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Showing 291 - 300 of 1365 results for "Australian Securities and Investments Commission"

Aligned licensees could be renamed "restricted advice" groups

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
... businesses, instead of the current 'aligned' or 'institutionally-owned' labels, the Australian Securities and Investments Commission (ASIC) proposed. The regulator said that advice businesses should be "better informing clients about the nature of vertically ...

Mariner chairman resigns

JAMES FERNYHOUGH  |  TUESDAY, 26 AUG 2014
... chief executive officer Darren Olney-Fraser. The two resignations come after the Australian Securities and Investments Commission (ASIC) commenced legal proceedings against Mariner in the Federal Court in April over the company's proposed takeover bid ...

Adviser jailed for blowing client funds on fast cars

MARK SMITH  |  THURSDAY, 21 AUG 2014
... house has been jailed for more than five years following an investigation by the Australian Securities and Investments Commission (ASIC). Carlo Cini, a former director of Williamstown-based company, C Cini & Company, received a total of five years and ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... compensation process was set up following an exhaustive Senate inquiry into the Australian Securities and Investments Commission (ASIC) prompted by cases of poor advice at CBA. The inquiry concluded that poor advice was widespread within CBA's Financial ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... public last Friday reproduced the same problems that the Senate inquiry into the Australian Securities and Investments Commission (ASIC) identified in Commonwealth Bank's (CBA) compensation of financial advice clients. "This scheme poses the same problems ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... Australian financial services (AFS) license on March 1, 2004. The EU, imposed by the Australian Securities and Investments Commission (ASIC), forces Macquarie to establish a compensation process that mirrors that of Commonwealth Bank's financial planning ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
... the Open Advice Review program and the new licensee conditions imposed by the Australian Securities and Investments Commission (ASIC) on CBA's Commonwealth Financial Planning and Financial Wisdom businesses. "The financial impact of the Open Advice Review ...

Administrators fined over 'free ' SMSF set up claims

STAFF WRITER  |  TUESDAY, 12 AUG 2014
The Australian Securities and Investments Commission (ASIC)A has ordered a self-managed superannuation fund (SMSF) administration service provider to pay an infringement notice penalty after claiming its service was free. Your Super Accountant has paid ...

ASIC lowers wholesale investor threshold to $2.5 million

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... million could be classified as wholesale investors by their financial advisers, the Australian Securities and Investments Commission (ASIC) has determined. The regulator has issued a statement to clarify the definition of retail and wholesale investors. ...

Resources needed for outcomes, regulators warn Treasury

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... agencies. In its response, made public in the form of a statement of intent, the Australian Securities and Investments Commission (ASIC) said that it can operate "at a range of resource levels, but resourcing will affect the outcomes we seek to achieve." ...