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Showing 541 - 550 of 5207 results for "2015-16 ASIC"

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... including systemic unconscionable conduct, misleading and deceptive conduct, and the provision of unlicensed personal advice. ASIC said these companies directly profited from their customers' losses and incentivised their account managers to pressure ...

New tool will streamline regulation: Chalmers

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
The government has released a new tool with the aim to streamline and coordinate regulation in the financial sector. Treasurer Jim Chalmers said the tool will help build a more competitive, dynamic and productive economy. "We want to make it simpler ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
ASIC is taking Binance Australia to court alleging it denied more than 500 retail clients important consumer protections by misclassifying them as wholesale clients. ASIC alleges from 7 July 2022 to 21 April 2023, Binance offered crypto derivative products ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ...

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
Hostplus published its inaugural Service Standards Report, aimed at improving transparency and accountability, with hopes other funds will follow suit. Hostplus chief executive David Elia said the report provides a comprehensive view of the volume ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... breach of the law. "... Bit Trade's contraventions were serious and motivated by a desire to maximise revenue," he said. ASIC chair Joe Longo said TMDs are fundamental in ensuring that investors aren't inappropriately marketed products that could ...

Danielle Press joins Income Asset Management

JAMIE WILLIAMSON  |  THURSDAY, 12 DEC 2024
Former ASIC commissioner Danielle Press joined Income Asset Management (IAM), as the company launches a bond ETF. Press is joining the board of IAM as a non-executive director, effective today. She was most recently a commissioner at ASIC, and is currently ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
The Financial Advice Association Australia (FAAA) has made a submission to the Senate Economics Committee inquiry into wealth management companies, highlighting financial advisers' concerns around the Compensation Scheme of Last Resort (CSLR). Specifically ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... Securities and Investments Commission (ASIC) as the single disciplinary body for financial advisers from 1 January 2022. ASIC is responsible for convening individual panels to consider disciplinary matters. Each panel must consist of a chair who is an ...

Adviser exam pass rate improves

MATTHEW WAI  |  MONDAY, 9 DEC 2024
... financial adviser'. Those who were unsuccessful will receive feedback as to the areas of the exam in which they underperformed, ASIC said. The next exam, the 28 th sitting, will be held on 6 March 2025.