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Showing 111 - 120 of 142 results for "ASIC Act"

US regulator lifts hedge fund advertising ban

MARK SMITH  |  FRIDAY, 12 JUL 2013
... Investments Commission (ASIC) does not distinguish between hedge funds and more conventional investment vehicles. The ASIC Act governs hedge funds and long-only unit trusts with the same set of laws, meaning that the same hurdles must be cleared before ...

ASIC issues crowd funding guidance

LINDA HAUSKEN  |  WEDNESDAY, 15 AUG 2012
... guidance to promoters of 'crowd funding' to clarify arrangements that may be regulated under the Corporations Act and the ASIC Act. Crowd funding involves the use of the internet and social media to raise funds in support of a specific project or business ...

Cold calling scammer gets 10 year ban

LINDA HAUSKEN  |  TUESDAY, 26 JUN 2012
Australian Securities & Investments Commission has banned City Index Australasia and its director, Blair Jason Travers, from the financial services industry for 10 years after being found guilty of a cold calling scam. Australian Securities & Investments ...

End to unfair mortgage exit fees

ASIC AND CHOICE RELEASES  |  MONDAY, 28 JUN 2010
... lender; and would cause the borrower detriment (whether financial or otherwise) if it were applied or relied on. The ASIC Act provisions will apply to contracts entered or renewed on or after 1 July 2010 as well as terms in contracts changed on or after ...

ASIC reaches $2.5m Westpoint settlement

COMPANY RELEASE  |  MONDAY, 28 JUN 2010
... focused on assisting and protecting retail investors, including seeking compensation, when appropriate, under s50 of the ASIC Act".

AIST alerts regulator on misleading campaign against super

MICHELLE BALTAZAR  |  FRIDAY, 18 JUN 2010
... in and monitor these campaigns before the public starts to believe all the "scaremongering", said Reynolds. Under the ASIC Act 2001, the regulator has the powers to pull up any organisation that has engaged in "misleading and deceptive conduct", including ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... believes the regulator's case is unconstitutional. ASIC began action against KPMG on the basis that Section 50 of the ASIC Act empowers it to act on behalf of investors the regulator believes are aggrieved. The legal action commenced in the Supreme Court ...

ASIC a step closer to Storm resolution

ASIC RELEASE  |  FRIDAY, 19 MAR 2010
ASIC has completed a major phase of its investigation into failed Storm Financial and is entering the next part of its investigation, aimed at achieving a commercial resolution for investors. The next phase will now take place until the end of May 2010 ...

ASIC targets Brighton in Westpoint swoop

ASIC RELEASE  |  THURSDAY, 8 OCT 2009
... relevant parties aimed at preventing the need to commence litigation. ASIC is using its power under section 50 of the ASIC Act, which enables it to begin and carry on civil proceedings for damages for investors where it appears to ASIC that such proceedings ...

When ASIC knocks, answer immediately

RUTH LIEW  |  THURSDAY, 2 JUL 2009
... personally seek out regulated entities such as financial planners, for information. Take for instance Sections 30 or 33 of the ASIC Act. According to the ASIC website, a director is required to provide all documents requested under a notice issued under ...