ASIC

Financial planning

Ex-CEO and CFO of Benjamin Hornigold face criminal charges

Two former senior executives of Benjamin Hornigold Limited have been charged with dishonest breach of duties and misleading the ASX....

Financial planning

Meet one of Australia’s youngest financial advisers

Melbourne-based Lino Salzano earned the title of adviser at just 21 years old, and has described the process of how he got there....

Policy & Regulation

ASIC mulls changes to ‘sunsetting’ class orders on managed funds

The corporate watchdog has commenced consultation on proposals to revise ‘sunsetting’ class orders relating to the managed funds industry....

Financial planning

Adviser market shows signs of stabilisation

The adviser market seemed to be stabilising for the first time in many years, with no new licensees commencing or closing in the week to 2 March. ...

Policy & Regulation

ASIC faces Senate grilling, deputy chair holds ground

A Senate committee has called into question ASIC deputy chair Karen Chester's capacity to serve amid “mixed” evidence presented to a Senate committee regarding alleged m...

Policy & Regulation

ASIC reveals findings from corporate whistleblower review

Financial services firms were among seven entities reviewed by the regulator as part of its work to develop corporate guidance for whistleblower protection....

Policy & Regulation

Is ASIC litigating enough?

ASIC staff need to consider if they are taking on enough risk in choosing cases to litigate, according to chair Joe Longo, prompting a Senate committee to ask if it shoul...

Financial planning

Former CEO pleads guilty to dishonest conduct for cheating investors

A former director and CEO has pled guilty to two counts of engaging in dishonest conduct, with two further offences under consideration, for cheating investors of nearly ...

Financial planning

ASIC confirms talks with Treasury on QOA Review

ASIC Commissioner Danielle Press confirmed the regulator has been in touch with Treasury on how differing ‘reasonable minds’ could agree on a common ground in Levy’s reco...

Funds management

ASIC unveils 2023 enforcement targets

Greenwashing, predatory lending and misleading insurance are all on ASIC’s enforcement radar for 2023. ...

Financial planning

ASIC publishes framework to improve Indigenous financial outcomes

ASIC has published its Indigenous Financial Services Framework to support positive financial outcomes for First Nations people following a period of consultation. ...

Financial planning

What does Australia’s average adviser look like?

Data from the QOA’s adviser survey, used to inform the review, has revealed a snapshot of Australia’s adviser landscape, their views and the shape of their businesses. ...