australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

Former Commonwealth Financial Planning adviser banned for seven years

A former Commonwealth Financial Planning representative has been banned by ASIC for seven years for giving inappropriate advice and engaging in false or misleading conduc...

Financial planning

AMP acquisition of AXA AP ready to complete

AMP and AXA AP have completed all the necessary processes to begin trading as one company on 31 March....

Superannuation

Superannuation: Choosing the right path

The superannuation market offers more choice than ever for consumers looking to build a retirement nest egg, but exercising the right strategies can make a world of diffe...

Financial planning

ASIC cancels AFSL

A Perth-based property funds responsible entity has had its AFSL cancelled by ASIC....

Financial planning

Century fails to gain control of Opus 21

Century Funds Management has failed to replace Opus Capital as manager of the troubled Opus 21 property fund, after an insufficient number of unitholders voted on the mat...

Financial planning

Opes Prime boss pleads not guilty

Opes Prime boss Laurie Emini will stand trial in the Victorian Supreme Court after pleading not guilty to ASIC charges....

Editorial

Paying the high price of financial planning 'opt in'

With the Gillard Government believed certain to impose client 'opt in' arrangements on financial planners, Mike Taylor writes that some serious questions are being asked ...

Policy & Regulation

ASIC’s FOFA approach ‘sub-optimal’

Academic claims ASIC got fiduciary duty wrong and really meant ‘best interests’....

Funds management

ASIC seeks to regulate $46.8 billion hedge fund sector

The popularity of hedge funds seems to have drawn the attention of the Australian Securities and Investments Commission (ASIC), which is seeking to provide further disclo...

Financial planning

Storm rep banned for four years

A former Storm Financial representative has been banned from providing financial services for four years for making false and misleading statements and providing inapprop...

Financial planning

PIS weighs into Opus 21 debate

Professional Investment Services has commissioned a report examining a proposed takeover of the Opus 21 property fund by Century Funds Management – a report Opus ha...

Financial planning

Advisers will pay price for fiduciary duty reforms

The consequences of breaching fiduciary duty under the Government’s Future of Financial Advice (FOFA) reforms could be much steeper than first thought, with the pos...

Financial planning

Sonray CEO pleads guilty, awaits sentencing

Sonray chief executive Scott Murray pleads guilty on multi-million dollar charges....

Financial planning

ASIC bans South Australian adviser

The Australian Securities and Investments Commission (ASIC) has permanently banned Trevor Wayne Carll of Port Pirie from providing financial services for acting dishonest...

Financial planning

ASIC simplifies internal dispute resolution

The Australian Securities and Investments Commission (ASIC) has revised the internal dispute resolution (IRD) procedures for financial institutions to help reduce paperwo...