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Showing 1 - 10 of 100+ results for "ASIC"

State Street plans local ETF portal launch

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... jurisdictional approval to bring Fund Connect to Australia, citing the speed of growth seen in the local ETF market. Documents show ASIC granted State Street Global Markets a market licence in late February and State Street said a roll out strategy for ...

ASIC bans financial adviser for five years

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
Sydney financial adviser Walter Yaolong Guan has been banned for five years after operating without a licence. ASIC found that between March 2017 and August 2021, Guan, through his company Perennial Growth, carried on a financial services business when ...

Record number of adviser graduates: Kaplan

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... postgraduate financial planning qualifications, the company said. According to recent Rainmaker Information analysis, the number of ASIC-registered financial advisers decreased by 15% in the 12 months to the end of March 2022;3075 advisers exited the ...

Former adviser sentenced over dishonesty

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
... adviser will serve a three-year correctional order, including home detention, for providing fabricated evidence as part of an ASIC investigation. Ezzat-Daniel Nesseim was sentenced to a three-year intensive correctional order after he was found to have ...

Charges laid in lengthy ASIC investigation

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
... charged with 17 counts of using a false document, in incidents alleged to have occurred between July 2013 and April 2014. ASIC alleges he used 17 false transfer forms to arrange for shares in GPS Alliance Holdings Limited, BHP Billiton Limited, and Aquarius ...

We knew people would leave the advice industry: Hume

ANDREW MCKEAN  |  FRIDAY, 13 MAY 2022
... though there is as she described an obvious difference between finfluencers and financial advice. Hume said she is glad that ASIC had cracked down on finfluencer advice particularly in instances where commissions were accepted, or products and services ...

ASIC outlines cybersecurity expectations

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... Advice failed its obligations as an AFSL holder by failing to have adequate systems in place to manage cybersecurity risks. ASIC says the determination should serve as a wake-up call to all licensees as to their obligations, saying that should be aware ...

Senator Bragg defends domestic crypto ETFs

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
In a letter to ASIC, Liberal senator Andrew Bragg has welcomed foreign crypto ETF competition but not before domestic products have become widely available. Bragg asked the regulator to confirm it will not provide an uneven playing field for foreign ...

Federal Court rules against RI Advice in cybersecurity case

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... systems in place to manage cybersecurity risks, leading to several incidents that put client information at risk. In what ASIC says is an Australian first, RI Advice was found to have breached its obligations to act efficiently and fairly when it failed ...

Breach reporting regime a distraction: Report

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... achieving its purpose, 31% believe the new obligations are ineffective in meeting stated objectives. Further, 51% do not believe ASIC can administer the regime fairly and effectively across all providers. Just 15% believe it can. Gadens partner Liam ...
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