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ASIC
Financial planning
The chairman of the Senate Committee reviewing ASIC laments that its greatest successes appear to have occurred after the damage has already been done....
Funds management
The Commonwealth Bank and HSBC have changed their advertising for certain structured products aimed at retail investors after ASIC deemed them potentially misleading. ...
Financial planning
A former Bell Potter Securities client adviser has been permanently banned from providing financial services after he was convicted of offences involving dishonesty. ...
Financial planning
ASIC signals it will look to the most senior levels when it detects a bad compliance culture....
Financial planning
Credit Suisse Equities Australia has paid a penalty of $95,000 for not having in place adequate resources for its Automated Order Processing (AOP) system to account for c...
Financial planning
A survey of APRA clients and users has rated it positively, but no references were made to Trio/Astarra....
Funds management
The Australian Securities and Investments Commission (ASIC) has released final rules around over-the-counter (OTC) derivatives trade reporting obligations for financial i...
Editorial
When Commonwealth Financial Planning was subjected to an enforceable undertaking imposed by ASIC in 2011, it was the subject of a good deal of media coverage in Money Man...
Life/Risk
Some progress appears to be being made towards finding common ground on life/risk sustainability and churn....
Life/Risk
The Australian Securities and Investments Commission (ASIC) has permanently banned Travers David Loy from providing financial services after investigation found that he h...
Funds management
Retail derivatives issuer Apex Derivatives will be wound up after ASIC received orders in the Federal Court....
Editorial
Despite the Parliament having risen for the winter recess, and probably for the last time before a Federal election, it will nonetheless be difficult to keep politics out...
Financial planning
The regulator permanently bans a planner and insurance broker in separate actions....
Financial planning
While bank-owned dealer groups aggressively increased their adviser numbers in the last few years, non-aligned financial planning businesses have had to put serious brake...
Financial planning
FPA states that professional status requires association membership....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...