ASIC

Policy & Regulation

ASIC bans Melbourne-based former adviser

The Australian Securities and Investments Commission has banned Melbourne-based adviser Mark Christopher Babbage from providing financial services or engaging in credit a...

Financial planning

Govt should educate consumers on finfluencer risks

While guidance for advisers is welcome, the onus is also on the Government to educate consumers on how much weight they should give finfluencers versus licensed professio...

Policy & Regulation

ASIC provides financial adviser enforcement update

The Australian Securities and Investments Commission has confirmed 10 financial advice misconduct criminal cases are before the courts with six civil cases also yet to be...

Financial planning

Less than a third of advisers pass Feb exam

The percentage of candidates who passed February’s financial adviser exam, the first one under the Australian Securities and Investments Commission, has fallen to 32.4%. ...

Financial planning

Consumers need better protection from finfluencers

The regulator’s guidance on ‘finfluencers’ is welcome but more needs to be done to protect consumers, according to Stockspot, including banning them from product commissi...

Policy & Regulation

ASIC scrutinises marketing of managed funds

The Australian Securities and Investments Commission has commenced surveillance into the marketing of managed funds following recent enforcement against fund managers mis...

Financial planning

ASIC clamps down on use of finfluencers

The Australian Securities and Investments Commission has warned Australian financial services licensees that they could be liable for misconduct if they work with financi...

Financial planning

How many registered advisers does WTL currently have?

The acquisition has brought a new combined entity of WT Financial Group and Synchron to 560 advisers, as per Australian Securities Investment Commissions’ Financial Advis...

Policy & Regulation

ASIC permanently bans former AR

The regulator has permanently banned former authorised representative, Roderick Halligan, from providing financial services for contravening financial services laws and f...

Financial planning

ASIC releases final sitting dates for 2022 financial adviser exams

The Australian Securities and Investments Commission announced the dates for the next three sittings of the financial adviser exam which will be held between in May, July...

Financial planning

RIC implementation pathway outlined by regulators

The Australian Prudential Regulation Authority and the Australian Securities and Investments Commission have published information on the implementation pathway for the R...

Financial planning

ASIC reviews greenwashing in ESG funds

As assets in environmental, social and governance funds reach $3 billion, the regulator is conducting a review into ‘greenwashing’ in funds. ...

Policy & Regulation

ASIC seeks feedback on adviser disciplinary body

Financial advisers are being asked for feedback by the regulator on the Financial Services and Credit Panel....

Financial planning

ASIC steps up as search warrants triple

The number of search warrants issued by the Australian Securities and Investments Commission has tripled in the last year....

Features

InFocus: Who should offer protection to investors?

The examples of failed managed investment schemes have reopened the question around the Government’s proposed model for a Compensation Scheme of Last Resort, writes Oksan...