Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 271 - 280 of 1365 results for "Australian Securities and Investments Commission"

Misleading PDS costs NAB $10,200

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
... statement (PDS) has seen National Australia Bank (NAB) get a $10,200 penalty from the Australian Securities and Investments Commission (ASIC). The regulator was concerned that the PDS for the NAB Annuity Term Deposit to retail investors misled consumers ...

Coalition Senators head-to-head over FoFA

LAURA MILLAN  |  FRIDAY, 26 SEP 2014
... also tabled the request to start a Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), following a number of media reports that revealed cases of bad advice within Commonwealth Bank (CBA). The committee ...

FSC advice regulation plan leaves AMP cold

LAURA MILLAN  |  THURSDAY, 25 SEP 2014
... Committee (PFC) inquiry on adviser education and professional standards, the Australian Securities and Investments Commission (ASIC) expressed concern about the idea of self-regulation and said that professional bodies have "an inevitable conflict of ...

ASIC bans person who made false Facebook investment claims

JAMES FERNYHOUGH  |  THURSDAY, 25 SEP 2014
... deal involving the Facebook initial public offering. An investigation by the Australian Securities and Investments Commission (ASIC) found that Ishan Seenar Sappideen of Bellevue Hill "misled investors, created false documents and was not of good fame ...

FPA rejects FSC adviser regulation plans

ALICE URIBE, LAURA MILLAN  |  WEDNESDAY, 24 SEP 2014
... proposed board would include representatives from industry participants such as the Australian Securities and Investments Commission (ASIC), the Tax Practitioners Board (TPB), a representative from each of the applicable advice associations and academics. ...

Advice associations under conflict of interest on professionalism: ASIC

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... advice industry, as associations have "an inevitable conflict of interest," the Australian Securities and Investments Commission has argued. "Industry associations have an inevitable conflict of interest between enforcing standards of conduct against ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... report later in the year, while both the financial services industry and the Australian Securities and Investments Commission (ASIC) remain "under intense scrutiny and pressure-from parliament, press, and the public-to demonstrate that they will not ...

ASIC bans former Synchron adviser

STAFF WRITER  |  TUESDAY, 23 SEP 2014
The Australian Securities and Investments Commission (ASIC) has banned a former Synchron financial adviser from providing financial services for five years for failing to provide Statements of Advice (SOAs). Michael Richard Irwin, a Rockhampton-based ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... regulation, and instead can only use simple tools, Minter Ellison said. "While [the Australian Securities and Investments Commission] ASIC has issued a class order in relation to calculators, the conditions mean that very few providers can rely on it ...

BOQ reaches $17 million settlement with Storm victims

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... approval and it concludes both the legal proceedings brought against BOQ by the Australian Securities and Investments Commission (ASIC) and a class action on behalf of borrowers advised by Storm Financial. The ASIC's unregistered managed scheme proceedings ...