australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

NSW man in court for aiding and abetting unlawful early super release

The Australian Securities and Investments Commission has initiated further action related to the Kassongo Superannuation Fund related to the early release of superannuati...

Financial planning

Financial crisis could lead to rise in shareholder class actions

The fallout from the financial crisis could lead to class actions against listed companies for failing to disclose price-sensitive information....

Financial planning

Government relations now key priority for AFA

The industry body has created a government and policy committee it hopes will strengthen its relationship with the Government and better represent the needs of its member...

Financial planning

SMSF investors burned by promise of 80 per cent returns

Regulator succeeds in winding up companies which extracted $9.5 million from self managed super fund (SMSF) investors on the back of promises of returns of up to 80 per c...

Superannuation

SMSF investors burned by promise of 80 per cent returns

Regulator succeeds in winding up companies which extracted $9.5 million from SMSF investors on the back of promises of returns of up to 80 per cent....

Financial planning

ASIC intervention creates low doc test case

The Australian Securities and Investments Commission has intervened in NSW Supreme Court proceedings creating what amounts to a test case on the provision of low document...

Financial planning

Storm Financial fallout could reshape industry - ASIC

ASIC has used its statement on Storm Financial to a recent parliamentary hearing to warn that its interest in Storm is likely to have far reaching implications for the of...

Financial planning

Federal Opposition lambasts Govt on short-selling

Federal Government criticised for long delays in injecting genuine form into short-selling legislation....

Financial planning

Short-selling ban extended to end of May

ASIC seeks to justify extension of short-selling ban by citing continued market volatility and the potential damage from predatory practices....

Financial planning

ASIC should approve adviser remuneration: David Murray

Very significant advice distortions based on commission selling....

Financial planning

Former AMP planner banned

Provided inappropriate advice, incomplete SOAs and misled clients on switching costs....

Financial planning

Trustees should stick to the basics

There are some key matters that demand even greater super fund trustee attention at this difficult time, writes ANNE MacNAMARA....

Editorial

Regulatory Storm on its way

IT now transpires that the Australian Securities and Investments Commission did receive four complaints relating to Storm Financial in the period 2006 to 2007. Trouble is...