ASIC has fined an equities and derivatives managed discretionary account (MDA) provider for making false or misleading statements on its website.
ASIC has cancelled the Australian financial services licence (AFSL) of Sydney-based firm Investment Advisers Alliance.
ASIC deputy chairman Peter Kell has made the case for stronger banning powers, tougher supervision and higher penalties for wrong-doers.
The government’s major bank levy is likely to have “unintended and disproportionate” consequences on Macquarie's local earnings given the group’s “unique” mix of banking and non-banking services.
The government’s proposal that APRA be given powers to monitor bank executive conduct should be extended to the superannuation and insurance sectors, argues the Australian Bankers’ Association.
BT appoints director of corporate affairs
NGS Super appoints chief operating officer
Managed Accounts hires head of distribution
The dangers of an active swing to passive
Making the most of shifting global trade
Unlocking the power of alternative assets