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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Financial planning
The director of collapsed brokerage firm Sonray Capital Markets, Russell Johnson, has appeared in Melbourne Magistrates Court after his arrest on 24 criminal charges foll...
Financial planning
ASIC has been told its class order relief on intra-fund advice might have been better used if it had been available to related entities....
Financial planning
A Port Pirie financial adviser has appeared in court on one charge of deception and 27 charges of dishonest dealings with documents, brought by the Australian Securities ...
Superannuation
SMSF specialists regard the proposed ban on off-market transfers as a bad element of Stronger Super....
Policy & Regulation
While the majority of self managed superannuation fund (SMSF) professionals believe the proposed Future of Financial Advice (FOFA) changes will improve the standard of fi...
Editorial
Despite some media reports to the contrary, Mike Taylor writes that the top 20 licensees in the financial planning industry emerged in reasonable shape from ASIC’s review...
Life/Risk
The way professional indemnity (PI) underwriters assess a financial planner's risk coupled with ambiguous regulatory guidelines means a fresh approach to product regulati...
Financial planning
The Australian Securities and Investments Commission (ASIC) has obtained urgent Federal Court orders to preserve funds held by a Queensland company operating as a mutual ...
Life/Risk
ASIC has permanently banned a Tasmania-based insurance agent from providing financial services after being convicted of fraud offences....
Financial planning
The Industry Super Network (ISN) has called for "watertight" consumer protection requirements to guard against future financial planning "scandals"....
Financial planning
ASIC has permanently banned a former Citibank manager from providing financial services after an investigation found she had been conducting false client transactions, in...
Financial planning
Former Trio director Keith Finkelde has entered into an enforceable undertaking with APRA that will see him barred from acting as the trustee of an APRA-regulated super e...
Financial planning
The IPA says removing the accountants' exemption for financial advice on SMSFs could potentially lower access to advice rather than improve it....
Financial planning
Treasury should fix the uncertain best interest guidelines so that advisers are clear on the extent they are protected from legal claims brought by disgruntled clients, a...
Funds management
ASIC has recommended asset level disclosure on hedge funds as it pursues tighter requirements in a post-Astarra/Trio environment....
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...