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DANIEL CRENNAN
Financial planning
The Victims of Financial Fraud has said it was “angry” with ASIC chair, James Shipton’s, handling of the Trio Capital scandal as while he had submerged “his own head in t...
Policy & Regulation
The corporate watchdog’s deputy chair has tendered his resignation to Treasurer Josh Frydenberg with immediate effect....
Policy & Regulation
The tax expenses issue which has seen Australian Securities and Investments Commission chairman, James Shipton, stand aside was notified to the Government by the Australi...
Policy & Regulation
James Shipton has agreed to step aside due to an investigation into exceeding relocation expense limits for himself and deputy chair Daniel Crennan....
Policy & Regulation
In a decision which has implications for other sections of the financial services industry, the Federal Court has imposed a $15 million penalty on National Australia Bank...
Policy & Regulation
Over-the-counter derivative issuers AGM Markets, OT Markets and Ozifin have been fined a total of $75 million by the Federal Court of Australia....
Financial planning
The corporate regulator has obtained interim orders and injunctions against Debts Knockout and Debts Wipeout, which claimed to “extinguish” consumer debt but failed to pa...
Financial planning
The unregistered managed investment scheme by Askk Investment Group is to be wound up as it had put substantial funds at risk for investors who were not afforded the prot...
Policy & Regulation
The law, as it stands, around financial services licensing and managed investment schemes was not designed or intended to handle class action litigation funding, accordin...
Financial planning
Sam Henderson’s appearance before the Royal Commission has had its corollary in charges being laid by the Australian Securities and Investments Commission relating to all...
Financial planning
The Commonwealth Bank of Australia has been ordered to pay $5 million for failures in their AgriAdvantage Plus Package. ...
Financial planning
The Australian Securities and Investments Commission has driven home the message that it will look beyond adviser misconduct to those who allowed it to occur....
Financial planning
The Australian Securities and Investments Commission has announced that AMP has been ordered to pay $5.175 million penalty after failing to prevent insurance churn by its...
Financial planning
The Federal Court has imposed penalties amounting to $9.15 million on Westpac because of its failure as a licensee with respect to poor financial advice provided by a for...
Financial planning
Colonial Mutual Life Assurance Society, trading as CommInsure, has been convicted of 87 counts of life insurance hawking after pleading guilty last week....
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Podcast
Might be a bit different to i the past where at most there was one man from the industry on the loaded enquiry boards a...
Who get's the $10M? Where does the money go?? Might it end up in the CSLR to financially assist duped investors??? ...
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...