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Showing 631 - 640 of 5210 results for "2015-16 ASIC"

Majority pass adviser exam

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
ASIC reported a 62% pass rate for the latest sitting of the Financial Advisers Exam. In the August cycle, 231 candidates sat the exam and 143 passed. Nearly three quarters (73%) sat the exam for the first time. The results were similar to the April ...

ASIC cancels AFSL of foreign exchange contracts issuer

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... Australian financial services licence (AFLS) of contracts for difference (CFDs) and foreign exchange contracts issuer, FXOpen AU. ASIC said the decision to cancel the licence came after an investigation identified serious concerns about the adequacy ...

Former ASIC commissioner joins Insignia Trustees

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
A former ASIC commissioner will join Insignia Financial as the chair of its trustees business on September 19. Danielle Press also assumes the position of non-executive director at Insignia Financial Trustees, replacing Lindsay Smartt. Press had a five-year ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... from futures and FX trading; much of the money was used to fund his lifestyle, with just 3% of the funds actually traded, ASIC said. Iervasi was the sole director of the business throughout the period and was charged in December 2021 for fraud offences. ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
Super funds are falling short of millennial members' expectations, according to financial experts at an ASIC roundtable. The roundtable panellists, which included financial adviser Andrew Dunbar, She's on the Money podcast host Victoria Devine ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
... its clients instead of on CLSA's own behalf, thus giving incorrect information about the origin of those orders and trades, ASIC said. Although the regulatory data failures are considered "inadvertent", resulting from a planned system change to CLSA's ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
E&P Financial Group's 7400 advised-client base saw their wealth jump 26% to nearly $30 billion, while former clients under the defunct Dixon Advisory continue to struggle to access recourse. The ASX-listed wealth firm boasted it oversaw $29.4 billion ...

ASIC launches new AFSL portal

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... invitation-only group. All AFS licensees and applicants will transition to the new AFSL portal in the first quarter of 2025. ASIC said the portal aims to simplify and streamline digital applications and will provide a more user-friendly experience by ...

Australia a 'regional private wealth hotspot': Preqin

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
Australia is a top regional private wealth hotspot, with the greatest proportion of investors, many of whom are looking to alternatives, according to a Preqin report. The data provider's report highlighted that among all private wealth investors in ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The Australian Prudential Regulation Authority (APRA) has published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks ...