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Showing 1181 - 1190 of 5616 results for "ASIC"

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... Task Force report, issued by IOSCO, has revealed a series of escalating threats to retail investors. The findings will shape ASIC's strategic priorities concerning retail investor harm, focusing on crypto assets, sustainable finance, scams, and Australia's ...

Rating the rating houses: How much do advisers rely on fund research?

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... circumstances. Rick Di Cristoforo, Morningstar director research and investment products for Australia and New Zealand, said that ASIC 175 urges advisers to understand their research provider's business model. Di Cristoforo told a recent Morningstar ...

ASIC bans Gold Coast adviser

CHLOE WALKER  |  FRIDAY, 31 MAR 2023
... services for four years. Matai, an authorised representative and financial adviser of National Advice Solutions, was banned by ASIC in December last year for failing to act in the best interest of his clients. Following the ban, however, Matai applied ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... the Bill requires banks and financial institutions to disclose their use and management of foreign CBDCs in Australia to ASIC and the Reserve Bank of Australia (RBA). "The Digital Assets Bill will put Australia back into the race to regulate," Bragg ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
... officers are under scrutiny for their role in failing to replace the settlements system and the technology that underpins it. ASIC is investigating if the exchange and its directors breached obligations under several sections of the Corporations Act. ...

ASIC revisits IDPS sunsetting orders

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
ASIC is seeking feedback from the investment management sector as it reviews investor directed portfolio services (IDPS) and IDPS-like schemes, with a focus on remaking sunsetting class orders. ASIC has released Consultation Paper 369 (CP369) Remaking ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... versions of their response plans on hand, and cyber-attack drills should be carried out regularly. Representatives from APRA, ASIC and the ATO have also noted cybersecurity as an area of priority for the regulators. At the recent Association of Superannuation ...

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... relevant information relating to the personal circumstances of clients, including details of their health and medical history, ASIC said, after launching an investigation into Fong's conduct. "Had this information been disclosed by Fong Financial Planners ...

February exam records 67% pass rate

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... than two thirds of the financial advisers that sat the mandatory exam passed the latest round. Releasing the latest results, ASIC announced that of the 192 candidates who sat the February exam, 128 passed. Sixty percent of them sat it for the first time. ...

BT to wind up Retirement Wrap

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2023
... and functionality, she added. Asgard Independence Plan Division Two was the subject of Federal Court proceedings brought by ASIC over insurance premiums that were charged to close to 10,000 members, through to 2020. The issue was the premiums included ...