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ASIC
Funds management
Unlicensed conduct by OTC derivative providers has dramatically increased, and ASIC has clamped down on 40 unlicensed providers. ...
Accounting
A former accountant and PIS authorised representative is facing ASIC charges alleging fraud amounting to $800,000....
Financial planning
ASIC has cancelled the AFSL of Sydney-based general product advice provider, Etern Wisdom, for breaching both its obligations and its licence conditions. ...
Financial planning
ASIC has removed additional conditions it imposed on Macquarie Bank’s AFSL after a review by KPMG found no additional breaches to those the bank had already reported. ...
Financial planning
ASIC has cancelled the AFS licence of wholesale service provider, Ergo Capital, for failure to comply with a number of its obligations....
Superannuation
ASIC has warned 185 SMSF auditors they face deregistration if they don’t lodge their annual statements and pay their outstanding fees....
Funds management
Macquarie Securities has paid a $120,000 penalty after the corporate regulator found it had breached market integrity rules and narrowed filter parameters. ...
Policy & Regulation
ASIC has cancelled the AFS licence of a Queensland-based financial services firm, Advamode Financial, at the company’s request....
Funds management
ASIC commences proceedings against Macquarie Investment Management in relation to its role as the responsible entity of one of the van Eyk funds....
Policy & Regulation
At least one mortgage broker is confident that, unlike financial planning commissions, ASIC will not use its current review to kick mortgage commissions into touch....
Funds management
ASIC has identified serious non-compliance issues and significant failures in the retail OTC derivatives industry....
Financial planning
The AAT has reduced the banning term imposed by ASIC for a former Sydney-based financial adviser of Lionsgate Financial Group, Atish Prasad....
Editorial
Mike Taylor writes that ASIC’s proposal for a regulatory sandbox may prove to be a decisive element in the growth of Australian fintechs....
Features
A double dissolution election has left many financial planning policies in limbo, and advisers are demanding certainty on at least three key issues, Malavika Santhebennur...
Financial planning
Plaintive law firm, Slater and Gordon, has moved to leverage ASIC’s ‘best interests’ legal action against NSG Financial Services, seeking unhappy clients who want to purs...
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MARKET INSIGHTS
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...