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Showing 1 - 10 of 1069 results for "Representatives"

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
... has told Kalkine it must appoint an independent compliance consultant to address concerns its customer service representatives have been giving unlicensed advice. Kalkine is an equity research house which produces stock analysis and buy, hold and sell ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
... uncomplying financial firms; require the use of approved communication channels; cease interactions with paid representatives who are not AFCA members; and the removal of AFCA's legacy Rules section, where the legacy jurisdiction has already closed at ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... to the portfolio. With an extensive background in economic policy, he was most recently chair of the House of Representatives Economics Committee. Mulino has previously consulted to the World Bank and the US Federal Reserve and is a former economic adviser ...

Labor vs Liberal: Which government is better for Australian stocks?

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
Labor has secured 93 of the 150 seats up for grabs in the House of Representatives, with a few still in doubt - more than Kevin Rudd or Bob Hawke claimed in their maiden election victories - but does this historic win over the Coalition spell bad news ...

Licensees slash compliance spending: Survey

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... also asked licensees about how they manage conflicts of interest. Two thirds of smaller businesses with up to 50 representatives said they have no conflicts of interest whatsoever. One third of larger businesses have the same sentiment. Derham said this ...

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... statements for the fund. It then sought to have the fund's assets frozen. ASIC said it was aware of authorised representatives from Interprac Financial Planning, MWL Financial Services, Financial Services Group Australia, and Next Generation Advice having ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... details online to secure a superannuation 'comparison'," Singh said. "These calls are typically from unlicensed representatives who persuade consumers to switch to an SMSF and invest in a specific product. While AFCA can't consider the actions of unlicensed ...

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 ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
... plain English and supports the client to make an informed decision about the advice." "Licensees and authorised representatives will keep appropriate records on file to demonstrate their compliance with legislative requirements, but this information ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
... issues," Lonsdale said. APRA will consult banks, insurers, and superannuation trustees, industry bodies, and consumer representatives over a three-month consultation period. The regulator plans to release updated prudential standards for formal consultation ...
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