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Showing 121 - 130 of 695 results for "Financial products"

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... Kate Sambrook said everyday Australian retail investors who had little or no experience in trading complex financial products should never be offered highly-leverage CFDs. "The class action seeks to provide a remedy and recover losses for those retail ...

ASIC takes legal action against crypto exchange

ANDREW MCKEAN  |  THURSDAY, 21 SEP 2023
... action should be a reminder of the importance to comply with the design and distribution obligations so that financial products are distributed to consumers appropriately." The regulator said that Bit Trade's margin trading product operates as a credit ...

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... deadline date was set for 1 January 2023. Advisers who provide personal advice to retail clients on relevant financial products, as well as time share advisers, must be registered. The regulator has pushed back the deadline for the same reasons. ASIC ...

Platform comparison fintech launches

KARREN VERGARA  |  TUESDAY, 22 AUG 2023
... Financial Standard. "Large licensees typically have the time, money, and resources to run deep due diligence into financial products. SuitabilityHub provides all advisers digitised software that can bring a more holistic approach to the Best Interest ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... following a recommendation from the 2019 Financial System Inquiry to compel firms to design consumer-centric financial products and optimise distribution strategies. The regulator said it intends to extend the operation of the instrument to retain certainty ...

APIR reports surge in new financial products

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
APIR Systems has noted a significant rise in the registrations of new financial products, particularly of managed funds and managed accounts. According to APIR chief executive Chris Donohoe, while product registrations were slightly down from the previous ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... eToro, ASIC has issued many interim stop orders under the DDO obligations to prevent entities from distributing financial products where it considers the target market determinations to be deficient. Further, Court outlined the watchdog is keeping an ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... subject to dual jurisdictions should be reviewed. The federal government has responsibility for regulating financial products while states and territories are responsible for real property. "The overlap between jurisdictions overseeing these types of ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... included thousands of financial advice clients who invested in the US Masters Residential Property Fund (URF) and financial products operated by entities related to Dixon Advisory. In January 2022, DASS went into voluntary administration. On 16 December ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... providing personal financial advice to their members should therefore focus on the way they communicate about financial products, particularly as the test for personal financial advice can be satisfied even in the absence of knowing a person's objectives ...