NAB has paid $10,200 in fines after ASIC found the bank made misleading statements in its annuity term deposit PDS....

A NSW insurance broker has been permanently banned from providing financial services after an ASIC investigation found he engaged in “dishonest conduct”....

With a third of FOS determinations going unpaid the efficacy of Professional Indemnity insurance as a compensation mechanism is under question and, as Mike Taylor reports...

While ASIC is right to pursue more timely breach reporting by financial planning firms it should acknowledge that the vast majority more than live up to their obligations...

A Rockhampton-based financial adviser has been banned from working in the financial services industry for five years....

Fear is stopping financial planning organisations from notifying the corporate regulator of breaches in their business rather than poor culture, The Fold said....

ASIC has flagged a crack-down on breach reporting with particular emphasis on high risk licensees with poor cultures....

ASIC has stressed the need for AFS licensees to submit written breach reports to it within 10 business days of finding a breach or likely breach....

ASIC acknowledges that vertical integration gives rise to conflicts of interest but acknoweldges that scale has benefits....

ASIC tells of man banned as a planner but still operating as an accountant and providing tax advice....

ASIC wants the power to investigate bank managers if it suspects they are coercing planners into selling risky products, Fairfax Media reports. ...

ASIC must do more than simply identify problems when it publishes its forthcoming report on the life/risk industry. It must identify some solutions....

The financial planning industry has illustrated “inappropriate levels of quality” going back more than a decade, ASIC said....

Regulator claims Macquarie Equities Limited (MEL) had “very poor” record keeping and lack of detail in its advice documents....