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Regulatory

Gunns chair pleads guilty to insider trading

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
John Gay, the former chairman of forestry company Gunns Limited, has pleaded guilty to insider trading.

ASIC cancels Perth stockbroker's licence

JAMES FERNYHOUGH  |  THURSDAY, 1 AUG 2013
Perth securities dealer Stellar Securities Pty Ltd has lost its Australian financial services licence (AFSL) over compliance issues.

ASIC revokes Australian Public Trustees' AFSL

JAMES FERNYHOUGH  |  TUESDAY, 30 JUL 2013
The Australian Securities and Investments Commission (ASIC) has cancelled the licence of Australian Public Trustees Limited (APT) after it failed to comply with the conditions of its Australian financial services licence (AFSL).

Yellow Brick Road amends staff authorisations after ASIC concerns

MARK SMITH  |  FRIDAY, 26 JUL 2013
Yellow Brick Road (YBR) has changed the way it authorises companies and individuals to offer loan advice following concerns from the regulator.

Scam artists impersonate ASIC and MoneySmart

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
Consumers are being warned to be wary of scam artists impersonating representatives of the Australian Securities and Investments Commission (ASIC) and MoneySmart.

Fake press release activist faces 10 years in jail

MARK SMITH  |  WEDNESDAY, 24 JUL 2013
An environmental activist who issued a fake ANZ Bank press release and caused a crash in Whitehaven Coal's share price faces 10 years in prison.

New deal opens Europe to Aussie AIFs

JAMES FERNYHOUGH  |  MONDAY, 22 JUL 2013
The Australian Securities and Investments Commission (ASIC) has entered a cooperation arrangement with its European Union (EU) counterparts to supervise fund managers operating across borders.

UBS fined $30,000 for decimal point mistake

MARK SMITH  |  FRIDAY, 19 JUL 2013
UBS Securities Australia has paid a fine of $30,000 after a misplaced decimal point caused the price of a BetaShares ETF to fall by 99%.

ASIC seeks to wind up of LM mortgage income fund

MARK SMITH  |  FRIDAY, 19 JUL 2013
ASIC has finalised its court submissions to decide the future of the multi-million LM First Mortgage Income Fund (FMIF), following the collapse of the fund manager in March.

BFO to "name and shame" misbehaving bankers

LAURA MILLAN  |  FRIDAY, 19 JUL 2013
The board of the Banking and Finance Oath (BFO) has formed an independent review panel to address cases of unethical behaviour within the banking and finance industry.