ASIC

Financial planning

ASIC bans a former financial adviser after contravening financial services law when advising SMSF clients....

Policy & Regulation

The FPA supports user-pays funding for ASIC but only if it is equitable across the industry....

Financial planning

The Australian Securities and Investments Commission has flagged that bank planners and vertical integration are on the enforcement agenda for 2015/16....

Policy & Regulation

Financial services users will be hit with increased costs if the Government pursues a ‘user pays’ funding model for ASIC, bankers warn....

Policy & Regulation

Assistant Treasurer, Josh Frydenberg, has launched a public consultation to gage stakeholder views on the potential introduction of an industry funding model for ASIC....

Accounting

The Institute of Public Accountants (IPA) has urged its members to heed ASIC’s warnings about time running out to pursue the new limited licensing regime....

Accounting

Accountants are being warned to start their applications for limited AFSLs now or risk missing the 1 July 2016 deadline....

Financial planning

A liquidator has been appointed for a Perth-based private investment company after ASIC lodged an application following complaints of fraud against the companies....

Accounting

More than half of the 160 accountants who have applied for a limited AFSL have not been granted licences by ASIC....

Financial planning

ASIC has continued to express concerns around the culture of advice and frontline staff in banks, and has advised its enforcement teams to go for harsher penalties....

Policy & Regulation

After a change of directors the Australian Capital Markets Advisory Services was unable to meet its AFSL obligations, and as a result its license has been suspended....

Life/Risk

Companies associated with the Nicheliving Group have paid $40,800 in penalties relating to misleading online and TV ads for investment properties....

Life/Risk

ASIC is taking action over companies associated with the 21st Century Group and Jamie McIntyre as it alleges five banking schemes are unregistered managed investment sche...

Financial planning

ASIC enforcement activities have led to three advisers receiving jail sentences in the first half of 2015, the regulator reveals....

Funds management

Ausbil Investment Management is paying $18 million in compensation to investors affected by a fee inconsistency in the Ausbil Investment Trusts – Australian Emerging Lead...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 4 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

2 weeks 5 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 weeks 3 days ago

The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets....

3 weeks 4 days ago