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Showing 231 - 240 of 696 results for "Financial products"

Unlicensed crypto platforms robbing investors

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... crypto-assets provided by unlicensed platforms, according to ASIC. The corporate regulator said investors trading in financial products such as options and futures are losing large amounts of money from unlicensed providers as a result of platform outages ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... being prima facie insolvent. The clients of the now-defunct Halifax used several trading platforms to invest in financial products, namely exchange-traded and over-the-counter financial products. ASIC commissioner Cathie Armour said auditors are important ...

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... authorised representative of Millennium3 since 5 February 2004, providing financial product advice and dealt in financial products. ASIC banned the Lismore-based duo after an investigation found that they failed to ensure that NCFS complied with financial ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... adequate processes to identify when advisers were avoiding advice quality checks or recommending non-approved financial products, resulting in "serious flaws" which should have been apparent. The court previously made declarations that Doyle had breached ...

ASIC industry levy to increase

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... million. The new costs are applicable to licensees that provide personal advice to retail clients on relevant financial products. ASIC calculates a different levy for advisers who provide retail advice for products that are not relevant financial products ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
... Corporations ACT 2001 on misleading and deceptive conduct and false and misleading statements apply in relation to financial products such as securities or interests in funds," Armour said. "Accordingly, we encourage boards to look out for any greenwashing ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
The corporate regulator has opened consultation for the proposed ban to hawking of financial products. Anti-hawking reforms are slated for an October 5 start. They are a part of the government's response to the Hayne Royal Commission, which said hawking ...

ASIC releases grandfathered arrangement findings

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... product issuers complying with the new law that took effect at the start of the year. ASIC found that 1227 financial products terminated their grandfathered conflicted remuneration (GCR), representing 96% of the total number of products, during its review ...

Hejaz expands with three new funds

KARREN VERGARA  |  MONDAY, 12 JUL 2021
... and retire with a good amount in their nest egg. As an Australian Muslim himself, Ozyon recalls the lack of financial products available to him when he started out in the financial services industry. He hopes that by launching these funds to mums and ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... and distribution obligations will come into effect in October and aims to help consumers obtain appropriate financial products by requiring issuers and distributors to have a "consumer-centric approach" to the design and distribution of products. Templates ...