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Showing 751 - 760 of 5218 results for "2015-16 ASIC"

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... allowing charges of up to $20,000 before raising concerns and some not conducting any checks of advice documents at all. ASIC is calling on trustees to do more to protect members from "unscrupulous operators" as a new report identifies serious deficiencies ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation which arose when the fund's private cloud was inadvertently deleted. In a brief statement to Financial Standard, APRA said it is "aware of the ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... of behaviour which is why tackling manipulation in energy and commodities derivatives markets has been an ASIC priority," ASIC deputy chair Sarah Court said. "Farmers use these contracts to manage wheat price fluctuations which can affect what Australians ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... can progress quickly. This is sometimes referred to as a 'layered advice' model by the business model operators," ASIC said. The cold-calling businesses typically target members in the accumulation phase aged between 25 and 50 years old with ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence ...

ASIC issues warning over scammers using fake AFSLs

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
ASIC has issued a fresh warning over the increase in the sophistication of fake bond and term deposit scams. ASIC said scammers are impersonating little-known legitimate financial services businesses, often those without a website or digital footprint. ...

Almost one third fail adviser exam

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam, ASIC said. "This is the first exam to reflect the amendments in the Corporations (Relevant Providers-Education and Training Standards) ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... company or person, Longo said ASIC does not have the resources to investigate every claim. Longo said in the space of a year, ASIC will receive upwards of 10,000 complaints, but only has the resourcing to investigate around 150 to 200. "Clearly there ...

Adviser fakes exam certificate, cops ASIC ban

KARREN VERGARA  |  FRIDAY, 26 APR 2024
ASIC has slapped a permanent ban on a financial adviser who doctored her exam certificate and continued to provide advice without the proper qualifications. Adele Baaini, while working as a representative for licensee AAN Wealth Management, has been ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
Almost 90% of surveyed auditors do not support the government's requirements to implement mandatory climate reporting and assurance on private companies, not-for-profits and companies limited by guarantee, according to a new survey. The survey was conducted ...