ASIC
Funds management
ASIC has commenced its first civil penalty case for alleged breaches of design and distribution obligations....
Financial planning
The Financial Services Council has warned it would be unwise for ASIC to be given greater powers in creating financial services legislation and any steps towards this sho...
Funds management
ASIC has placed interim stop orders on four funds from two companies, taking the number of orders to more than 20 to date under the design and distribution obligations....
Financial planning
There are 16 days until Quality of Advice Review deadline this month, so Money Management has crunched the numbers on the current state of the adviser landscape....
Financial planning
ASIC has released the dates for the 2023 financial adviser exam dates....
Funds management
ASIC has pinpointed five managed funds that need to improve their marketing oversight....
Policy & Regulation
The Federal Court has dismissed proceedings brought by ASIC against CBA regarding $55 million in fees being charged to almost one million customers....
Policy & Regulation
ASIC senior executive leader, Leah Sciacca, has reiterated the corporate regulator “encourages tech and innovation” in the financial services industry. ...
Features
The collapse of crypto giant FTX has renewed calls for greater regulation of digital assets and the role of financial advice. ...
Funds management
ASIC has issued interim stop orders for Perpetual Investment Management to prevent the firm from distributing two funds to retail investors. ...
Financial planning
The Australian Securities and Investments Commission has shared information about how the adviser exam will be run in 2023 when it moves to being primarily new entrants....
Funds management
ASIC has commenced civil penalty proceedings against fintech Block Earner as it alleges it operated an unregistered managed investment scheme....
Policy & Regulation
The former chief executive of van Eyk Research has been sentenced following his conviction for dishonestly using his director position....
Financial planning
ASIC has accepted a court enforceable undertaking from financial advisory firm Lasarith Pty and its sole director for failure to provide Statements of Advice. ...
Funds management
ASIC has placed an interim stop order on offers from Finnia Income Ltd in response to deficiencies in the issuer’s target market determination....
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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...