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Regulatory

ASIC warns SMSF accountants to have backup plan

KERRIE SYDEE  |  WEDNESDAY, 8 JUN 2016
ASIC has warned SMSF accountants to prepare for a contingency if their limited Australian financial services (AFS) licences are not regulator approved by 30 June.

US mulls borrowing limit on leveraged ETFs

MARK SMITH  |  WEDNESDAY, 8 JUN 2016
US financial regulator, the Securities and Exchange Commission (SEC), is considering introducing measures to restrict how much mutual funds can invest in leveraged exchange traded funds (ETFs).

Former Equititrust CEO appeal refused

KERRIE SYDEE  |  TUESDAY, 7 JUN 2016
The Administrative Appeals Tribunal (AAT) has refused an application by former chief executive officer and founding director of Equititrust (in liquidation) to overturn a permanent ban.

ASIC ban upheld, investment banker jailed

KERRIE SYDEE  |  MONDAY, 6 JUN 2016
The Administrative Appeals Tribunal (AAT) has upheld ASIC's decision to ban a financial adviser from providing financial services for five years.

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
The Australian Institute of Superannuation Trustees has labeled Treasury's consultation paper on proposed financial institutions supervisory levies as insufficient and non-compliant with government guidelines.

Lack of resources impacting ASIC

KERRIE SYDEE  |  WEDNESDAY, 1 JUN 2016
The latest licensing activity report released by ASIC reveals that the number of Australian financial services (AFS) applications approved was lower than the two preceding periods, citing a lack of staff and resources as one of the main reasons for the ...

ASIC cancels AFSL of wholesale fund manager

KERRIE SYDEE  |  WEDNESDAY, 1 JUN 2016
ASIC has cancelled the Australian financial services (AFS) licence of a Sydney based wholesale service provider.

ASIC consulting over managed investment schemes

DARREN SNYDER  |  WEDNESDAY, 1 JUN 2016
The Australian Securities and Investments Commission is proposing to remake its class order on differential fees for registered managed investment schemes, extending it beyond a 2017 expiration.

ASIC permanently bans ex-HSBC, ANZ planners

KERRIE SYDEE  |  MONDAY, 30 MAY 2016
ASIC has permanently banned two financial advisers, one from HSBC and the other from ANZ.

Financial services given hand to protect seniors

DARREN SNYDER  |  FRIDAY, 27 MAY 2016
Advocacy group Protecting Seniors Wealth has launched a new education program designed to address an increasing trend in financial abuse of the ageing demographic.