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Showing 41 - 50 of 609 results for "Financial products"

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... eToro, ASIC has issued many interim stop orders under the DDO obligations to prevent entities from distributing financial products where it considers the target market determinations to be deficient. Further, Court outlined the watchdog is keeping an ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... subject to dual jurisdictions should be reviewed. The federal government has responsibility for regulating financial products while states and territories are responsible for real property. "The overlap between jurisdictions overseeing these types of ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... included thousands of financial advice clients who invested in the US Masters Residential Property Fund (URF) and financial products operated by entities related to Dixon Advisory. In January 2022, DASS went into voluntary administration. On 16 December ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... providing personal financial advice to their members should therefore focus on the way they communicate about financial products, particularly as the test for personal financial advice can be satisfied even in the absence of knowing a person's objectives ...

ACCC publishes draft guidance on greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023
... greenwashing. "The ACCC will focus on consumer facing products and services, whereas ASIC is primarily responsible for financial products and financial services," the guidance said. "However, misleading environmental claims may sometimes fall within ...

ASIC permanently bans David Sutton

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... Sutton was deemed not a "fit and proper person" to provide financial services as he induced people to deal in financial products by making a statement that's misleading, false or deceptive. He also made false, misleading or deceptive representations ...

Dealer group adopts profit-for-purpose model

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
... products and services, and appropriate tools and resources to facilitate understanding and decision making about financial products and services. The program will offer several mechanisms that allow its financial advisers to participate in initiatives ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... were not properly identified or disclosed. ASIC commissioner Danielle Press explained that, as providers of financial products, trustees have a responsibility to secure incoming funds for products in specific, prescribed manners. This is essential to ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... estimates states trustees should not provide reasonable investment earning and fee assumptions "based on specific financial products as long as the superannuation calculator does not advertise or promote those products". The same approach would presumably ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
... documents with Netwealth, which contained forged signatures, purporting to relay instructions to deal with financial products on behalf of clients. Following the charges, Wertheimer pleaded guilty and was convicted and sentenced to 18 months in prison ...