many organisations to level accusations against it in recent years, saying that it will fight the Australian Securities a...

Policy & Regulation

The Australian Securities and Investments Commission has banned Queensland financial adviser, Christopher Ramsay, from providing financial services for five years for fai...

Policy & Regulation

ASIC has permanently banned a New South Wales financial adviser from providing financial advice, following a finding that he dishonestly charged clients almost $67,000 in...

Financial planning

A financial planner’s years of experience has value and should be recognised, according to Australian Securities and Investments Commission deputy chairman, Peter Kell....

Financial planning

ASIC has been asked within a Parliamentary Committee hearing whether it will scrutinise financial advice provided by industry funds in the same way it scrutinised that pr...

Policy & Regulation

Australia’s five largest banking and financial services institutions have paid a further $21.4 million to customers who suffered losses as a result of non-compliant condu...

Policy & Regulation

Two directors of financial services company, One Investment Services, have entered into an enforceable undertaking with ASIC following misconduct in their application for...

Policy & Regulation

The new chairman of the Australian Securities and Investments Commission, James Shipton, has signalled a substantial continuation of the Medcraft agenda....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 3 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 week 6 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

4 weeks ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 weeks 5 days ago