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Regulatory

ASIC mulls replacing adviser Training Register

ALICE URIBE  |  MONDAY, 19 AUG 2013
The Australian Securities and Investments Commission is considering replacing the ASIC Training Register for financial product advisers.

Queensland adviser permanently banned

MARK SMITH  |  FRIDAY, 16 AUG 2013
A former Queensland financial adviser has been permanently banned by the Australian Securities and Investments Commission (ASIC) after an investigation found he provided inappropriate and unreasonable advice.

ASIC brandishes whip on dark liquidity and HFT

JAMES FERNYHOUGH  |  TUESDAY, 13 AUG 2013
Dark liquidity and high frequency trading (HFT) will be subject to new regulation after the Australian Securities and Investments Commission (ASIC) announced its new market integrity rules.

LM liquidators get boot over conflict of interest

JAMES FERNYHOUGH  |  MONDAY, 12 AUG 2013
The Queensland Supreme Court has appointed a new receiver to oversee the winding up of LM Investment Management Limited's (LM) failed First Mortgage Income Fund (FMIF) after it found that its current liquidators had a conflict of interest.

Former Royal Bank of Canada employee jailed for insider trading

ALICE URIBE  |  FRIDAY, 9 AUG 2013
A former banking associate at the Royal Bank of Canada (RBC) was sentenced today to 23 months in jail after pleading guilty to four charges of communicating inside information.

ASIC takes action against diamond trading scheme

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
The Australian Securities and Investments Commission (ASIC) has started legal action against what could be an elaborate diamond trading scheme designed to avoid the operation of the consumer credit laws.

Abbott to announce levy details next week

AAP  |  WEDNESDAY, 7 AUG 2013
Opposition leader Tony Abbott admits proposed business tax cuts for some companies will be offset by the coalition's paid parental leave levy.

ASIC bans broker for deceptive conduct

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
The Australian Securities and Investments Commission (ASIC) has permanently banned a Perth-based insurance broker after it found he had engaged in misleading and deceptive conduct.

New dark pool transparency rules introduced

MARK SMITH  |  TUESDAY, 6 AUG 2013
New rules affecting dark pools and high frequency trading (HFT) have been introduced in a bid to improve transparency.

New MIT tax rules tweaked following consultation

MARK SMITH  |  TUESDAY, 6 AUG 2013
The Government has made two further changes to the proposed new tax system for managed investment trusts (MITs) following industry consultation.