News : ASIC

ASIC

ASIC raises alarm over share scams

Share scam Scam ASIC

ASIC has urged individuals to remain vigilant amid a rise in scams targeting shares held in the portfolio accounts of Australian investors.

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ASIC, SMSF

Property investment scheme wound up

United Global Capital ASIC SMSF Global Property Fund Limited

The Federal Court has ordered the winding-up of a property investment company linked to conflicted SMSF advice and has appointed liquidators.

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ASIC, Auditing, Compliance

ASIC sanctions 13 SMSF auditors

ASIC ATO SMSF Auditors Self-managed superannuation

ASIC has removed nine SMSF auditors from practice and imposed conditions on four more practitioners after referrals from the ATO.

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ASIC, Compliance, ESG, Investments

Vanguard to pay $12.9m greenwashing penalty

Greenwashing ESG Vanguard Mercer ASIC Federal court

Vanguard Investments Australia has been ordered to pay a multi-million-dollar penalty for false statements regarding the application of ESG screens to a bond index fund.

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ASIC, financial advice

FAAA urges MPs to support Dixon inquiry

FAAA Financial Advice Association Australia Dixon Advisory Compensation Scheme of Last Resort CSLR Sarah Abood Phil Anderson Public inquiry

The Financial Advice Association Australia has written to every member of parliament asking them to support its call for an inquiry into the collapse of Dixon Advisory.

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ASIC, financial advice

Ex-SMSF adviser jailed for dishonest conduct

SMSF adviser dishonest conduct Bradley Grimm ASIC Banning Ostrava Equities

Action to ban an adviser for dishonest conduct in 2016 has reached its conclusion with the former practitioner sentenced to 18 months’ imprisonment.

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ASIC

Adviser jailed for 12 years over $6m fraud

ASIC Ben Jayaweera Growth Plus Financial Group SMSF fraud

A former adviser found guilty of multiple fraud charges has received a 12-year jail term for his actions, which included accessing SMSF monies without permission.

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ASIC, financial advice

Ex-adviser guilty of $6m fraud

ASIC Ben Jayaweera Growth Plus Financial Group SMSF fraud

A former Brisbane-based financial adviser has been convicted of defrauding investors out of nearly $6 million after convincing them to withdraw money from their SMSFs.

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ASIC, Superannuation

Super sector in ASIC’s sights

ASIC superannuation Corporate plan SMSF Establishment advice

The superannuation sector’s handling of retirement outcomes will be an area of focus for ASIC, which has also committed to review SMSF establishment advice.

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ASIC, Education, financial advice

ASIC issues qualification checking reminder

ASIC AFS licensees Adviser qualifications Approved degrees determination

ASIC has told advice licensees they must check the qualifications of all advisers under their banner even when they have previously worked for another organisation.

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