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Showing 321 - 330 of 1464 results for "Investments Commission"

CBA to fund adviser education and association membership

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
... of the Senate Economics Committee inquiry looking into the performance of the Australian Securities and Investments Commission's (ASIC). A CBA spokesperson told Financial Standard that "CBA will support existing advisers transition to the new requirements ...

SMSFs stung by $1M property Ponzi scheme

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
... running a financial services business without a licence. An investigation by the Australian Securities and Investments Commission (ASIC) found that Patrick often formed companies to purchase properties for development. To obtain funds for the property ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... to use their self-managed super fund (SMSF) to invest in property has led the Australian Securities and Investments Commission (ASIC) to remind property developers that they need a license to operate. The regulator "issued a warning that any real estate ...

SMSFs get off lightly in FSI interim report

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
... The report also addressed the question of advice, citing a 2013 review by the Australian Securities and Investments Commission (ASIC) that found 28% of SMSF advice was 'poor'. In the general superannuation section, the report questioned current tax exemptions ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
... (FSI) Committee, headed up by chairman David Murray, has questioned whether the Australian Securities and Investments Commission (ASIC) requires greater powers to better monitor Australia's financial services industry. In the 460-page interim report ...

ASIC considers compulsory advice for complex products

MARK SMITH  |  MONDAY, 14 JUL 2014
... Mandatory financial advice for the sale of complex products is among the measures the Australian Securities and Investments Commission (ASIC) is considering to protect consumers from the risks posed by these investment vehicles. In a newly published ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
In the wake of the Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), the Commonwealth Bank (CBA) will lift the minimum education standards for its financial advisers and demand that they belong to a ...

ASIC permanently bans former finance broker

HARRY PAGE  |  THURSDAY, 10 JUL 2014
The Australian Securities and Investments Commission (ASIC) has permanently banned former Victorian finance broker Rudy Frugtniet after he provided misleading information and lacked full disclosure on a credit licence application. Frugtniet is a former ...

ASIC warns fund managers to fix fee disclosure

MARK SMITH  |  TUESDAY, 8 JUL 2014
The Australian Securities and Investments Commission (ASIC) has warned fund managers to get their act together to avoid inconsistent or false disclosure of fees to investors. The regulator has issued a report following an investigation into fee and ...

Macquarie rebukes advice, compliance concerns

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
... advice business two weeks ago. The group said that it has been working with the Australian Securities and Investments Commission (ASIC) "to resolve all its matters of concern." "This has been a very full process coinciding with the FoFA reforms and resulting ...