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Showing 181 - 190 of 5582 results for "ASIC"

ASIC imposes licence conditions on Cambridge Mercantile

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
ASIC has imposed additional conditions on the Australian financial services licence (AFSL) of Cambridge Mercantile's local branch, following ongoing compliance failures in its foreign exchange derivatives business. The Corpay subsidiary misclassified ...

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
Effective February 5, ASIC banned former MWL Financial Services (MWL) adviser Neil McPherson for giving advice to certain clients that was not in their best interests. An investigation found that during his tenure with MWL, McPherson recommended some ...

Helen Lofthouse to exit ASX in May

JAMIE WILLIAMSON  |  WEDNESDAY, 11 FEB 2026
... Previously, she was group executive for markets. Since taking on the top job, she's faced immense pressure, including from ASIC and the Reserve Bank of Australia, over lengthy delays to the new CHESS solution. First announced in 2015, the new technology ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
... cybersecurity failures that went on for years and saw the private data of clients compromised and, in some cases, leaked. ASIC brought its case against FIIG Securities in March 2025 after it found the firm failed to have adequate cyber risk management ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
... managed. Existing audit and assurance standards should be mandatory for auditors of compliance plans, while REs should notify ASIC of the appointment, removal or resignation of committee members. This is in addition to increasing ASIC's data collection ...

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
... and broader advice industry figures, Aged Care Steps called for enhanced regulation and enforcement through strengthening ASIC's role in overseeing aged care financial advice. The report also suggested that aged care financial advice be classified as ...

ASIC bans adviser who stole from super accounts

JAMIE WILLIAMSON  |  FRIDAY, 6 FEB 2026
... amateur comedian and celebrity impersonator who was convicted on fraud charges last year, has been permanently banned by ASIC. Valvo was convicted last year of engaging in dishonest conduct after he stole $110,000 from clients' Wealthtrac superannuation ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... complaint in relation to the Shield and First Guardian Master Funds, as the deadline for some fast approaches. Funded by ASIC, the new website was launched by Super Consumers Australia (SCA) to provide detailed information and self-help tools for those ...

Former AMP adviser banned over false documents

JAMIE WILLIAMSON  |  THURSDAY, 5 FEB 2026
... a financial product or service after, on three occasions, he signed documents on clients' behalf without their knowledge. ASIC said Nong used systems to record a meeting and dishonestly sign client consent forms before sending them to be processed. The ...

Advisers need more support: FAAA submission

ANGELIQUE MINAS  |  THURSDAY, 5 FEB 2026
... professional advisers with access to the ATO portal and simplifying and enhancing the tax deductibility of advice. As the ASIC levy and Compensation Scheme of Last Resort (CSLR) are increasing cost burdens on the sector, the cost of advice is also rising ...