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Showing 51 - 60 of 160 results for "ASIC for"

Former adviser charged over faked books

CHLOE WALKER  |  TUESDAY, 28 JUN 2022
... like he was compliant with his obligations as an authorised representative. In 2019, Nguyen was permanently banned by ASIC for his dishonest conduct with the regulator saying he is likely to contravene financial services law in future for reasons including ...

Spaceship chair banned for two years

JAMIE WILLIAMSON  |  TUESDAY, 7 JUN 2022
The chair of Spaceship Capital has been banned by ASIC for failing to understand all the financial services offered by the group. Paul Ernest Dortkamp has been banned from performing functions as an officer and responsible manager of a financial services ...

ANZ sued by ASIC

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
ANZ has acknowledged the civil penalty proceedings launched against it in Federal Court by ASIC for allegedly misleading and overcharging thousands of customers. The corporate watchdog today alleged that between May 2016 and November 2016 around 165,750 ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... all of their voting powers to a single entity," she said. MP Andrew Leigh said the Hayne Royal Commission criticised ASIC for being slow to act on emerging issues. "I worry that on common ownership, [ASIC] is making the same mistake," he said. "[Common ...

ASIC disqualifies SMSF auditor

ANNABELLE DICKSON  |  WEDNESDAY, 30 JUN 2021
... act as co-regulators of SMSF auditors. The ATO's role is to monitor SMSF auditor conduct and then refer matters to ASIC for further action. "SMSF auditors are fundamental to the SMSF sector and must meet minimum standards of behaviour to ensure they ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... scandal with ASIC which included $5 million penalty, $15 million to a financial consumer protection fund and $5 million to ASIC for its litigation and investigation costs. ANZ also settled court action with ASIC in 2017 for a confidential and in-principle ...

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
A trading platform was slapped with additional conditions from ASIC for several compliance failures. ASIC is doubtful if retail OTC derivative issuer AxiCorp Financial Services has the appropriate procedures and internal controls to meet regulatory ...

PIMCO eyes ETFs

KANIKA SOOD  |  MONDAY, 22 FEB 2021
... strategies in ASX's mFunds marketplace. These totalled $256 million in total assets at January end. It has now applied to ASIC for approvals on listing at least three fixed income funds on the exchange: the $1.1 billion PIMCO Income Fund, the $7.2 ...

FPA calls for levy overhaul

ANNABELLE DICKSON  |  WEDNESDAY, 3 FEB 2021
... reference checks to be extended to general advice and anyone who can influence the advice process in its submissions to ASIC for Consultation Paper 333 Implementing the Royal Commission recommendations: Reference checking and information sharing.

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... influence the financial advice process, according to the Financial Planning Association of Australia. In its submission to ASIC for Consultation Paper 333 Implementing the Royal Commission recommendations: Reference checking and information sharing ...