ASIC

Financial planning

Banned Queensland-based planning principal, Bradley Thomas Sherwin, will face 34 charges relating to fraud following an ASIC investigation....

Funds management

Asset managers do not pose financial risks

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 loses legal bid to disqualify Mariner directors

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 pursuing life/risk enforcement despite Trowbridge

ASIC signals that despite the industry’s position responding to Trowbridge, it is continuing to pursue enforcement over life/risk misconduct....

Financial planning

Medcraft ready to use $50m ‘war chest’

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

NZ man previously convicted in US gets ban from ASIC

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...

Policy & Regulation

ASIC gets EU pass mark, with caveats

The Auditor-General has given ASIC a pass mark on how it handles EUs, agreeing it does not favour the big end of town but urging more transparency around negotiated outco...

Financial planning

Former Westpac staffer faces $2.5m fraud charges

A banned former Westpac Bank Finance Manager will appear before Southport Magistrate Court next month to face fraud charges. ...

Funds management

BBY receivers to transfer clients to other broker

Clients of suspended stockbrokers BBY Ltd will be transferred to other brokerages after the company entered voluntary administration last week....

Financial planning

TCI Capital Advisers’ AFSL cancelled

ASIC has cancelled Melbourne-based advice group, TCI Capital Advisers’ AFSL over compliance concerns....

Financial planning

ASIC and Treasury told to be realistic

ASIC and the Federal Treasury have been told to get real about the time needed to implement significant legislative and regulatory change in financial services....

Financial planning

ASIC turns focus to women finances

The corporate regulator has launched a money toolkit tailor-made for women, as part of its push for financial literacy....

Policy & Regulation

ASIC targets margin FX provider

ASIC has cracked down on a margin foreign exchange provider after it provided unlicensed financial services to Australian investors and had misleading information on its...

Financial planning

ASIC’s registry business on the market

The Government has moved to market test the sale of ASIC’s registry business....

Policy & Regulation

ASIC cancels licence of FX provider.

ASIC has cancelled the AFSL of an foreign exchange provider after an investigation found it failed with its obligations, including making false and misleading statements....