ASIC terminates managed accounts provider AFSL
KARREN VERGARA  |  FRIDAY, 1 FEB 2019
The financial licence of a managed accounts provider has been cancelled and one of its directors banned by the corporate regulator.
Ponzi scheme fined $1.4bn
KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
A Ponzi scheme that allegedly duped 8400 retail investors in the US has been ordered to pay US$1 billion in penalties and disgorgement.
New rules for UK retirement income products
JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
The UK's pension fund industry is set to be hit with strict new investing rules, with proposed regulation designed to increase consumer engagement.
ASIC bans former NAB, CBA advisers
JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
The corporate regulator permanently banned a former NAB financial adviser, while a former Commonwealth Bank and Synchron adviser was handed a five-year ban.
ASIC cracks down on non-compliant AFSL
JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
ASIC has slapped additional conditions on the AFSL of an advice practice operating on the New South Wales Central Coast.
ATO and TPB terminate tax agents
DARREN SNYDER  |  FRIDAY, 18 JAN 2019
Two registered tax agents were terminated this week after a joint TPB and ATO investigation found the agents did not pass on 2017-18 tax refunds to clients.
CCIV consultation opens
KARREN VERGARA  |  THURSDAY, 17 JAN 2019
The next phase of implementing the Corporate Collective Investment Vehicle regime is open for consolation.
AFSL to begin independent review
DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
ASIC ordered that an Australian Financial Services Licensee appoint an independent expert to review the implementation of its compliance framework.
ASIC suspends online broker AFSL
KARREN VERGARA  |  TUESDAY, 15 JAN 2019
ASIC has suspended the licence of an online trading platform.
AAT upholds AFSL rejection
OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
ASIC's decision to reject Michael David Watson's Australian Financial Services Licence was recently upheld by the Administrative Appeals Tribunal.
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