ASIC

Policy & Regulation

Finance director convicted for market manipulation

Ananda Kathiravelu has been convicted for conspiring to manipulate the market by attempting to inflate the value of the share price of Radar Iron Limited....

Policy & Regulation

ASIC asserts its reach into superannuation

On the eve of a major superannuation conference, the Australian Securities and Investments Commission has reminded superannuation fund trustees the degree to which they w...

Life/Risk

Life/risk advisers are busy but less risk is being written

Just 18 months out from the Australian Securities and Investments Commission delivering its review of the Life Insurance Framework a serious contradiction has emerged – s...

Financial planning

Are major licensees sitting on fragile balance sheets?

Analysis undertaken by the chief executive of one of Australia’s publicly-listed financial planning licensees is suggesting that a number of financial planning firms are ...

Financial planning

ASIC suspends AFS licence for Qld firm

The Australian Securities and Investments Commission has suspended the Australian financial services licence of Queensland-based financial services provider Investors Exc...

Policy & Regulation

ASIC cancels AFSL and ACL of Mortgage and General Financial Services

Both licences were cancelled because the firm failed to demonstrate it has the competence and resources to provide financial services and credit activities. ...

Editorial

You want to reduce advice costs? Then reduce regulation

If the Government seriously wants to make financial advice more affordable then it needs to conduct a thorough review to strip out the layers of regulation which have dri...

Outsider

A fly on the wall when someone puts a fly in the ointment

There have been times when Outsider just wanted to be a fly on the wall – you know the sorts of occasions – Queensland’s Annastasia Palaszczuk seated next to NSW’s Gladys...

Outsider

A fun game – playing 20 Questions with Bert and ASIC

Outsider is old but well remembers playing that game “20 questions” in which you get to ask 20 questions of someone to determine the right answer....

Financial planning

Is ASIC levying IFAs to pay for the past advice sins of the big banks?

The Association of Financial Advisers has directly questioned whether small advice firms are paying more in ASIC levies to pay for the advice misdeeds of banks and other ...

Funds management

The Australian Securities and Investments Commission has outlined that managing climate-related risk is a key director responsibility and has identified firms which are ‘...

Financial planning

Will the Westpac High Court decision change intra-fund advice?

The Australian Securities and Investments Commission’s view on the status of intra-fund advice suggests there are few implications likely to flow from this week’s High Co...

Financial planning

Review the escalating ASIC levy says FPA

The delivery of financial advice is becoming increasingly expensive and the Government needs to review the ASIC levy in circumstances where it has been rising exponentia...

Financial planning

Extend reference checking to management and boards says FPA

The Financial Planning Association has told the Australian Securities and Investments Commission the same reference checking protocols that apply to financial advisers sh...

Funds management

ASIC points to several actions against fund managers

The Australian Securities and Investments Commission has successfully moved against Mayfair 101 and has pointed to several actions underway targeting fund managers....