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Showing 11 - 20 of 539 results for "Supervision"

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI  |  TUESDAY, 31 MAR 2026
... between himself and the clients, ASIC said. Hogan commenced his professional year training in February 2022 under the supervision of Merhi of Venture Egg, who has since been charged over his involvement in the Shield and First Guardian disaster. Merhi ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... Netwealth, Diversa Trustees and Equity Trustees have all announced they will tap Part 23 of the Superannuation Industry Supervision Act (SIS Act) to make their members whole, arguing the two MISs were fraudulent and they therefore do not consider themselves ...

Infocus reinforces focus on adviser support, governance with new hire

MATTHEW WAI  |  TUESDAY, 10 MAR 2026
... "Strong governance and oversight are fundamental to that. Phil's deep experience across compliance, risk and adviser supervision will further strengthen the guidance and support we provide across the Infocus community. "Phil's perspective and leadership ...

Treasury proposes options to block victim-survivors' super going to perpetrators

JAMIE WILLIAMSON  |  THURSDAY, 5 MAR 2026
... Parliamentary Joint Committee on Corporations and Financial Services recommended an amendment to the Superannuation Industry (Supervision) Act 1993 to ensure beneficiaries who perpetrated domestic and family violence, including financial abuse, or caused ...

Equity Trustees places superannuation arm under review

JAMIE WILLIAMSON  |  THURSDAY, 19 FEB 2026
... reported a net profit after tax of $20.5 million, up 67% on 1H25. Its total funds under management, administration and supervision now sits at $283.7 billion, an increase of 28% on the corresponding period. About $96 billion of this sits within the superannuation ...

ASIC cancels AFSL of Qld securities dealer

MATTHEW WAI  |  MONDAY, 16 FEB 2026
... Markets, a wholly owned subsidiary of BIR Financial, for providing incompetent financial services, including inadequate supervision of its corporate authorised representatives (CARs). The cancellation took effect on February 11. ASIC found that the securities ...

ASIC imposes licence conditions on Cambridge Mercantile

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
... representatives, and that it failed to maintain adequate risk management systems and adequate human resources to carry out supervision, compliance, and risk management functions. Finally, ASIC found Cambridge breached its financial resource requirements. ...

Drummond steps up governance and adviser support

ELIZABETH FRY  |  THURSDAY, 5 FEB 2026
... He joins from Symmetry, a boutique Western Australian-based AFSL, where he oversaw governance, compliance, adviser supervision, advice technology and the end-to-end delivery of advice services. While at Symmetry, the licensee appointed Drummond Capital ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... "Private markets are opaque, and Australia has limited regulatory reporting outside superannuation, meaning constrained supervision and potential heightened risks for investors," ASIC said. The regulator said it will continue to crackdown on high-pressure ...

Pump and dump conspirators sentenced

MATTHEW WAI  |  TUESDAY, 23 DEC 2025
... Yusef to pay $13,464.89 to the Commonwealth of Australia. All offenders must not commit any offence and must submit to supervision by a community corrections officer, ASIC said. In delivering the sentencing judgment, judge Turner emphasised that duration ...