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Showing 111 - 120 of 160 results for "ASIC for"

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
The financial advice industry will pay more than $20 million in levies to ASIC under the proposed industry model to fund the regulator. The figure was released in ASIC's consultation paper on the proposed industry funding model. ASIC forecasts its effort ...

ASIC permanently bans dishonest adviser

KERRIE SYDEE  |  MONDAY, 10 OCT 2016
... Director and former financial adviser at Directions Wealth Management, Andrew Williams, has been permanently banned by ASIC for dishonestly providing financial services. Williams was authorised to provide financial advice as a representative of Financial ...

Findex hit with penalties

KERRIE SYDEE  |  MONDAY, 10 OCT 2016
... Financial Index Australia (FIA) have each paid $10,800 in penalties following the issuing of infringement notices by ASIC for potentially misleading claims on the Findex website. Between August and December 2015, FIA published posts on the Findex website ...

LT Management fined over false SMSF advertising

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
... misleading statements in relation to establishing a self-managed superannuation fund. The company was fined $10,800 by ASIC for deceptive representations in regards to the cost of setting up an SMSF using the services of RS Capital, trading as My SMSF ...

Advisory firm has licence cancelled

MARK SMITH  |  MONDAY, 19 SEP 2016
Melbourne-based corporate advisory firm Allegianz has had its financial services licence cancelled by ASIC for failing to lodge financial statements and auditor reports. Allegianz's AFSL was suspended for six months in March 2016 after the company failed ...

ASIC ban upheld, investment banker jailed

KERRIE SYDEE  |  MONDAY, 6 JUN 2016
... providing financial services for five years. Former Meritum Financial Group adviser, Alfie Chong, was initially banned by ASIC for a range of misconduct issues including: providing inappropriate advice, failing to determine clients' relevant personal ...

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
... further consultation on industry supervisory levies. AIST said there is little or no information on: increased funding to ASIC for several matters; increased funding for modernising APRA data capabilities; and increased funding for the Superannuation ...

WAM lodges ASIC prospectus for LIC

DARREN SNYDER  |  WEDNESDAY, 6 APR 2016
Wilson Asset Management has lodged a prospectus with ASIC for its large-cap listed investment company. WAM Leaders Limited will, in WAM chair Geoff Wilson's words, "provide investors with a rare opportunity to the S&P/ASX 200 Index with an active, index ...

Cbus Royal Commission findings impact industry

DARREN SNYDER  |  WEDNESDAY, 6 JAN 2016
... Details on former CFMEU construction and general division NSW state secretary Brian Parker have also been referred to ASIC for potential breaches of the Act. The Commissioner said prior to the information leak in 2013, Cbus had been part of a public ...

ASIC forms its views on MySuper dashboards

DARREN SNYDER  |  FRIDAY, 11 DEC 2015
The Australian Securities and Investments Commission (ASIC) has released research suggesting there is a more positive sentiment towards superannuation based on annual tests of the MySuper dashboard. ASIC has published results from its 2014 consumer ...