ASIC

Financial planning

Listed entities should prioritise continuous disclosure obligations over any other stakeholder engagement goals, ASIC Commissioner John Price said....

Financial planning

Shine Lawyers to investigate FTS

Class action specialists, Shine Lawyers, are investigating claims against Queensland based financial advice firm FTS....

Financial planning

Credit Suisse fined for market error

Credit Suisse has paid a fine of $88,400 for a costly trading error that was not properly reported. ...

Financial planning

ASIC cancels seven AFSLs

ASIC has cancelled the AFSLs of seven licensees who did not have adequate professional indemnity insurance....

Financial planning

ASIC enforcement report skirts headlines

ASIC’s enforcement report for the first six months of this year appears to have skirted the issues that made the biggest headlines....

Financial planning

Financial literacy strategy to take a generation to succeed

Despite the success of Government initiatives it will take a generation to bring about significant change in Australians’ financial literacy, Parliamentary secretary to t...

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...