regulation

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...

Funds management

Regulatory relief for IPOs

The corporate regulator has offered regulatory relief for initial public offerings following public consultation....

Editorial

Time to audit and consolidate Financial adviser regulation

Too many Governments have looked for quick fixes where financial adviser regulation is concerned and it is time for an audit and the removal of costly and unnecessary lay...

Policy & Regulation

ASIC to end COVID-19 relief instruments in October

The Australian Securities and Investments Commission has announced it has registered an amending instrument to specify an end date for three COVID-19 related instruments....

Financial planning

Is financial advice being legislated and regulated towards market failure?

An article written by a Sydney lawyer has warned that financial advice is in danger of market failure because it has been the subject of significant legislative over-reac...

Policy & Regulation

Litigation funding inquiry set up

A new litigation funding inquiry is to begin by the Parliamentary Joint Committee on Corporations and Financial Services to shine a light on the practices of lawyers. ...

Policy & Regulation

QLD adviser pleads guilty to dishonestly using $1.1m

A Queensland financial adviser has pleaded guilty to dishonestly using around $1.1m of client money for his own use. ...

Policy & Regulation

ASIC pushes design and distribution out to late 2021

Implementation of the key financial products design and distribution obligations has been deferred until well into the second half of next year....

Policy & Regulation

Director banned for seven years by ASIC

Scott Morrison, a former director at Olive Financial Markets, has been banned by the Australian Securities and Investments Commission for seven years for failing to act i...

Financial planning

ASIC confirms licensee attempt to hire banned adviser

The checking mechanisms employed by the Australian Securities and Investments Commission prevented a licensee from employing a currently banned adviser....

People & Products

Count Financial adds new head of professional standards

Phil Creswell has been appointed head of professional standards by Count Financial....

Expert Analysis

Easing the regulatory burden during a pandemic

As Australia moves under lockdown, ASIC needs to ease the regulatory burden for advisers unable to meet face-to-face with clients, writes Shannon Bernasconi....