ASIC has commenced civil penalty proceedings against big four bank ANZ for allegedly misleading customers about the available funds and balances in their credit card acco...

ASIC has cancelled the registration of 10 auditors of self-managed superannuation funds who failed to lodge their annual statements....

The financial advice profession has seen the second week of triple-digit adviser losses, with the industry shrinking by 129 to 16,783 advisers, according to Wealth Data....

ASIC has cancelled the Australian financial services licence of Perth-based Quattro Capital, the licensee of authorised representatives who were part of Mayfair 101....

Former ASIC chair, James Shipton, has joined share trading and superannuation platform Superhero as a non-executive director....

ASIC chair, Joe Longo, has told advisers there is little the corporate regulator can do to improve the financial adviser exam, despite negative feedback from candidates....

Consumer group CHOICE says the timeshare industry is now on notice following the Federal Court’s first-ever decision against a timeshare provider for failing to ensure fi...

Ezzat-Daniel Nesseim has been sentenced to a three-year intensive correctional order for engaging in dishonest conduct and providing falsified documents to ASIC....

A former financial adviser of Tasmania has been charged with 17 offences for falsifying documents to transfer shares. ...

Australian financial services licensees are no longer required to notify ASIC of a professional year arrangement between themselves and a new entrant....

RI Advice may have avoided a penalty for its breach of cybersecurity risks but future breaches could incur a penalty as high as $525 million, according to the regulator....

In an Australian first, the Federal Court has found RI Advice breached its license obligations to act efficiently and fairly when it failed to have adequate risk manageme...

Dr Roger Munro has been sentenced to four and a half years imprisonment after pleading guilty to three counts of fraud....

General advice may help you reach a broader audience, but personal advice provides a better way to meet client needs and manage compliance risk, writes Steve Davison....