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.
After Labor has secured a somewhat surprising landslide win in the federal election, the FSC CEO said this will now be a ...
Platform executives are pushing for more advice revenue to be invested in advice tech capabilities, labelling the ...
The licensee said around 80 per cent of eligible Brighter Super members have confirmed they will transition their advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin