ASIC

Policy & Regulation

ASIC has banned a Sydney director for three years after he tried to approach determinations by the Australian Financial Complaints Authority, including for inappropriate ...

Funds management

The Full Federal Court has dismissed an appeal by Mayfair 101 Group to overturn the findings of misleading or deceptive advertising and a $30 million penalty....

Policy & Regulation

The corporate regulator has made an interim stop order on a fund investing in shopping centres because of a non-compliant target market determination....

Policy & Regulation

Regulatory action against Colonial First State and Commonwealth Bank alleging breaches of conflicted remuneration laws have been dismissed by the Federal Court....

Financial planning

There has been a “trifecta of failures” in the remediation of consumers, according to the corporate regulator, with around $1.6 billion still to be paid to 2.7 million co...

Financial planning

AMP Limited has been fined $14.5 million by the Federal Court for charging fees for no service to 1,452 superannuation members with the judge criticising the firm’s failu...

Financial planning

A former financial adviser has pleaded guilty to providing a financial service on behalf of a person who carries on a financial services business while unauthorised to do...

Financial planning

Advisers have a vital role to play in helping investors to understand environmental, social and governance, according to Zenith, with performance likely to be scrutinised...

Policy & Regulation

Dixon Advisory and Superannuation Services has been penalised $7.2 million by the Federal Court....

People & Products

The 20-year ban on Mayfair 101 director, James Mawhinney, from advertising investments or raising funds has been overturned by the Federal Court....

Funds management

ASIC has made interim stop orders on two property funds after failings with their target market determination statements....

Funds management

Greenwashing is a resounding theme for environmental, social and governance (ESG) investors, specifically the regulatory action directed at fund classifications, a Barcla...

Policy & Regulation

Some 18 funds with $1.4 billion in assets under management have voluntarily amended their marketing materials after a surveillance operation by the regulator....

Policy & Regulation

The Australian Securities & Investments Commission (ASIC) has extended its ban on brokers offering binary options to retail traders until October 2031....

Life/Risk

The Australian Securities and Investments Commission (ASIC) has raised more concerns over life insurance claims handling by some insurers....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

6 days 22 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

3 weeks ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 5 days ago