New AFCA remit not enough: Law firm
KANIKA SOOD  |  MONDAY, 17 JUN 2019
A law firm has approached the Treasury with concerns the reforms made to the Australian Financial Complaints Authority after the Royal Commission are flawed and need urgent amendment.
ANZ cleared of $50m fee bungle
KANIKA SOOD  |  FRIDAY, 14 JUN 2019
ASIC has cleared ANZ of the $50 million fee-for-no-service misconduct connected to its Prime Access offering.
Commonwealth FP completes EU compliance
ELIZABETH MCARTHUR  |  WEDNESDAY, 12 JUN 2019
Commonwealth Financial Planning has complied with ASIC's court enforceable undertaking regarding fees for no service conduct and said it will transition to a new business model.
Law Council chides ASIC
HARRISON WORLEY  |  TUESDAY, 11 JUN 2019
The Law Council of Australia has scolded ASIC, after deputy chair Daniel Crennan warned the financial services industry not to waste the regulator's time.
Frat house ponzi scheme charged
KANIKA SOOD  |  FRIDAY, 7 JUN 2019
A ponzi scheme run by a 22-year old out of a college fraternity house in the United States has copped the regulator's ire.
Passing Protecting Your Super costs should be fair: APRA
KARREN VERGARA  |  FRIDAY, 7 JUN 2019
APRA expects superannuation funds to do the right thing by members when recovering the costs associated with implementing the Protecting Your Super reforms.
SEC adopts retail investor protection package
KARREN VERGARA  |  THURSDAY, 6 JUN 2019
The US Securities and Exchange Commission has adopted a package of rules to protect retail investors from financial advisers who put their self-interests first.
Macquarie Securities cops ASIC penalty
KANIKA SOOD  |  MONDAY, 3 JUN 2019
Macquarie's securities business has paid a $300,000 penalty for contravening market integrity rules, the corporate regulator said this morning.
Retail clients win under new ASIC powers: Lawyers
KARREN VERGARA  |  TUESDAY, 28 MAY 2019
ASIC's new intervention powers - which ultimately aim to protect retail clients - will impose significant regulatory and compliance obligations on product issuers and manufacturers, lawyers warn.
Major instos hit with cartel class action
ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
Maurice Blackburn today filed a class action in the Federal Court suing UBS, Barclays, Citibank, Royal Bank of Scotland and JP Morgan.
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