ASIC

Policy & Regulation

Former financial adviser convicted for dishonest conduct

In the first criminal prosecution for offending of this kind, Mark Kawecki has been convicted and fined $30,000 for dishonest conduct relating to artificially satisfying ...

Financial planning

ASIC FASEA submission asked for ethical dilemma examples

The submission, that has not been made live by the authority, matches material obtained by Money Management earlier this year that sought to understand the meaning of “in...

Financial planning

360 Capital wants to take Evans Dixon private

360 Capital has made an overt plea to Evans Dixon shareholders to allow it to over-ride the current board by taking the business private citing complexities including cur...

Financial planning

FASEA finally delivers on accessibility of code submissions

Industry submissions regarded as fundamental to the final shape of the Financial Adviser Standards and Ethics Authority code of ethics have been made visible on the FASEA...

Editorial

ASIC needs to be a regulator, not a revenue centre

The standing aside of Australian Securities and Investments Commission chair, James Shipton, points to fundamental issues with respect to the regulator....

Features

InFocus: Will commercial reality drive consolidation of planning organisations?

The two largest financial planning organisations have increasingly been singing from the same hymn book in delivering their policy messages to Canberra but they are still...

Outsider

In the dark, out of the loop and an execrable diet

Outsider knows what it’s like to be treated like a mushroom. He is not unfamiliar with being kept in the dark and being fed execrable information....

Outsider

Bountiful experiences as first mate takes the helm

At the time of writing, Australian Securities and Investments Commission chair, James Shipton remains stood aside awaiting a Treasury-instigated independent review of the...

Policy & Regulation

Craig Gore found guilty of six counts of fraud

The Queensland property developer has been found guilty of six counts of self-managed super fund fraud totalling $345,000, having initially arrested back in 2017....

Policy & Regulation

Hume and remaining ASIC commissioners were in the dark on Shipton

The four Australian Securities and Investments Commission commissioners were left in the dark on the expenses issues surrounding the regulator’s chairman, James Shipton, ...

Financial planning

No question. ASIC thinks advisers view it positively

The Australian Securities and Investments Commission has confirmed it has never specifically surveyed advisers but believes they regard its consultations positively....

Financial planning

ASIC explains no action position on super advice

Superannuation funds identified as having delivered advice which might be detrimental to their members were asked to do no more than put it right and confirm they had don...

Policy & Regulation

ASIC warning – get DDO right from day one

A tick-a-box approach to the new design and distribution obligations will not do and financial services will need to get the new regime right from day one, according to t...

SMSF

Unlicensed SMSF business ordered to windup

The Federal Court has ordered Secure Investments and Aqulia Group to wind up after it found Secure Investments and its director Mudasir Naseeruddin had breached the Corpo...

Policy & Regulation

Fraudulent investment business owner charged and arrested

Matthew Beresford has been charged and arrested, and the funds and websites of Maxwell Financial Services and Asset Capital Holdings have been frozen....