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ASIC
Editorial
Mike Taylor writes that the reporting of breaches needs to be accepted as not only a legal obligation but part and parcel of running a financial services company. ...
Superannuation
ASIC has disqualified SMSF auditor Peter Brennan after his performance was found to be deficient along with failing to provide audit reports to three funds....
Life/Risk
ASIC’s continuing investigation of ACE Insurance results in an adviser being permanently banned....
Policy & Regulation
After two breaches of financial services law Allianz have refunded about 20,000 customers over $1.4 million....
Financial planning
A life/risk adviser has been banned for four years by ASIC who acted on information provided by his licensee, Risk Advice Specialists, which has ceased to trade....
Financial planning
A former credit representative has been given 350 hours of community services after investigations by ASIC found he was guilty to three charges of creating false document...
Financial planning
ASIC has banned a former Provident Capital director from providing financial services for two years, after finding he had engaged in misleading or deceptive conduct in re...
Financial planning
Payday lender Money3 will refund $100,000 to consumers following breach concerns from ASIC, despite finding it did not violate its responsible lending obligations....
Life/Risk
ASIC has forced One Big Switch to review its legal compliance after the group operated without a licence....
Financial planning
Banned Queensland-based planning principal, Bradley Thomas Sherwin, will face 34 charges relating to fraud following an ASIC investigation....
Funds management
Large scale asset managers have not added to financial instability but weathered the financial crisis well according to ASIC and IOSCO chair, Greg Medcraft....
Policy & Regulation
ASIC has lost a legal action to penalise Mariner and past and current directors relating to a proposed takeover offer for Austock....
Life/Risk
ASIC signals that despite the industry’s position responding to Trowbridge, it is continuing to pursue enforcement over life/risk misconduct....
Financial planning
ASIC chairman, Greg Medcraft says the regulator has a $50 million war chest that he’s ready to use against banks, planners and other miscreants....
Financial planning
A New Zealand man who spent 60 months imprisoned in the US has been permanently banned from providing financial services by ASIC after offering unlicensed financial servi...
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MARKET INSIGHTS
Podcast
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...