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ASIC
Financial planning
ASIC has cancelled the AFSL of a Western Australian insurance provider for breaches of various reporting, financial and other licensee obligations....
Financial planning
ASIC has cancelled Dunfo Capital’s AFSL after giving the firm six months to meet its legal obligations and licence conditions. ...
Financial planning
ASIC received 970 AFSL applications during the January-June period, with nine licences suspended and a further 98 cancelled....
Financial planning
ASIC has accepted an EU from a former Millennium3 representative, and an AMP representative father-son duo following concerns over their compliance with the law. ...
Life/Risk
ASIC has banned a life insurance adviser for three years after he did not meet adviser standards expected and failed to comply with financial services law....
Financial planning
ASIC said documentation won't change consumer biases and behaviours, and has called on institutions to lead consumers to appropriate choices while examining their own cul...
Financial planning
ASIC has banned a former authorised representative of a NAB-aligned financial group for five years for inappropriate advice. ...
Funds management
ASIC has launched Federal Court proceedings to wind up Avestra Asset Management, over allegations of persistent breaches of its duties....
Life/Risk
ASIC alleges Jamie McIntyre firms and Macro Realty Development have contravened the Corporations Act through a proposed property investment....
Financial planning
ASIC finds consumer leases market is failing low income earners and can be a very expensive household goods option....
Financial planning
ASIC has urged advisers and licensees to update details on its Financial Adviser Register (FAR) or be hit with new fees and charges....
Superannuation
Proposed ASIC class order changes to fees and costs disclosure are so opaque one industry group has called for whiteboards and an industry roundtable to dissect them....
Financial planning
Regulators like ASIC and APRA were requesting their overseas counterparts to help them scrutinise financial institutions, a law firm said....
Financial planning
A NSW-based tax and credit agent has been banned from providing financial services for four years after signing off on false documents created by his ex-wife....
Policy & Regulation
The Australian Securities and Investments Commission chairman, Greg Medcraft, wants access to a penalty regime which can be scaled to fit the magnitude of crimes....
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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...