Queensland-based AFSL suspended
ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
ASIC has suspended the AFS licence of a Queensland-based financial advice practice over concerns it was not meeting its obligations as a licensee.
AFCA ombudsman addresses adviser concerns
KRISTI CHENG  |  TUESDAY, 10 SEP 2019
AFCA ombudsman Shail Singh has addressed common adviser concerns regarding the authority's introduction of legacy complaints.
Adviser cops 262 month jail sentence
JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
A financial adviser in the US will spend the next 22 years in prison after he defrauded his own family out of millions.
BT faces fees for no service class action
ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
Westpac confirmed it has received a class action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option.
APRA updates enforcement approach
KRISTI CHENG  |  WEDNESDAY, 4 SEP 2019
APRA says its new enforcement approach goes beyond taking stronger action earlier, clarifying when and how it will publicise the actions it takes.
Advice firm defrauds retired NFL players
JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
The US regulator has charged a financial advice firm that defrauded former professional NFL players who had joined a class action against the league seeking compensation for brain injuries suffered during their careers.
Treasurer moves on broker remuneration
ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
Treasurer Josh Frydenberg announced the government will introduce a best interests duty for mortgage brokers and seek to reform broker remuneration.
ASIC approves name and shame rules
KARREN VERGARA  |  TUESDAY, 27 AUG 2019
The corporate regulator has given the Australian Financial Complaints Authority the green light to name financial services companies and superannuation funds in its determinations.
ASIC bans SMSF business director
HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
ASIC banned the director of a firm allowing people to illegally access their superannuation early to buy a home.
ASIC to review end of grandfathering
ELIZABETH MCARTHUR  |  WEDNESDAY, 21 AUG 2019
ASIC will review the progress of transition away from grandfathered conflicted remuneration arrangements for financial advisers.
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