The corporate regulator has pointed to a number of cases relating to the financial planning industry as examples of its “enforcement record” on breaches of the Corporations Act.
Responding to questions from the ABC’s Four Corners program about the Australia Federal Police’s referral of bribery allegations involving Securency International Pty Ltd and Note Printing Australia Limited , ASIC issued a document explaining why government and the general public should have “faith in ASIC’s commitment to enforcing breaches of the Corporations Act”.
In defending its record, ASIC highlighted its involvement in a number of regulatory matters in the financial services space, including the Trio Capital, Macquarie Equities, Storm Financial and Commonwealth Financial Planning affairs.
“Enforcement is fundamental to ASIC and our priorities of ensuring investors are confident and informed and that market integrity is maintained,” the document stated.
A listed financial services company has acquired an advice business authorised u...
The RBA has announced its latest decision on interest rates as September’s “...
An advice industry body has said its members are split on the FPA’s proposal t...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.
