Financial Services
National Anti-Scam Centre urges action as scam losses climb to $175m during Scams Awareness Week
Australians reported more than 108,000 scams and roughly $175 million in losses to the National Anti‑scam Centre’s Scamwatch service in...
Administrative Review Tribunal backs ASIC’s 10-year ban on United Global Capital director Joel Hewish
The Administrative Review Tribunal has upheld ASIC’s 10‑year ban on United Global Capital director Joel James Hewish. The ban prevents...
Court orders Rent4Keeps and Darranda to pay $7.4m penalty for overcharging vulnerable consumers on essential household goods
The Federal Court has fined Rent4Keeps $4 million. It has fined its largest franchisee, Darranda Pty Ltd, $3.4 million. The...
Insider trading charges laid in Platinum Asset Management case
A former investment manager from Greater Sydney has pleaded guilty to insider trading. Rodney Forrest admitted two counts in Sydney’s...
NAB and AFSH fined $15.5m for failing customers in financial hardship
The Federal Court has ordered National Australia Bank and its subsidiary AFSH Nominees to pay $15.5 million. The penalty relates...
ASIC hands four-year ban to former Next Generation Advice adviser Andrew Rankin
Australia’s corporate watchdog has banned Gold Coast financial adviser Andrew Rankin for four years. ASIC said Mr Rankin failed to...
ASIC calls on life insurers to lead reforms in direct sales practices
The Australian Securities and Investments Commission (ASIC) is urging life insurance companies to enhance their product offerings and sales practices....
ASIC calls on life insurers to lead the way in enhancing direct sales practices
The Australian Securities and Investments Commission (ASIC) is urging life insurance companies to enhance their practices in product design, sales,...
New data highlights ASIC’s increased emphasis on consumer and retail investor protection
The Australian Securities and Investments Commission (ASIC) has issued a warning to Australians regarding informed investment decisions. This comes after...
ASIC Issues Permanent Ban on Former SMSF Accountant Jason Richard Poser
ASIC has taken decisive action against South Australian accountant Jason Richard Poser. He has been permanently banned after being convicted...
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