regulation

Policy & Regulation

AFA wants greater oversight of ASIC funding

The funding of consumer submissions by the Australian Securities and Investments Commission’s Consumer Advisory Panel warrants greater scrutiny of the regulator and its a...

Policy & Regulation

ASIC warns of ‘significant escalation’ in unlicensed advice

The Australian Securities and Investments Commission has seen a “significant escalation” in complaints about unlicensed operators providing financial product advice witho...

Policy & Regulation

Illegal Chinese activity lands derivatives provider in court

The corporate regulator has commenced proceedings against Sydney-based derivatives provider Union Standard International Group over illegal Chinese activities....

Financial planning

FPA urges imposition of regulatory requirements on 'strategic advice'

Advisers providing "strategic advice” or financial coaching should be subject to the same regulatory obligations as other advisers, according to the Financial Planning As...

Editorial

ASIC needs to be a regulator, not a revenue centre

The standing aside of Australian Securities and Investments Commission chair, James Shipton, points to fundamental issues with respect to the regulator....

Policy & Regulation

Craig Gore found guilty of six counts of fraud

The Queensland property developer has been found guilty of six counts of self-managed super fund fraud totalling $345,000, having initially arrested back in 2017....

Financial planning

FSC argues for pragmatism on cost of advice

The COVID-19 pandemic could act as the catalyst for regulatory pragmatism aimed at lowering the cost of advice, according to the Financial Services Council....

Funds management

Regulation presents biggest threat to Facebook

Shares in Facebook have risen 25% since the start of 2020 but every company that has a similar growth profile as the social network is trading higher, according to Capita...

Financial planning

ASIC cuts Vic advisers a break on FDSs and renewals

Victorian financial advisers impacted by the COVID-19 lockdowns can rely on a “no action” position on the part of the Australian Securities and Investments Commission wit...

Superannuation

NAB super entities hit by $57.5 million court penalties

National Australia Bank super entities NULIS and MLC Nominees have been hit by Federal Court penalties out of an Australian Securities and Investments Commission action o...

Policy & Regulation

We have the power to obtain documents says ASIC

Financial services companies cannot necessarily rely on claims of legal privilege to prevent the Australian Securities and Investments Commission obtaining documents – so...

Policy & Regulation

Former Big Un investment analyst sentenced to jail

Former investment analyst, Michael Ming Jinn Ho, has been sentenced to three years imprisonment for insider trading in Bing Un Limited shares....

Expert Analysis

Defending directors’ duties

Working as a director in financial services can come with regulatory risk, writes David Court, so it is important to know how to manage those responsibilities and avoid a...

Policy & Regulation

ASIC obtains interim injunction against Mayfair 101 director

The corporate regulator has obtained an interim injunction against Mayfair 101 managing director, James Mawhinney....

Financial planning

Roll FASEA functions into disciplinary body says FPA

The Financial Planning Association has used an updated pre-Budget submission to urge the Government to roll functions of the Financial Adviser Standards and Ethics Author...