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Showing 631 - 640 of 5609 results for "ASIC"

MA Financial readies first LIT for launch

MATTHEW WAI  |  MONDAY, 20 JAN 2025
... Financial has today formally lodged a product disclosure statement with the Australian Securities and Investments Commission (ASIC). Ord Minnett and MA Moelis Australia Advisory have been appointed at the joint lead arrangers and joint lead managers. ...

ASIC names new chief executive

MATTHEW WAI  |  FRIDAY, 17 JAN 2025
The Australian Securities and Investments Commission (ASIC) has named a chief executive, following Warren Day's abrupt exit in June last year. Australian Competition and Consumer Commission (ACCC) chief executive Scott Gregson will join ASIC on March ...

Morgans Financial crowned largest licensee

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
... 2024, while AMP FP had 426. On December 20, both AFSLs had 430 registered advisers, Rainmaker Information modelling of the ASIC Financial Advisers Register shows. Alliance Wealth's 367 advisers rounds up the top three largest licensees in Australia. ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... "failing to adequately supervise" its authorised representatives and corporate authorised representatives (CARs), following an ASIC investigation. Sanlam has subsequently entered a court enforceable undertaking and will need an ASIC-approved independent ...

Traders left scrambling over ASX settlement outage

MATTHEW WAI  |  MONDAY, 23 DEC 2024
... volume of settlement and recognised that this may take longer than the usual end-of-day-processing time. As a regulator, ASIC advised that it will review a detailed incident report compiled by the ASX to fully understand the issue. "ASIC and the RBA ...

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
... was running as a Ponzi scheme, he did know that it didn't possess a financial services licence from about 24 June 2015. ASIC deputy chair Sarah Court said: "ASIC is committed to investigating people who engage in and profit from dishonest conduct. ...

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 sequencing and implementation of reforms. The RIG houses a forward program of key initiatives from agencies including ASIC, APRA, ACCC, RBA, ATO, AUSTRAC and ASFA. "It will particularly support smaller financial sector businesses navigate upcoming ...

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 ...