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Showing 161 - 170 of 5202 results for "2015-16 ASIC"

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... clients to set up self-managed superannuation funds (SMSFs) to buy property marketed by real estate agent Positive RealEstate. ASIC alleged that between December 2013 and July 2016, Positive RealEstate paid SMSF Club around $5000 each time a client bought ...

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... MSAL has admitted it failed to correctly report at least 73 million short sales between December 2009 and February 2024. ASIC, however, believes the scale of total misreporting could be between 298 million and 1.5 billion short sales. ASIC lodged civil ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... super funds can collectively charge for. However, despite the wait, some elements of the expected reforms were missing. 5. ASIC bans adviser fraudster found with child abuse material A Brisbane-based financial adviser was banned after being found guilty ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... things necessary to ensure the financial services they provided were done so efficiently, honestly, and fairly. However, ASIC said it will not be seeking a pecuniary penalty to ensure members are remediated quickly, and in recognition of Netwealth's ...

Receivers appointed to First Mutual Private Equity

MATTHEW WAI  |  THURSDAY, 18 DEC 2025
... issued in August against FMPE and Cotton's assets, which were extended the following month. The orders will remain in place, ASIC confirmed. However, they are allowed to withdraw a further $250,000 from the bank accounts, subject to the freezing orders ...

Equity Trustees hit with additional licence conditions

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on Equity Trustees Superannuation Limited (ETSL) to address concerns relating to its investment governance frameworks and practices, including oversight ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... will not affect underlying operating cash flow or the ongoing performance of the group's core business units," Sequoia said. ASIC is currently suing Sequoia's subsidiary Interprac Financial Planning, alleging its financial advisers provided thousands ...

ASIC welcomes support for simplifying guidance on conflicts of interest

MATTHEW WAI  |  TUESDAY, 16 DEC 2025
ASIC has made changes to the regulatory guidance on managing conflicts of interest for Australian financial services licence (AFSL) holders, with the changes informed by its surveillance of private markets. The updated Regulatory Guide 181 AFS Licensing ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
The professional indemnity insurance (PII) sector will be forced to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable, Assistant Treasurer Daniel Mulino proposes, as the Opposition slams the scheme for "constantly ...

ASX to undergo 'circuit breaker' reforms

ELIZA BAVIN  |  MONDAY, 15 DEC 2025
... market operator's reset, and responding to the Interim Report released today by the panel of the Inquiry into the ASX Group. ASIC said it obtained commitments from the ASX on reforms including: strengthening the independence and governance of ASX's Clearing ...