ASIC

Financial planning

Adviser reputation back to square one: Brogden

The Senate inquiry of ASIC into its handling of the Commonwealth Bank is so negative it has tarnished trust in advisers, according to John Brogden....

Financial planning

ASIC accepts EU from PGW

ASIC has accepted an enforceable undertaking (EU) from PGW Financial Services....

Financial planning

FOS rebuts harsh criticism

The Chief Ombudsman has sought to refute claims that FOS is unaccountable and in urgent need of review....

Financial planning

PIS gets thumbs up at conclusion of monitoring program

PIS has completed a monitoring program with ASIC stating the group had made significant improvements in compliance and audit functions...

Funds management

ASIC confers on derivatives reporting

ASIC is seeking industry feedback to proposed changes to the rules that require compulsory trade reporting of OTC derivatives....

Policy & Regulation

Macquarie says its on track on EU

Macquarie has used its AGM to claim it is on track in meeting the terms of its 2013 Macquarie Private Wealth enforceable undertaking....

Financial planning

Automated advice and social media remains unchartered domain

Regulators around the world are still trying to grapple with the unique challenges of regulating the use of mediums like social media and automated advice by intermediari...

Financial planning

Federal Court grants interim asset preservation orders against WA adviser

The Federal Court has made interim asset preservation orders by consent against former Western Australia-based financial adviser Marion Joan Pearson and Colisa Pty Ltd, f...

Financial planning

Sydney-side ex-adviser banned

A former financial adviser has been permanently banned from providing financial services by ASIC....

Funds management

ASIC disappointed by review of property scheme disclosure

A review of disclosure to investors by the unlisted property industry has been described as “disappointing” by ASIC....

Financial planning

‘Dishonest’ adviser gets permanent ban

Queensland-based financial adviser, Thanh Quoc Tu, who misled clients, has been permanently banned from engaging in the provision of financial services by ASIC. ...

Financial planning

ASIC cancels eight AFS licences

ASIC has cancelled eight Australian Financial Services licences, after its review of licensees who failed to lodge audited annual statements....

Financial planning

Royal Bank of Scotland enters EU with ASIC

ASIC has accepted an enforceable undertaking from The Royal Bank of Scotland PLC and The Royal Bank of Scotland NV in relation to potential misconduct involving the Austr...