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ASIC
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...
Funds management
Australian and Singaporean regulators have signed a co-operation agreement to support innovative business and fintech companies as they foray into the respective markets....
Financial planning
Fintech start-ups can rely on third parties for sign off to meet their competence obligation but it isn’t clear whether they are liable if the start-up fails, a lawyer sa...
Funds management
ASIC has confirmed that Australians have a particularly high level of share ownership, both directly and through super....
Life/Risk
Petplan Australasia Pty Ltd is updating its Petplan advertising after customers were exposed to misleading insurance information....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...