News : ASIC

ASIC, Compliance

ASIC Shield action continues

ASIC has banned a former MWL financial adviser from the industry for six years after she provided advice about the Shield Master Fund.

ASIC has banned a former MWL financial adviser from the industry for six years after she provided advice about the Shield Master Fund.

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ASIC

SMSF adviser, auditor faces dishonesty charges

A Brisbane practitioner has faced court over multiple charges relating to misuse of client funds and unlicensed trading.

A Brisbane practitioner has faced court over multiple charges relating to misuse of client funds and unlicensed trading.

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AFCA, ASIC, Investments, SMSF

AFCA, ASIC on same page on wholesale investor

AFCA holds the same view as ASIC on who is a wholesale investor and they differ only in the actions taken in regards to that definition.

AFCA holds the same view as ASIC on who is a wholesale investor and they differ only in the actions taken in regards to that definition.

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ASIC, Auditing

Auditor number drop was expected

The dramatic reduction in SMSF auditor numbers over the past 10 years is not as worrying for the sector as it appears at face value.

The dramatic reduction in SMSF auditor numbers over the past 10 years is not as worrying for the sector as it appears at face value.

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ASIC, Investments

Managed account review has SMSF weight

ASIC has commenced its review into the managed accounts sector, with the regulator noting it has direct relevance for SMSFs.

ASIC has commenced its review into the managed accounts sector, with the regulator noting it has direct relevance for SMSFs.

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ASIC, financial advice, Regulation

Conflicted advice should be review focus

Any review of lead generators should also consider conflicted advice models, which have been the source of recent failures.

Any review of lead generators should also consider conflicted advice models, which have been the source of recent failures.

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ASIC, financial advice, Superannuation

ASIC to examine lead-generated advice

ASIC has started a review into super-switching advice sourced from lead generators, publishing a list of firms involved in the practice.

ASIC has started a review into super-switching advice sourced from lead generators, publishing a list of firms involved in the practice.

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ASIC, Compliance, Property, Regulation

Four-year ban for Shield-linked advice

ASIC has moved against another adviser authorised by MWL Financial Services and banned them for advice related to the Shield Master Fund.

ASIC has moved against another adviser authorised by MWL Financial Services and banned them for advice related to the Shield Master Fund.

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Accounting, ASIC, financial advice, Financial Planning

Advisers major funders of ASIC actions

Advisers are the key funders of ASIC operations, yet no enforcement proceeds are used to bolster the sector against future problems.

Advisers are the key funders of ASIC operations, yet no enforcement proceeds are used to bolster the sector against future problems.

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ASIC, Investments, Regulation, Superannuation

More Shield, First Guardian support

ASIC has announced it will be providing more assistance for Shield and First Guardian master fund victims to seek compensation.

ASIC has announced it will be providing more assistance for Shield and First Guardian master fund victims to seek compensation.

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