ASIC

Financial planning

Daniel McSweeny has been banned from providing financial services by the corporate regulator for dishonesty and falsifying books....

Financial planning

ASIC explains what justifies calling advisers ‘advisers’

The wrongdoing may have little to do with the provision of financial advice but the Australian Securities and Investments Commission (ASIC) believes that if misdeeds are ...

Financial planning

ASIC 'very supportive' of quality limited advice

The Australian Securities and Investments Commission has declared its support for the provision of good quality limited advice while rebutting Government back-bench sugge...

Financial planning

ASIC orders financial planning firm to remove responsible manager

Financial planning firm, Poynter Hargraves has had additional conditions imposed on its license including the removal of its sole responsible manager....

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 ‘...