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ASIC
Financial planning
ASIC has accepted an enforceable undertaking (EU) from a Perth financial services firm after concerns about its risk management and compliance framework....
Life/Risk
ASIC has put insurers on notice to address serious failures in the sale of add-on insurance through car dealers....
Financial planning
ASIC cancelled The Sharemarket College’s AFS licence and banned its responsible managers from providing financial services for making misleading claims....
Superannuation
ASIC has simplified the registration process for prospective SMSF auditors, to reduce red tape and save time for applicants....
Financial planning
ANZ Bank will refund $28.8 million in fees to more than 390,000 customers for failing to disclose when periodical payments would apply....
Financial planning
Former CEO of Wickham Securities has been sentenced to five years’ imprisonment in respect of 11 fraud offences....
Financial planning
The operational standards in ASIC’s RG255 on robo-advice appear to be quite low, FinaMetrica believes....
Financial planning
ASIC has released a regulatory guidance for digital advice providers which requires them to monitor and test their own algorithms on a regular basis to ensure advice is a...
Financial planning
The Federal Court has ruled Storm Financial directors breached their duties under the Corporations Act and provided inappropriate advice to investors without accounting f...
Policy & Regulation
ASIC has banned two former Macquarie advisers for poor advice and lack of compliance as part of its Wealth Management Project. ...
Funds management
Macquarie Investment Management has been subject to civil penalties in the NSW Supreme Court over its role as responsible entity for the van Eyk Blueprint funds....
Financial planning
The corporate regulator has accepted an EU from My Adviser, after finding instances of poor advice provided by disgraced property developer, Craig Gore. ...
Funds management
Some confusion remained over ASIC’s rules on the timeframe within which licensees must report changes in entity control but licensees should abide by the original 10-day ...
Life/Risk
ASIC has cancelled the Australian financial services license held by Marigold Falconer International Limited....
Financial planning
ASIC has banned a former Macquarie Equities Limited representative from providing financial services for five years for inappropriate advice and engaging in unauthorised ...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...