ASIC

Policy & Regulation

The Australian Securities and Investments Commission has banned a Perth-based financial services director for six years after the regulator found she demonstrated a lack ...

Funds management

ASIC research shows rise of unregulated investing

The Australian Securities and Investments Commission has released investment behaviour research showing what it views as a concerning rise in unregulated, volatile crypto...

Funds management

ASIC’s Dixon Advisory complaints call demonstrates need for broad-based CSLR

The corporate regulator’s call for former Dixon Advisory clients to register any complaints with AFCA demonstrates the need for establishing a broad-based Compensation Sc...

Policy & Regulation

ASIC focuses on improving breach reporting regime

The Australian Securities and Investments Commission says it will focus on improving the operation of the breach reporting regime as part of its 2022-23 priorities....

Policy & Regulation

NSW adviser banned by ASIC

A former New South Wales financial adviser has been permanently banned by the regulator for engaging in dishonest conduct....

Financial planning

DASS clients urged to make AFCA complaint

Former clients of Dixon Advisory and Superannuation Services have been urged to make a complaint as soon as possible as they may be eligible for compensation under a pote...

Financial planning

ASIC bans Adelaide adviser over early super release

The Australian Securities and Investments Commission has banned an Adelaide-based financial adviser from providing financial services for five years after problems with t...

Financial planning

Jailed adviser sees AFS licence suspended

A financial adviser jailed for importing and smuggling cocaine has had the Australian financial services licence of his Alice Springs-based firm suspended....

Policy & Regulation

ASIC bans Qld responsible manager for four years

ASIC has banned Albert Christen Walters, known as Chris Walters, a former director of a financial services licensee, from performing the functions of an officer and a res...

Policy & Regulation

ASIC makes first DDO stop orders on three firms

The Australian Securities and Investments Commission has imposed its first design and distribution stop orders on three financial firms in response to deficiencies in the...

Financial planning

How many advice enforcement outcomes has ASIC made this year?

The Australian Securities and Investments Commission has released its half-yearly data on financial advice misconduct cases and enforcement outcomes....

Financial planning

Should advisers and finfluencers have the same regulation?

The Advisers Association says it is “extremely unfair” that well-qualified, experienced, professional advisers have to go through more hoops than finfluencers to provide ...

Financial planning

Unregistered MIS operator charged with $36.5m fraud

An unregistered managed investment scheme operator in Western Australia has been charged with defrauding investors of $36.5 million in 50 counts of fraud....

Policy & Regulation

Former Sydney adviser receives three-year sentence

A former Sydney financial adviser has been sentenced to three years and two months imprisonment and fined $9,500 for acting dishonestly as a company director and stealing...

Policy & Regulation

Victorian AR charged with providing unlicensed product advice

A Victorian authorised representative has been charged with engaging in dishonest conduct in the course of carrying on a financial services business and providing unlicen...