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Regulatory

Swan approves AMP/AXA merger

ELISE BURGESS  |  WEDNESDAY, 2 MAR 2011
Deputy prime minister and Treasurer, Wayne Swan, has approved of the proposed takeover of AXA Asia Pacific Holdings by AMP.

ASIC brings charges against Opes Prime chief

ELISE BURGESS  |  TUESDAY, 1 MAR 2011
Former Opes Prime Stockbroking chief executive and director, Lirim (Laurie) Emini, has pleaded not guilty to 26 charges brought on by the Australian Securities and Investments Commission (ASIC).

ASIC rules to fix disputes faster

ELISE BURGESS  |  WEDNESDAY, 16 FEB 2011
The Australian Securities and Investments Commission (ASIC) has released a new regulatory guidance that will help financial planners and insurers settle simple disputes with their clients.

ASIC catches Camelot Derivatives

ASIC RELEASE  |  TUESDAY, 8 FEB 2011
Melbourne-based derivatives dealer, Camelot Derivatives (Camelot) and its sole director, Neil Walter King, consent to interim injunctions brought by Australian Securities and Investments Commissions (ASIC).

ASIC outlines philosophy behind policy framework

ALEX DUNNIN  |  TUESDAY, 1 FEB 2011
Financial planners who continue to think holistic advice is the default advice model are holding themselves back from seizing emerging opportunities, an ASIC report said.

APRA releases 2010 fund level returns

ALEX DUNNIN  |  TUESDAY, 1 FEB 2011
APRA has released its 2010 fund level data league tables, showing that measured by the controversial 'whole of fund' metric that Australia's top funds are the corporate funds Goldman Sachs, CommBank Officers and Worsely Alumina.

Ponzi scheme operator jailed

ELISE BURGESS  |  FRIDAY, 28 JAN 2011
The sole director of failed Melbourne-based loan and mortgage broking business, Victorian Finance Broking Services (VFBS), has been sentenced to four years and nine months imprisonment following an ASIC investigation.

Former adviser faces fraud charges

ASIC RELEASE  |  THURSDAY, 27 JAN 2011
A former financial adviser is facing charges, including fraudulently obtaining client funds, after an investigation by the Australian Securities and Investments Commission (ASIC).

Proposed tax rules to help instalment warrants investors

MEDIA RELEASE  |  TUESDAY, 18 JAN 2011
The minister for financial services, Bill Shorten, has expanded the range of assets covered by the income tax look-through treatment for instalment warrants.

Platypus wins court case

MEDIA RELEASE  |  FRIDAY, 17 DEC 2010
A Victorian Supreme Court Justice ruled in favour of Platypus Asset Management yesterday, in its dispute with a former employee.