Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 4788 results for "ASIC"

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... financial product or service" without approval from an FCA-authorised person may be committing a criminal offence. In Australia, ASIC has advised influencers that when discussing financial products and services online or promoting affiliate links, they ...

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... exercise any voting rights in Sequoia shares which they acquired on or after 31 March 2024 and such shares must be vested in ASIC for sale. In a separate letter dated May 10 and sent to all shareholders ahead of the EGM, Crole and Pattison, together ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
The Administrative Appeals Tribunal (AAT) has upheld ASIC's decision to permanently ban Sean Sweeney. In February 2023 ASIC banned Sweeney from providing any financial services, performing any function involved in the carrying on of a financial services ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... policy." What's missing The Financial Advice Association Australia (FAAA) said its calls to fix the problems with the CSLR, ASIC funding levy, the financial advice exam cost and ATO portal access have been ignored in this year's Federal Budget. FAAA ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
The government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market. In a bid to promote the development of sustainable ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... major universities where many are not approved under the FASEA standard. FASEA, which has now wound up and been superseded by ASIC, launched in 2017 off the back of the Hayne Royal Commission with a remit approving the education standards for advisers ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... related to running a financial services business and from controlling an entity that carries on a financial services business. ASIC found Dzawo had "dishonestly attempted to induce clients" to transfer their superannuation into a bank account he controlled. ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
ANZ has confirmed the Australian Securities and Investments Commission (ASIC) is investigating its execution of a 2023 bond issuance of 10-year Treasury Bonds by the Australian Office of Financial Management (AOFM). ANZ said it was appointed by the ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... the Federal government to better manage costs across the Compensation Scheme of Last Resort (CSLR) and implement a fairer ASIC funding levy for advisers. In its pre-budget submission, the FAAA put forward six key items that it said would have a positive ...

UniSuper restores online services, app

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2024
... fund's private cloud was accidentally deleted by Google Cloud. Late last week, APRA confirmed it was monitoring the outage. ASIC also stated that member services failures "are an enforcement priority." UniSuper has maintained that the outage was ...
PREVIOUS
NEXT