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Showing 101 - 110 of 131 results for "Jan."

ASIC clarifies its powers

On the back of the shadow shopping results, the Australian Securities and Investments Commission (ASIC) has issued a guide to the financial services industry and consumers clarifying its role and powers. The guide details the range of actions available ...

Machiavellian Macville gets prison term

A former financial planner and adviser from Queensland was sentenced to four and a half years imprisonment after being found guilty of six fraud charges. Robert Pierre Macville funnelled client funds of around $470,000 into his own private company Macville ...

Funds resolve ASIC disclosure issues

Several superannuation funds have responded to ASIC's direction for improvements to disclosure documents, saying the "minor" changes have been made and no members had been disadvantaged. ASIC last week issued a statement calling on four superannuation ...

ING Australia to correct unit pricing errors

ING Australia and six of its major subsidiaries will provide up to $25 million in compensation to affected investors for past unit pricing errors. The company discovered the possible unit pricing errors last May and commissioned PricewaterhouseCoopers ...

SMSF adviser ordered to repay clients

The Australian and Securities Investments Commission (ASIC) has ordered a self-managed superannuation fund (SMSF) adviser to repay his clients a total of $77,000. In December last year, ASIC had obtained permanent injunctions to prevent Steven Preston ...

AXA's Andy Penn fights APRA ban

Axa Asia Pacific Holdings' senior executive Andy Penn has lodged an appeal against APRA's decision to ban him from running a superannuation fund. The super regulator's disqualification order against Penn came following its long-running investigation ...

ASIC and IAG resolve premium problems

The Australian Securities and Investments Commission (ASIC) and an Insurance Australia Group (AIG) subsidiary company have resolved problems associated with policy discounts offered to customers caused by computer system problems. The deal involves ...

ASIC winds up managed investment scheme

The Australian Securities and Investments Commission (ASIC) has moved to wind a managed investment scheme operated by South Australian man Guiseppe Mercorella. ASIC alleges that the scheme is in breach of the Corporations Act 2001 (the Act) since 2002 ...

ASIC nabs SMSF adviser

The Australian Securities and Investments Commission (ASIC) has shut down a self-managed superannuation fund (SMSF) adviser from conducting any business relating to superannuation. This is the second SMSF shut down by the regulator since its superannuation ...

ASIC bans SMSF adviser

The Australian Securities and Investments Commission (ASIC) has moved to shut down a self managed super fund adviser after it was found the adviser had conducted business without an Australian financial services licence (AFSL) and provided misleading ...