ASIC

Policy & Regulation

Australia's two financial services regulators have acknowledged the level of stress and uncertainty being experienced by financial services companies as a result of the G...

Financial planning

Morrison Carr director not of good fame, says ASIC

ASIC confirms reasons for cancelling Morrison Carr licence and director banning....

Editorial

When name calling hurts

Mike Taylor writes that the reputational damage often suffered by the financial planning industry might be substantially reduced if regulators and the media were a little...

Financial planning

ASIC pays out to cold-caller victims

ASIC will distribute $81,500 to investors duped by a cold-calling scam....

Financial planning

National planning business has AFSL cancelled

ASIC has cancelled the AFSL of 42-planner dealer group Morrison-Carr and permanently banned its sole director Dennis Cardakaris from providing financial services....

Financial planning

Five-year ban for Sydney businessman

ASIC has imposed a five-year ban on Sydney businessman Leigh Barker for misleading investors and losing $12.5 million....

Policy & Regulation

Questions raised on ASIC's FOFA approach

Some question the background of key ASIC personnel handling FOFA regulatory development....

Financial planning

National planning business banned

ASIC has cancelled the AFSL and national credit license of 42-planner dealer group Morrison Carr Financial Services....

Financial planning

ASIC freezes Investment Intelligence funds

ASIC has frozen $3.4 million in funds held by Investment Intelligence Corporation amid suspicion it operated without an AFSL....

Financial planning

Codes to achieve same outcomes as opt-in

Professional codes of conduct that meet approval in terms of obviating the need for financial advisers to comply with opt-in will need to achieve the same outcomes as opt...

Life/Risk

ASIC urges consumers to consider alternatives to funeral insurance

Funeral insurance could be the most expensive way to manage funeral costs, and ASIC is urging investors to consider all the alternatives....

Financial planning

ASIC proposes rules for CGS trading

ASIC has released a consultation paper on the public trading of Commonwealth Government Securities in a bid to develop a broad, liquid corporate bond market....

Financial planning

Former company director pleads guilty to criminal charges

A former director of a purported investment company has pleaded guilty to three criminal charges following an Australian Securities and Investments Commission investigati...

Financial planning

RHG Mortgage Corporation to refund $3.3 million

The company formerly known as RAMS Mortgage Corporation will refund more than $3.3 million to its customers after charging what the regulator considered unfair early term...

Editorial

Protecting investors from themselves

An Australian Crime Commission report into investment scams has underscored the role financial planners have in protecting investors from themselves....