ASIC

Financial planning

The Australian Securities and Investments Commission (ASIC) has suspended the Australian Financial Services licence of Sydney-based retail over-the-counter derivatives is...

Financial planning

Single regulator advocated for financial planning

The Federal Government should use the creation of a single disciplinary body to create a single regulator and thereby reduce complexity and costs....

Financial planning

Forex Capital sued for unconscionable conduct and conflicted remuneration

The Australian Securities and Investments Commission has started civil penalty proceedings against the firm as its sole director, Shlomo Yoshai. ...

Financial planning

ASIC not looking into AMP BOLR issue

The corporate regulator’s chair, James Shipton has said that the watchdog would not look into AMP’s buyer of last resort arrangements unless there were further and better...

Financial planning

ASIC faces parliamentary scrutiny

The Australian Securities and Investments Commission is facing tough questioning around how it has handled a number of issues amid the disruption of COVID-19....

Features

InFocus: Individual adviser registration – a step forward on an evolutionary road

The chair of licensee Synchron, Michael Harrison sees merit and advantages in a move towards individual adviser registration....

Policy & Regulation

ASIC opens consultation on second product intervention order

The Australian Securities and Investments Commission has launched a consultation on a second product intervention order to stop continuing consumer harm. ...

Funds management

ASX extends capital raising support until November

Firms in need of emergency capital raising have been granted a four-month extension by the Australian Securities Exchange to 30 November, 2020, as Melbourne goes into a s...

Policy & Regulation

Credit Suisse pays $75k infringement notice

The penalty is a result of an infringement notice by the Markets Disciplinary Panel for on-market buy-backs of shares....

Financial planning

Societe Generale pleads guilty

The firm has pleaded guilty to four counts of client money breaches, each carrying a maximum penalty of $45,000....

Financial planning

Parliamentarian references adviser fears of ASIC retribution

A member of a key Parliamentary Committee has queried whether financial planners are too afraid to challenge the Australian Securities and Investments Commission because ...

Financial planning

FASEA chair was briefed by ASIC on code

The Australian Securities and Investments Commission’s most senior financial planning executives cited advice they had given to the chair of the Financial Adviser Standar...

Policy & Regulation

ASIC cancels account manager over CFD sales

Steven Marsh has been banned by the Australian Securities and Investments Commission for providing financial services for three years after making misleading representati...

Financial planning

How ASIC sought to rein in FASEA code

The Australian Securities and Investments Commission actually sought to rein in some elements of the Financial Adviser Standards and Ethics Authority code of ethics that ...

Financial planning

ASIC permanently bans former Melbourne manager

The Australian Securities and Investments Commission has permanently banned Melbourne former responsible manager, Anthony David Wynd, from providing financial services....