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Showing 91 - 100 of 689 results for "Financial products"

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... Policy Week event, Kirkland said ASIC can only regulate crypto assets and businesses to the extent they involve financial products or services. "I want to emphasise, though, that the question as to whether a particular crypto asset or related product ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... class actions filed against a major bank. Instead, they covered superannuation, conduct in selling complex financial products, shareholder class actions, and data breaches. On 22 December 2023, a class action was filed against Rest alleging it signed ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... refundable accommodation deposits (RADs) as a form of payment from 2035, and raising awareness as to existing financial products that enable older people to use their wealth in retirement and in support of aged care costs. The Association of Superannuation ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... your company uses AI, it must be true," she says. Regulatory Guide 234 also mandates that businesses promoting financial products and services must avoid any misleading or deceptive tactics. Firms that fail to comply and engage in such misleading conduct ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... $1 million in cash and an additional $20 million over 18 months if certain milestones are met. IOPB offers financial products and services that include superannuation, non-superannuation, and custody and administration. Last October, Iress sold its managed ...

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... deliver financial product advice tailored to each client's needs, including a lack of detailed investigation into financial products that could fulfill client objectives. Jaidka has acknowledged and admitted to these shortcomings. The undertaking agreement ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
... available. "This important decision provides some clarity as to when crypto-backed products should be considered financial products which require licensing under the law. Crypto-assets are risky, inherently volatile and complex," ASIC deputy chair Sarah ...

Class action filed against IC Markets

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... to retail investors, leading investors to suffer losses or damages by acquiring highly risky and unsuitable financial products. The action is being funded by Woodsford, which is also backing a similar class action against IG Markets. "ASIC has looked ...

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... licensee. These services may include financial advice, investment management, insurance broking or dealing in financial products. Last November, the firm accepted a court enforceable undertaking from ASIC after the regulator found that the life insurance ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... Court overturned the court's original decision that saw Mawhinney slapped with a 20-year ban from dealing in financial products.