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Regulatory

Regulators cautioned on world exchanges

ELISE BURGESS  |  TUESDAY, 10 MAY 2011
Tony D'Aloisio, chairman, Australian Securities and Investments Commission, has warned regulators of the dangers of misunderstanding stock exchange mergers speaking at an international conference for the last time as chairman.

ASX fines broker for bad behaviour

ALISON BEVEGE  |  TUESDAY, 10 MAY 2011
The Australian Stock Exchange has imposed a $75,000 fine on broking house IMC Pacific for behaviour that left disorderly markets in two securities, including QBE shares trading at less than half of one cent, it said yesterday.

Swan names new ASIC, ACCC heads

ELISE BURGESS  |  WEDNESDAY, 4 MAY 2011
ASIC commissioner Greg Medcraft and economist Rod Sims have been recommended as new regulatory heads by Treasurer Wayne Swan.

ASIC silent on possible research probe

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
ASIC has refused to confirm or deny whether research houses who gave five-star ratings or positive reports on fraud funds Trio Capital and Astarra are being investigated.

ASIC new guidance for AFSL

ELISE BURGESS  |  MONDAY, 4 APR 2011
Holders of an Australian Financial Services Licence (AFSL) now face updated guidance including guides on margin lending facilities, simple managed investment schemes and certain superannuation products.

Record NSW election loss could slow federal reforms

ALEX DUNNIN  |  MONDAY, 28 MAR 2011
A record breaking 16.5 per cent swing last weekend against the NSW Labor Party has the potential to derail many of the Gillard federal government's reforms, pushing a nervous federal government to pull more of its punches on major changes to the financial ...

Chartwell dir Hoy jailed 13 yrs

ELISE BURGESS  |  THURSDAY, 24 MAR 2011
Failed Ponzi-scheme Chartwell Enterprises director, Graeme Hoy, sentenced to 13 years and nine months imprisonment after pleading guilty to 44 deception charges totalling almost $22 million.

ASIC clampdown on poor business models in advice

ELISE BURGESS  |  MONDAY, 14 MAR 2011
The Australian Securities and Investments Commission (ASIC) will introduce tough measures - including suspension or cancellation of licences - against financial advice groups that have turned complacent on their compliance and dispute resolution policies.

ASIC slaps seven-year ban on planner

ELISE BURGESS  |  FRIDAY, 11 MAR 2011
The Australian Securities and Investments Commission (ASIC) has banned former Commonwealth Financial Planning (CFP) adviser, Don Nguyen, from providing financial services for seven years.

Rethink before you rebuild

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2011
As the world rebuilds its regulatory structures around the financial system, it needs to recognise that the system is an integrated network of ecosystems, not a set of independent machines.