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Showing 391 - 400 of 5203 results for "2015-16 ASIC"

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... fees for no service. Kiriley Roper was a director, shareholder and adviser at Lighthouse Partners in Redcliffe, Queensland. ASIC alleges that between January 2022 and October 2023 Lighthouse Partners engaged in fees for no service conduct in relation ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
ASIC warns it will take a deeper dive into the roles that financial advisers, superannuation platforms and research houses are playing in members being pushed into high-risk investment schemes. The corporate regulator is closely looking at the entire ...

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... Federal Court orders. Today's judgment demonstrates such brazen and intentional disregard of the law will be strongly punished. ASIC will continue to take action to ensure court orders are complied with," ASIC deputy chair Sarah Court said.

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN  |  WEDNESDAY, 2 JUL 2025
... property; incurring new liabilities; and withdrawing, transferring, disposing of or dealing with money held in bank accounts. ASIC said it sought the orders to ensure Anderson and Selimaj remain in Australia to assist the regulator with its investigation ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
APRA is warning superannuation funds "not to cut corners" when in it comes to getting their operational risk management in order as the landmark prudential standard CPS 230 comes into effect today. CPS 230 Operational Risk Management effectively forces ...

RBA powers deemed 'last resort' for critical financial infrastructure fallout

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... Treasury Laws Amendment (Financial Market Infrastructure and other measures) Bill in September 2024. Under new the legislation, ASIC is primarily responsible for the licensing regime, while the RBA will oversee the financial system stability and supervise ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
ASIC has provided AFSLs new reliefs to help them manage the reportable situations regime, which includes extending the length of investigations reportable from 30 days to 60 days. Also in the relief, ASIC is exempting the reporting of certain breaches ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
ASIC has accepted a court enforceable undertaking from DM Advisory Services principal David Makowa, the auditor of Brite Advisors. Makowa, a veteran of more than 20 years in practice - including stints at Ernst & Young and KPMG - has surrendered his ...

ASIC appoints ASX inquiry panel

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
ASIC has appointed three panel members to conduct its inquiry into the Australian Securities Exchange (ASX). The inquiry is in response to the ongoing concerns around the ASX's questionable ability to "maintain stable, secure and resilient" market ...

Betashares gearing up to expand Wealth Builder product suite

ANDREW MCKEAN  |  WEDNESDAY, 25 JUN 2025
Betashares has registered a new managed investment scheme, which possibly signals the expansion of its Wealth Builder geared ETF product suite, launched in April last year. The Betashares Wealth Builder Global Shares Geared (30-40% LVR) Complex ETF ...