retail clients

Financial planning

Servicing retail clients has become more and more risky for several advice groups due to the complex compliance requirements....

Financial planning

ASIC bans binary option sales to retail clients

Binary options had resulted in and were likely to result in significant detriment to retail clients, according to the Australian Securities and Investments Commission. ...

Policy & Regulation

ASIC examining wholesale/retail client definitions

The Australian Securities and Investments Commission is looking at whether clients are being accurately designated as wholesale or retail investors....

Financial planning

Did ASIC quietly raise the adviser levy?

The Australian Securities and Investments Commission has been accused of unilaterally and quietly raising the per adviser levy to $1,142....

Financial planning

Are MDAs a product or a form of advice?

The Institute of Managed Accounts Professionals has told the Royal Commission that managed accounts should be regarded as a form of advice rather than as a product....