News : ASIC

ASIC, Auditing

ASIC directs ire at 28 more auditors

ASIC moved against 28 approved SMSF auditors between January and June this year, bringing the total of these actions to 48 for 2024/25.

ASIC moved against 28 approved SMSF auditors between January and June this year, bringing the total of these actions to 48 for 2024/25.

read more
ASIC, financial advice, fraud, Investments

Scheme investors mull class action

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Slater and Gordon, class action, First Guardian Master Fund, Shield Master Fund, Andy Wei, superannuation, ASIC, financial advice, lead generators

A legal firm is looking into a class action for superannuation investors in the First Guardian Master Fund and Shield Master Fund.

read more
ASIC, Compliance, fraud, Investments, Legislation

Mayfair investors slam ASIC

A group of individuals invested in the financial products of the Mayfair 101 Group has strongly criticised ASIC’s actions against the fund manager.

read more
ASIC, financial advice, Financial Planning, Investments, Regulation, SMSF, Superannuation

More Shield-linked advisers banned

Two more advisers linked to the Shield Master Fund have been issued with bans from ASIC.

read more
ASIC, Compliance, Regulation

Mayfair 101 director ruling reached

The Federal Court has ruled against Mayfair 101 Group director James Mawhinney in several allegations made by ASIC with regard to the organisation’s conduct.

read more
ASIC, Compliance, financial advice, Financial Planning

Advisers with Shield links banned

ASIC, banned, Matthew Simon Bradley, Isaac Jacob McQueen, Shield Master Trust, MWL Financial Services Pty Ltd, Keystone Group, Financial Services Group Australia, Graham Holmes

ASIC has banned two more practitioners who provided advice encouraging superannuants to invest in the Shield Master Trust.

read more
ASIC, financial advice, SMSFA, Superannuation

SMSFA backs ASIC super warning

The SMSF Association has supported ASIC’s warning for people to be on high alert for cold callers encouraging them to switch their super.

read more
ASIC, financial advice, Financial Planning

ASIC levy to fall by over $500

The ASIC adviser levy is estimated to decrease by more than $500 as the regulator reduces the costs it will recover from the sector.

read more
ASIC, financial advice

First Guardian sanctions continue

ASIC, Australian Securities and Investments Commission, David Anderson, Simon Selimaj, Falcon Capital Limited, First Guardian Master Trust, Federal Court, travel ban, asset frozen

The directors of Falcon Capital, David Anderson and Simon Selimaj, have been issued travel restraint orders effective until 27 February 2026.

read more
ASIC, fraud, Investments

ASIC cautions licensees on share fraud

ASIC, guidance, Australian financial services licensees, Information Sheet 237, INFO 237, share sale fraud, Simone Constant, due diligence

The corporate regulator is asking licensees to be vigilant, given share sale fraud has jumped sevenfold in recent years.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.