ASIC eyes off researchersBY BEN COLLINS | TUESDAY, 11 DEC 2012 12:00PMAustralia's corporate watchdog will conduct targeted surveillance of research report providers after it unveiled updated policy to improve the reliability of their products yesterday.
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Editor's Choice
T. Rowe Price appoints local operations chief
T. Rowe Price, the global asset manager with over US$1.3 trillion in assets under management, has appointed a regional operating chief who will relocate to Sydney from the London office.
Vanguard backs current performance test
Vanguard has endorsed the current performance test methodology in a submission to Treasury, championing its effectiveness in eliminating underperforming investment options and improving member outcomes.
Sequoia chair steps down
The chair of Sequoia Financial Group, John Larsen, has resigned from the position and his replacement has been appointed.
Court approves $16m DASS settlement
The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay.
Further Reading
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
ASIC has a track-record of absolute failure in the area of consumer protection, there needs to be a change in focus from a reactive approach to a proactive approach. In this way schemes/scams such us Wattle, Heather Parry scheme, and off course Storm would have not got off the ground or at least the losses by investers would have been kept to a minimum. Instead of going on for years and years which in itself gives the scams/schemes more credibility.
As far as I am aware (and I have made enquiries) ASIC does not fall under any Ministerial portfolio, so who is eyeing ASIC?