enforceable undertaking

Financial planning

ASIC has accepted an EU from HSBC for potentially giving poor advice to clients on retail structured products without collecting sufficient information and considering th...

Superannuation

ASIC accepts EU from SMSF advice provider

CMH Financial Group is under an enforceable undertaking after ASIC found the firm to be giving SMSF advice that was not in their clients’ best interest....

Life/Risk

Property investor slapped with EU

ASIC has accepted an EU from Barakah Properties following concerns on how it raised funds to build an Islamic School in Melbourne. ...

Financial planning

ASIC accepts EU from boutique investment firm

ASIC has accepted EU from Sino Investment Services and its sole director after concerns over its compliance with financial services laws....

Funds management

ASIC accepts EU from Bell Potter

ASIC has accepted EUs from Bell Potter and one of its institutional stockbrokers after he was found to have revealed confidential client information to a funds management...

Accounting

ASIC accepts EU from liquidator

ASIC accepts enforceable undertaking from a liquidator at an Adelaide-based accounting firm after he failed to adequately investigate and document findings....

Financial planning

ASIC accepts EU from J.P. Morgan entities

ASIC has accepted EUs from three J.P. Morgan foreign financial services providers for failing to comply with disclosure requirements of ASIC’s exemptions....

Financial planning

ASIC accepts EUs from former AMP representatives

ASIC has accepted an EU from a former Millennium3 representative, and an AMP representative father-son duo following concerns over their compliance with the law. ...

Financial planning

Macquarie’s compliance bill reaches $413m

Macquarie has completed its Enforceable Undertaking with ASIC but its compliance bill has quadrupled to $413 million and is forecast to continue rising....

Financial planning

ASIC fines Equanimity for misleading advertising

Gold Coast financial planning and property management group hit by ASIC penalty for false and misleading advertising....

Financial planning

ASIC to offer further detail on EU compliance

ASIC has released updated guidelines regarding Enforceable Undertakings (EU) stating it would provide further details as to the level of compliance attained by groups iss...

Financial planning

Macquarie says 80 clients to receive compensation so far

Macquarie Group will compensate 80 clients, or around 13 per cent of cases reviewed in its client remediation work, but more may follow....

Financial planning

Macquarie Equities completes EU with reduced adviser numbers

Macquarie Equities Limited has completed the two year term of its enforceable undertaking reducing it adviser numbers in Macquarie Private Wealth by 25 per cent....