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ASIC
Financial planning
The FSC Leaders Summit has been told ASIC should be responsible for ensuring planner professional associations are actually fit for purpose....
Financial planning
ASIC has cancelled ICBC Capital’s Australian financial services licence following the application made by one of the company’s creditors....
Policy & Regulation
The Productivity Commission will undertake a study on the enforcement and administration arrangements which frame the Australian Consumer Law....
Financial planning
Former Wickham Securities' CEO, Garth Peter Robertson, has pleaded guilty to various charges, including fraud, for dishonestly attaining funds and property, and for provi...
Financial planning
An ASIC review of allegations against IOOF has substantially cleared it on insider trading allegations but has imposed a comprehensive review by an external compliance co...
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....
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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...