ASIC

Financial planning

Tasmanian financial adviser banned permanently

ASIC has permanently banned Tasmanian financial adviser, Kenneth Drake, from providing any financial services following his conviction of two counts of stealing....

Financial planning

Former HSBC financial planner permanently banned

ASIC has permanently banned a former HSBC financial planner from financial services for dishonest conduct in relation to millions of dollars of clients’ funds....

Accounting

Education providers swamped with accountant questions

Accountants are increasingly flooding education providers with questions in the lead up to the accountants’ exemption as well as ASIC’s soft deadline of 1 March....

Financial planning

Fed Court upholds ASIC right on possible ban

An application made by a former AMP planner to restrain ASIC from making a banning decision has been dismissed by the Federal Court....

Financial planning

Ex-Genesys AR pleads guilty to dishonesty

A former director of Genesys’ authorised representative, Vanguard Financial Planning, has pleaded guilty to misusing his position to gain financial advantage for someone ...

Financial planning

Former Countplus-aligned adviser removed from financial services

A Queensland-based financial adviser who worked for a Countplus-aligned firm has been permanently banned from the financial services industry after he was found not to h...

Superannuation

Super funds make robo-advice a means to an end

Super funds see robo-advice as a service they will provide free to members as a channel to comprehensive offerings that will attract a charge....

Financial planning

ASIC suspends Marigold AFSL

ASIC has suspended Marigold Falconer International’s AFSL after it failed to have a current indemnity insurance and lodge financial statements on time....

Financial planning

ASIC accepts EU from former Synchron adviser

ASIC has accepted an EU from a former Victorian Synchron adviser under which he has to withdraw from financial services for three years after he failed to comply with fin...

Financial planning

HSBC slapped with EU for poor advice

ASIC has accepted an EU from HSBC for potentially giving poor advice to clients on retail structured products without collecting sufficient information and considering th...

Financial planning

Former CBA planner charged with forgery

A former CBA planner allegedly forged client signatures to meet the requirements of CBA’s internal audit process, following an ASIC investigation....

Financial planning

Convicted planner permanently banned

ASIC has permanently banned a NSW financial services licence holder from providing financial services after it found he was convicted of multiple counts of fraud and othe...

Editorial

ASIC fishing in the claims management pond

The Australian Securities and Investments Commission has acknowledged that it has had little cause to scrutinise insurance claims handling and it will be highly reliant o...