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Showing 191 - 200 of 252 results for "Financial Services Law"

ASIC accepts EU of former adviser

KERRIE SYDEE  |  WEDNESDAY, 18 MAY 2016
ASIC has accepted an enforceable undertaking (EU) of former Victorian financial adviser and authorised representative of the Synchron dealer group, Michael Melamed. The EU follows concerns from ASIC that Melamed's advice about life insurance, during ...

NAB supports ex-adviser ban

ALEX BURKE  |  FRIDAY, 4 MAR 2016
NAB has come out in support of ASIC's decision to ban one of its former advisers for five years. ASIC said that Gerard McCormack engaged in "misleading and deceptive conduct between June and July 2013, when he was a NAB adviser." Specifically, McCormack ...

ASIC bans former Guardian Advice planner

ALEX BURKE  |  WEDNESDAY, 17 FEB 2016
ASIC has permanently banned a former Guardian Advice representative. Andrew Moroney worked under the Guardian Advice licence from 2006 to 2014, during which time ASIC alleged he engaged in deliberate "policy churn" - annually recommending clients replace ...

Club Plus Super increases women on trustee board

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
... barrister, recently appointed Senior Counsel (SC) for New South Wales. She is regarded as an expert in financial services law and corporate governance - in particular directors' duties - and has deep understanding of the legal and regulatory challenges ...

ASIC to be handed greater powers

MARK SMITH  |  TUESDAY, 20 OCT 2015
The government has said it will grant the Australian Securities and Investments Commission (ASIC) additional powers to effectively regulate the financial services sector. More than 10 months after the release of FSI chairman David Murray's final report ...

CBA publicly welcomes former staff bans

MARK SMITH  |  THURSDAY, 8 OCT 2015
The Commonwealth Bank has publicly welcomed the Australian Securities and Investment Commission's (ASIC) decision to ban former CFPL financial planners, Sharnie Kent and Stuart Jamieson. In a press release issued by the bank it said it reported concerns ...

ASIC hits advice firm with more licence conditions

ALEX BURKE  |  FRIDAY, 2 OCT 2015
ASIC has increased its surveillance activity on Total Financial Solutions Australia advisers, following compliance concerns. The surveillance commenced in October 2014 and focused on TFSA product advice, which ASIC identified as having a "one-size-fits-all ...

ASIC warns super trustees

DARREN SNYDER  |  TUESDAY, 15 SEP 2015
The Australian Securities and Investments Commission (ASIC) has warned superannuation trustees about the promotion of member direct or self-managed investment options. ASIC commissioner Peter Kell said that occasionally the promotion of self-managed ...

ASIC would "rarely" ban products

ALEX BURKE  |  MONDAY, 7 SEP 2015
... per Financial System Inquiry recommendations, ASIC chair Greg Medcraft said. Speaking at the Banking and Financial Services Law Association conference in Brisbane, Medcraft added he was aware of growing concern about ASIC's widening regulatory scope. ...

Perpetual wins RE mandate with seven funds

STAFF WRITER  |  THURSDAY, 3 SEP 2015
... institutional and retail investors to ensure their funds are operated in a manner consistent with Australian financial services law and in the best interests of investors," said Perpetual acting general manager regulated fiduciary services Rupert Smoker. ...