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Showing 1 - 10 of 138 results for "ASIC Act"

ASIC acts against another former FSGA adviser

JAMIE WILLIAMSON  |  MONDAY, 13 APR 2026
An adviser that ASIC said was experienced enough to know better than to advise clients to invest in Shield and First Guardian has been banned for five years. Shane Monte Silva failed to act in certain clients' best interests when he told them to switch ...

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... liable to mislead the public as to the nature and/or the characteristics of financial services" thus contravening the ASIC Act, Fiducian said in a statement. FIMS, as the responsible entity (RE) of the DSAF, also contravened section 601FC(1)(b) of the ...

ASIC acts against 28 SMSF auditors

MATTHEW WAI  |  FRIDAY, 30 JAN 2026
ASIC penalised 28 self-managed superannuation fund (SMSF) auditors in the first half of FY26, including the cancellation of 22 registrations. ASIC said its action relates to breaches of obligations and standards, including failures to comply with auditing ...

ASIC seeks relief extension for securitisation entities

KARREN VERGARA  |  WEDNESDAY, 21 JAN 2026
ASIC is seeking to extend a relief for securitisation entities from holding an AFSL for five more years. The regulator is seeking stakeholder feedback on its plans to remake a relief instrument by extending the exemption for securitisation entities ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
... provide financial services covered by the licence; and have adequate risk management systems. Various provisions of the ASIC Act also apply, including the misleading or deceptive conduct prohibitions and unconscionable conduct prohibition. ASIC said ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
Sequoia Financial Group's chair has told shareholders that "good governance remains central" to how it operates and confirmed it is in talks with Netwealth and Macquarie over their decision to bar InterPrac advisers. Addressing its annual general ...

ASIC acts against MWL, its director and lead generator

ANGELIQUE MINAS  |  THURSDAY, 13 NOV 2025
ASIC is taking legal action against MWL Financial Services, its former director Nicholas Maikousis, and lead generator Imperial Capital Group Australia over alleged Shield advice failures. ASIC alleges that MWL operated a business model that provided ...

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
The House of Representatives Standing Committee on Economics has released its final report on its reviews into ASIC. Committee chair Daniel Mulino MP said the report covered key issues relating to how the regulator deals with complaints and how it executes ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... services. "While the government is yet to consult on the potential for an unfair trading practices prohibition in the ASIC Act to cover financial products and services as well, the ACCC strongly supports a mirror reform being implemented in the ASIC ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... Longo said: "Our investigation concerns suspected market manipulation and contraventions of a number of provisions of the ASIC Act and the Corporations Act." Longo did however comment on an expanded investigation effort by ASIC in August this year, suspecting ...
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