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Regulatory

CommSec pays $200,000 penalty

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
CommSec has paid a $200,000 infringement notice penalty after failing to apply a holder record lock to the accounts of a deceased client and entering into unauthorised market transactions following the client's death.

Former adviser receives jail sentence

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
A former financial adviser was sentenced to seven years imprisonment following charges brought by ASIC.

PC to deliver Super 2.0: FSC

ALEX BURKE  |  MONDAY, 14 NOV 2016
FSC chief executive Sally Loane said the Productivity Commission review into the super system should deliver the "next generation of superannuation."

Company director jailed after mishandling funds

KERRIE SYDEE  |  MONDAY, 14 NOV 2016
A former Gold Coast company director has been jailed for four years after he pleaded guilty to mishandling millions of dollars of company funds.

ASIC employee faces court

KERRIE SYDEE  |  FRIDAY, 11 NOV 2016
An ASIC employee has faced Sydney's Downing Centre Local Court faced with two charges following an investigation by the Australian Federal Police

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
The financial advice industry will pay more than $20 million in levies to ASIC under the proposed industry model to fund the regulator.

ASIC bans deceptive adviser

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
ASIC has permanently banned a Queensland financial adviser from providing financial services after he failed to comply with financial services laws.

ASIC bans Brisbane life adviser

KERRIE SYDEE  |  FRIDAY, 4 NOV 2016
ASIC has banned a Brisbane based life insurance financial adviser from providing financial services for five years after an investigation found he had failed to comply with several financial services laws.

ASIC secures $210m in compensation

ALEX BURKE  |  THURSDAY, 3 NOV 2016
ASIC secured $210.5 million in compensation over FY16, according to its annual report.

APRA marks New Year priorities

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2016
Despite the current Australian financial system appearing healthy there remains areas of vulnerability, according to the latest annual report from APRA.