ASIC

Financial planning

‘Ex-adviser’ banned over market manipulation

ASIC has banned former ‘adviser’, Tony Davidof, from providing financial services for three years....

Financial planning

Forensic report identifies more CBA problematic client files

A forensic investigation has identified 17 more CBA planners requiring investigation and possible client compensation....

Financial planning

Tanzer’s ASIC appointment extended

The Federal Government has extended until next November the appointment of ASIC Commissioner, Greg Tanzer....

Financial planning

ASIC bans ex-NAB adviser

ASIC’s Wealth Management Project has claimed its tenth scalp, banning a former NAB authorised representative. ...

Financial planning

Gaps remain in advisers’ PI policies

Hundreds of advice firms may not have PI policies that meet ASIC’s RG126 requirements, a report reveals....

Financial planning

ASIC proposes tough stance on clawback

ASIC has issued a discussion paper on the new Life Insurance Framework with a tough analysis of the clawback arrangements....

Financial planning

ASIC applies OTC derivative clearing regime

ASIC releases rules that apply Australia’s compulsory central clearing regime for over the counter (OTC) derivatives of financial institutions....

Life/Risk

ASIC bans NSW insurance broker

ASIC has permanently banned a NSW insurance broker from providing financial services after he was convicted of fraud....

Policy & Regulation

Culture regulation a beast for ASIC

ASIC will continue to focus on good culture in financial institutions but will find it a beast to regulate given it is a vague concept, a law firm says....

Accounting

ASIC accepts EU from liquidator

ASIC accepts enforceable undertaking from a liquidator at an Adelaide-based accounting firm after he failed to adequately investigate and document findings....

Funds management

ASIC remakes underlying investment class orders

ASIC releases consultation paper to remake three class orders relating to underlying investments into a single instrument....