ASIC

Financial planning

Are asset consultants caught in the same ‘independent’ trap as financial advisers?

Questions are being asked about whether the Australian Securities and Investments Commission has been wrong to treat asset consultants differently to financial advisers i...

Policy & Regulation

ASIC's consumer panel also key to FOFA opt-in submission

Members of the Australian Securities and Investments Commission’s Consumer Advisory Panel played a role in developing a key consumer Future of Financial Advice submission...

Superannuation

ASIC takes court action to enforce enforceable undertaking

In an unusual move, the Australian Securities and Investments Commission is taking civil action in the Federal Court to force a Gold Coast accountant to abide by an enfor...

Financial planning

ASIC’s adviser reference-checking protocols potentially ‘prejudicial’

Financial advisers could be placed at risk of retribution when switching licensees under the reference checking protocols being put forward by the Australian Securities a...

Policy & Regulation

Keeping it verbal: Why a behavioural report on ASIC management is not available

The Australian Securities and Investments Commission retained the services of a special behavioural analysis firm to observe meetings of its leadership team but is claimi...

Financial planning

Theta AM to pay $2m penalty

The liquidated firm’s managing director, Robert Marie, has been ordered by the Federal Court to pay $100,000 after he and the firm were found to have issued five defectiv...

Financial planning

ASIC outlines adviser reference checking protocols

The Australian Securities and Investments Commission has released a discussion paper outlining its proposed protocols for adviser reference checking in a bid to stop “rol...

Policy & Regulation

Troubled ASIC faces imposition of external board

The Australian Securities and Investments Commission faces being oversighted by an external board as the Government considers ways of avoiding further controversies such ...

Policy & Regulation

Frydenberg’s tough message to regulators – you have enough powers

The Federal Treasurer has sent a tough message to the financial services regulators that they have enough powers and that they are there to deliver on Government policy, ...

Financial planning

ASIC challenged on mislabelling law-breakers as ‘financial advisers’

The Australian Securities and Investments Commission is going to have to explain why it chose to describe a man convicted of dishonest conduct as a ‘financial adviser’ wh...

Financial planning

ASIC confirms funding status of consumer submission to FASEA

The Australian Securities and Investments Commission has confirmed that it helped fund a consumer submission by two Griffith University academics to the Financial Adviser...

Policy & Regulation

ASIC’s Chester claims chair Shipton was 'opaque' on expenses

The Australian Securities and Investments Commission acting chair, Karen Chester has claimed the stood-aside chair, James Shipton, had been “opaque” in informing fellow c...

Policy & Regulation

ASIC and its leadership structure under Parliamentary scrutiny

A key Parliamentary Committee has flagged it will today be giving specific attention to the future structure of Australia’s financial services regulators in the aftermath...

SMSF

New move on limited advice licenses amid ASIC review

The SMSF Association has flagged its intention to use the current Australian Securities and Investments Commission review of advice affordability to redesign the limited ...

Policy & Regulation

Crypto rep charged by ASIC

Former cryptocurrency promoter, John Bigatton, has been charged with operating an unregistered managed investment scheme with the investigation aided by the FBI. ...