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CommSec and Ausiex hit with penalties
Commonwealth Securities (CommSec) and Australian Investment Exchange (Ausiex) have been ordered to pay collective penalties of $27.12 million for systemic compliance failures related to brokerage fees....
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ASIC sanctions more SMSF auditors
The Australian Securities and Investments Commission (ASIC) has continued its focus on the compliance standards of SMSF auditors with recent enforcement action taken against 11 registered...
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Unlicensed property scheme shut down
The Federal Court has ordered that an unlicensed financial adviser who encouraged investors to establish an SMSF to invest in property be restrained from carrying on a financial business and an...
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Eight SMSF auditors disciplined
The Australian Securities and Investments Commission (ASIC) has taken action against eight SMSF auditors, resulting in the disqualification of five auditors and an additional three auditors having...
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Record number of auditors referred to ASIC
The ATO has referred more than 40 SMSF auditors to the Australian Securities and Investments Commission (ASIC) in the past financial year, an increase of more than double the amount of auditors...
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More SMSF auditors sanctioned
The Australian Securities and Investments Commission (ASIC) has continued its focus on the compliance standards of SMSF auditors with recent enforcement action taken against 11 registered...
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ASIC freezes investment firm’s assets
The Australian Securities and Investments Commission (ASIC) has succeeded in obtaining an interim court order to freeze the assets and funds of financial services firm Brite Advisors Pty Ltd due to the...
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ASIC acts on suspected fraudulent websites
Two Melbourne men appeared in court this week to face a range of charges following an investigation by the Australian Securities and Investments Commission (ASIC) into an alleged sophisticated SMSF...
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Crypto mining scheme called out
The Australian Securities and Investments Commission (ASIC) has initiated legal action against three blockchain mining companies and their directors for allegedly encouraging investors to convert their...
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SMSF fees see Macquarie fined
The Federal Court has ordered Macquarie Bank to pay $10 million in fines for failing to prevent and detect unauthorised fee transactions conducted by an adviser on his SMSF clients’ cash management...
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Greenwashing actions revealed
ASIC has tackled close to 50 cases of greenwashing in the investment and super sector in the past 15 months, with the regulator’s response including taking court action and issuing heavy penalties.
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Former adviser jailed for dishonest conduct
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 takes action against SMSF auditors
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 issues share scam alert
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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Thousands of online scammers wiped out
The latest corporate regulator update revealed its enforcement actions shut down 10,000 websites and promotional activities in 2024.
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More SMSF auditors sanctioned
ASIC has cracked down on 17 SMSF auditors who failed to meet their compliance obligations, banning some and imposing various disciplinary measures on others.
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