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Showing 211 - 220 of 1365 results for "Australian Securities and Investments Commission"

ASIC bans former Patersons adviser for life

ALEX BURKE  |  FRIDAY, 13 MAR 2015
The Australian Securities and Investments Commission (ASIC) has permanently banned a former Patersons Securities retail operations manager and financial adviser from practicing financial services. Based on a voluntary report submitted by Patersons Securities ...

AMP practice to pay $10,200 penalty

LAURA MILLAN  |  THURSDAY, 12 MAR 2015
... Financial Planning Solutions (AFPS) has been hit with $10,200 in penalties after the Australian Securities and Investments Commission (ASIC) issued an infringement notice for making false or misleading representations. ASIC's concerns related to an article ...

Advisers scramble to gather ASIC register data

LAURA MILLAN  |  MONDAY, 2 MAR 2015
... the information they can in the time that is available." The first phase of the Australian Securities and Investments Commission (ASIC) public register of financial advisers demands that advisers submit a five year history of their employment background ...

Westpac, Count on ASIC radar over complex product advice

LAURA MILLAN  |  TUESDAY, 24 FEB 2015
... 10 licensees forced to undertake corrective action following concerns by the Australian Securities and Investments Commission (ASIC) concerns about financial advice relating to complex products. In December 2013 ASIC identified concerns over complex ...

Nationals pressure Treasury for RC into white collar crime

LAURA MILLAN  |  MONDAY, 23 FEB 2015
... the motion for a Senate Economics Committee inquiry into the performance of the Australian Securities and Investments Commission (ASIC) in mid-2013. The inquiry revealed a number of cases of failed financial advice, especially within the advice arms ...

SMSFs attract too much criticism

MARK SMITH  |  THURSDAY, 19 FEB 2015
... there to protect members against themselves." He also admitted that a recent Australian Securities and Investments Commission (ASIC) investigation into the quality of SMSF advice had unearthed too many problems. "We still have some way to go before everyone ...

Advice register more detailed than expected

LAURA MILLAN  |  WEDNESDAY, 18 FEB 2015
... firm employees and authorised representatives) will also have to provide the Australian Securities and Investments Commission (ASIC) with information. The register will include the provider's name, date and place of birth, the name of the licensee that ...

ASIC ends Macquarie EU but sees gaps in advice files

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
... Macquarie Equities Limited advice files have gaps and require further testing, the Australian Securities and Investments Commission (ASIC) said as the two year enforceable undertaking (EU) into the organisation's advice arm comes to an end. "While there ...

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
... the payment compensation. ANZ and M3 cooperated with the investigation by the Australian Securities and Investments Commission (ASIC) and also engaged Clayton Utz and Ernst and Young to ensure that a thorough investigation and client remediation was ...

Life insurance commissions must remain an option: AFA

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
... available," Anderson said at an AFA GenXt roadshow in Sydney. A report by the Australian Securities and Investments Commission (ASIC) on life insurance rated 45% of advice a failure when advisers were receiving high upfront commissions. But the number ...