ASIC

Editorial

ASIC turns the idea of 'innocent until proven guilty' on its head

The Australian Securities and Investments Commission has outlined the draft ground rules on conflicted remuneration and, as Mike Taylor writes, there are inevitable impac...

Financial planning

Madison to base compliance around estate planning

Madison Financial Group is rolling out a compliance framework that uses estate planning as a context for the best interests duty....

Financial planning

ASIC targets complex retail products

Complex retail products will come under the ASIC's scrutiny due to poor market returns and growth in the self-managed super fund (SMSF) sector....

Editorial

Independent financial advisers are alive and well

While FOFA and a number of other factors have seen many planners moving under the umbrellas of the major banks and institutions, the independent financial advice sector i...

Financial planning

ASIC provides new information guides on reporting misconduct

The Australian Securities and Investments Commission (ASIC) has released information to the public in relation to its approach to handling tip-offs, complaints, informati...

Financial planning

Opposition questions ASIC

The Federal Opposition has questioned ASIC over its failed move against Fortescue Metals....

Financial planning

ASIC to presume guilt on volume rebates

Financial planning groups will lose the presumption of innocence where volume rebates are concerned....

Financial planning

Credit Suisse pays $52,000 penalty to ASIC

Credit Suisse's Australian equities arm has paid a $52,000 penalty to ASIC after a glitch in its automatic order processing system was found to have breached "the efficie...

Financial planning

ASIC's short-selling ban came at a cost

A review of ASIC's GFC short-selling ban has identified the benefits and the costs - and the fact the regulator would likely do it again....

Financial planning

ASIC bans two former planners

The Australian Securities and Investments Commission has banned two former planners for three years and six years, respectively....

Financial planning

Hedge fund definition presents a catch-all concern

The recently announced industry standard for defining a hedge fund presents a catch-all concern to unaware fund managers....

Financial planning

CommSec fingered in fake trading action

Commonwealth Securities (CommSec) has been forced to pay $50,000 to the Australian Securities and Investments Commission (ASIC) as penalty for its involvement in a mislea...

Funds management

Hedge fund definition presents a catch-all concern

The recently announced industry standard for defining a hedge fund presents a catch-all concern to unaware fund managers....

Life/Risk

Vero Insurance signals hefty PI price hike

Insurance brokers have told Money Management Vero Insurance representatives have alerted them to a price hike of up to 50 per cent to Vero's professional indemnity insura...