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ASIC
Financial planning
An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up b...
Financial planning
EXCLUSIVE As clients increasingly seek sustainability-related products and funds, advisers who recommend them could eventually fall under the greenwashing purview of regu...
Funds management
The Financial Services Council has updated its design and distribution obligations template for fund managers in line with concerns raised by ASIC about the initial regim...
Superannuation
The registrations of 29 self-managed superannuation fund auditors have been cancelled by ASIC for failing to lodge annual statements....
Editorial
Contrary to claims that finfluencers are a more accessible alternative to advisers, this licensed finfluencer believes she plays a complementary role towards easing inves...
Funds management
Four interim stop orders issued against Spaceship are the latest in a series of issues between the investment firm and the regulator over the last five years....
Financial planning
Single disciplinary body the Financial Services and Credit Panel has published its first outcome, relating to an adviser who impersonated a client on the phone....
Financial planning
ASIC has suspended the AFS licence of a managed investment schemes and general advice provider after it failed to lodge financial statements and audit reports for the fin...
People & Products
ASIC has made its first interim stop order on a superannuation product as well as on three managed funds, all run by Spaceship Capital....
Funds management
With ASIC playing a role in interpreting the law through materials like regulatory guides and in part enforcing the law through stop orders, a panel has questioned if the...
Financial planning
ASIC has extended the deadline for registration of financial advisers and shared when it expects the portal to open....
Financial planning
Treasury has issued a consultation paper detailing the proposed levy figures for APRA and ASIC in 2023-24....
Funds management
EXCLUSIVE Popular ETFs could soon come under ASIC’s radar as major ESG funds hold stocks that leading investment managers believe are far from ethical....
Funds management
A former fund manager has been banned by ASIC for three years for naked short selling of shares worth $7 million....
Financial planning
AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advic...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...