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ASIC
Financial planning
Provisional liquidators Leanne Chesser and Craig Shepard have been appointed to investigate financial services provider Ostrava Equities in response to an application by ...
Financial planning
The financial advice industry is facing systemic issues rather than being plagued by just a few bad apples, says ASIC deputy chairman, Peter Kell....
Superannuation
The Australian Securities and Investments Commission has taken another look at the ISA’s compare the pair advertising campaign amid Senate suggestions it does not compare...
Financial planning
The FPA has provided Treasury with its submission on the proposed industry funding model for ASIC. In its submission, the FPA has highlighted its concerns about the equit...
Editorial
If planners and licensees are asked to cede ground on the monetary and time limits which apply to FOS claims, then consequent FOS decisions must be laid open to appeals, ...
Financial planning
Following an ASIC investigation on contraventions of the Corporations Act, Ostrava Equities and its related equities have been appointed provisional liquidators....
Financial planning
A wholesale service provider’s AFSL has been cancelled by ASIC at the business’s request, two months after the regulator suspended it....
Financial planning
ASIC has permanently banned Isaac Hakim from providing financial services after he misled clients on broker fees and insurance premiums....
Life/Risk
Park Trent Properties Group has been found to have given unlawful advice to over 860 people to establish and switch funds into an SMSF....
Policy & Regulation
The Government’s FSI response has delivered on higher educational standards for planners together with enshrinement of the term “financial planner/adviser”....
Financial planning
Wealth Today managing director, Greg Pennells, has called for robo-advice to be outlawed, calling it a ridiculous innovation that takes a one-size-fits-all approach to fi...
Policy & Regulation
LSG Group’s AFSL has been cancelled by ASIC after it failed to comply with the conditions on its licence and financial services laws....
Financial planning
ASIC has announced the permanent banning of a former Westpac authorised representative from providing financial services....
Policy & Regulation
The AIST called for transparency on ASIC’s industry funding model, cautioning against any decision-making until a cost recovery impact statement was available. ...
Outsider
Every once in a while, about as often as a solar eclipse, Outsider’s employer allows him to travel up the front of an aeroplane, usually meaning a seat in business class...
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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?...