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Showing 501 - 510 of 5599 results for "ASIC"

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
Eighteen finfluencers have received warnings from ASIC for promoting high-risk products and providing unlicensed financial advice. The warnings were part of a Global Week of Action Against Unlawful Finfluencers, which saw ASIC participate in a coordinated ...

Aussies feeling FOMO on private markets: Survey

MATTHEW WAI  |  THURSDAY, 12 JUN 2025
... less frequent valuations, and investment managers create more evergreen funds," Watson said. It comes as the industry urged ASIC to ramp up scrutiny on private markets following its discussion paper on the dynamics between public and private markets ...

Telegram pump and dump schemers plead guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUN 2025
... more. They all face a maximum penalty for the conspiracy offence of 15 years' imprisonment and a fine of over $1 million. ASIC alleges the four individuals formed a private group on Telegram to discuss and select penny stocks that they would then share ...

Super funds' private market assets grow to $400bn

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... allocations. AustralianSuper, meanwhile, reduced its allocation from 2.2% to 1.5% over the two-year period. In a submission to ASIC's recent public and private markets discussion paper, Super Members Council (SMC) said superannuation investments in the ...

ASIC sues Australian Unity for TMD failure

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
ASIC is suing Australian Unity Funds Management for allegedly failing to ensure retail investors fit the suitable target market for its investment product, the Select Income Fund. ASIC is looking at the period between 5 October 2021 and 5 October 2023 ...

State Street's plan for power, product, partnerships

ANDREW MCKEAN  |  TUESDAY, 10 JUN 2025
State Street Global Advisors (SSGA) is the largest asset management firm in Australia by locally sourced assets under management (AUM) - by some margin - though few realise. With nearly $500 billion in local assets under its watch, mostly via institutional ...

ASIC shrinks IPO timetable to boost listings

MATTHEW WAI  |  TUESDAY, 10 JUN 2025
Initiating a two-year trial today, ASIC has enabled a shorter initial public offering (IPO) timetable for eligible entities seeking to list on the Australian Securities Exchange (ASX). During the trial, ASIC will "informally" review eligible documents ...

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
ASIC and APRA commenced a joint review in 2022 over concerns that life insurance premium increases might not have aligned with policy terms or met policyholder expectations set by disclosure and marketing materials, though has since noted progress. ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
ASIC has granted a limited no-action position in response to an issue related to the inclusion of account numbers in a client's written consent for the deduction of ongoing advice fees. ASIC is reminding financial advisers and superannuation trustees ...

Private credit market has lenders sweating

ANDREW MCKEAN  |  THURSDAY, 5 JUN 2025
... management rising from $57.1 billion in 2014 to $148.6 billion in last year, nearly tripling over the decade, according to ASIC. Stamford Capital managing director Peter O'Connor said private credit has dominated market activity and accounts for around ...