News : ASIC

ASIC, Compliance, Investments, Legislation

Seventh Shield-linked adviser banned

A financial adviser from a licensee that has had six practitioners banned has met the same fate over advice to invest in the Shield Master Fund.

A financial adviser from a licensee that has had six practitioners banned has met the same fate over advice to invest in the Shield Master Fund.

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ASIC, Compliance, Legislation

Super fund executive found not guilty

The case brought against a senior super fund executive by ASIC has been dismissed, with it deemed the defendant had no case to answer.

The case brought against a senior super fund executive by ASIC has been dismissed, with it deemed the defendant had no case to answer.

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ASIC, Education, financial advice, Financial Planning

Education disclosure still lagging

Around one fifth of advisers have yet to disclose whether they have met education standards which will allow them to practice next year.

Around one fifth of advisers have yet to disclose whether they have met education standards that will allow them to practice next year.

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ASIC, Investments, Superannuation

Macquarie to reimburse Shield investors

Macquarie Investment Management will return all funds invested into the Shield Master Fund via its superannuation platform as part of new court action.

Macquarie Investment Management will return all funds invested into the Shield Master Fund via its superannuation platform as part of new court action.

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Accounting, ASIC, financial advice, Financial Planning

Accountant banned for unlicensed advice

ASIC has banned an accountant after it found he provided unlicensed advice about setting up SMSFs and rolling funds into them.

ASIC has banned an accountant after it found he provided unlicensed advice about setting up SMSFs and rolling funds into them.

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ASIC, Investments

Court orders more action against MIS operator

The Federal Court has ordered action to be taken against more related entities of a scheme operator that attracted money from SMSF investors.

The Federal Court has ordered action to be taken against more related entities of a scheme operator that attracted money from SMSF investors.

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ASIC

Mawhinney to appeal court decision

Mayfair 101 Group managing director James Mawhinney has vowed to fight the Federal Court's most recent restriction against him.

Mayfair 101 Group managing director James Mawhinney has vowed to fight the Federal Court’s most recent restriction against him.

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ASIC, financial advice, Financial Planning, Property

SMSF property advice leads to ban

An adviser who recommended the use of SMSFs for property investments has been banned for not acting in his clients’ best interests.

An adviser who recommended the use of SMSFs for property investments has been banned for not acting in his clients’ best interests.

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ASIC, Compliance, financial advice, Financial Planning

Further Shield adviser action sought

ASIC is looking to pursue further action against an adviser involved in the failed First Guardian and Shield master funds.

ASIC is looking to pursue further action against an adviser involved in the failed First Guardian and Shield master funds.

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ASIC, Compliance, financial advice, Financial Planning

ASIC cancels licence over Shield advice

ASIC has cancelled an advice firm’s licence and banned two senior staff for recommending clients move super into the Shield Master Fund.

ASIC has cancelled an advice firm’s licence and banned two senior staff for recommending clients move super into the Shield Master Fund.

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