ASIC
Policy & Regulation
ASIC has increased the number of staff dedicated to cryptocurrency, despite it being unregulated, as high-profile collapses like FTX highlight the dangers of the asset cl...
Funds management
A finfluencer who offered seminars in share trading has been found by the Federal Court to have contravened the Corporations Act by providing financial product advice wit...
Funds management
Criminal proceedings against CBA regarding sales of consumer credit insurance have been dismissed by the Federal Court due to a statute bar....
Policy & Regulation
Minister for financial services, Stephen Jones, has welcomed new regulation to support access to justice for class action plaintiffs including those affected by managed i...
Financial planning
A West Australian man has been charged by ASIC with offences relating to insider trading....
Financial planning
ASIC has banned two responsible managers for 10 years and cancelled the AFS licence of National Advice Solutions for adopting a ‘layered advice’ approach....
Superannuation
A Melbourne woman has been sentenced for her involvement in a crime syndicate which stole over $3.3 million from superannuation and share trading accounts....
Funds management
ASIC has commenced its first civil penalty action against a distributor of financial products in the Federal Court for alleged breaches of the design and distribution obl...
Financial planning
A second individual related to Courtenay House has been charged with carrying on an unlicensed financial services business and receiving over $600k in commissions which w...
Financial planning
A former Perth financial adviser has been sentenced after dishonestly obtaining over $35,000 from his clients’ superannuation. ...
Funds management
A few days after being fined by ASIC over alleged greenwashing, Vanguard has exited the global Net Zero Asset Managers alliance....
Financial planning
Over half of advisers sitting the November financial adviser exam passed the test, according to latest ASIC figures....
Policy & Regulation
ASIC has commenced Federal Court proceedings against OnePath Life for allegedly failing to act with utmost good faith during claims handling, the first time it has sought...
Financial planning
A former Tasmanian-based financial adviser has been convicted of fraud....
Policy & Regulation
ASIC has changed the status of the AFS licence for two financial services groups, one of which had its director banned in October over his refusal to pay AFCA determinati...
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
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...