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ASIC

ASIC_regulator

ASIC: CBA pays $180,000 in penalties and will write off $2.5 million in loan balances

14/09/2016(0)
Commonwealth Bank of Australia (CBA) has paid four infringement notices totalling $180,000 in relation to breaches of responsible lending laws when providing personal overdraft facilities. CBA reported this matter ... Read More
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The most common scams and how to avoid them

12/09/2016(0)
Call it an occupational hazard, but I’ve become so nervous of scammers and fraudsters that I now delete even legitimate emails from my providers. In the past months alone ... Read More
ASIC_regulator

ASIC permanently bans former Sydney finance broker

12/09/2016(0)
ASIC has permanently banned former Sydney finance broker, Jennifer Farias of Elderslie, from engaging in credit activities and providing financial services. The bannings follow an ASIC investigation and criminal ... Read More
ASIC_regulator

ASIC cancels AFS licence of The Sharemarket College

08/09/2016(0)
ASIC has cancelled the Australian Financial Services (AFS) licence of Brisbane-based education and training business, The Sharemarket College Pty Ltd (AFS licence No 331635). ASIC has also banned the ... Read More
ASIC_regulator

Westpac refunds $20 million in credit card foreign transaction fees

08/09/2016(0)
Westpac Banking Corporation (Westpac) has recently refunded approximately $20 million to around 820,000 customers for not clearly disclosing the types of credit card transactions that attract foreign transaction fees. ... Read More
ASIC_regulator

Morgan Stanley pays $123,750 in infringement notice penalty

07/09/2016(0)
Morgan Stanley Australia Securities Limited (“Morgan Stanley”) has paid a penalty of $123,750 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP ... Read More
ASIC_regulator

CommSec pays $700,000 in infringement notice penalties and refunds $1.1 million in brokerage

02/09/2016(0)
Commonwealth Securities Limited (“CommSec”) has paid a total penalty of $700,000 to comply with two infringement notices given to it by the Markets Disciplinary Panel (“MDP”), and has voluntarily refunded ... Read More
ASIC_regulator

ASIC cancels IMS FX Services license

01/09/2016(0)
The Administrative Appeals Tribunal (AAT) has rejected an application from IMS FX Services Pty Ltd (IMS FX) that sought confidentiality orders and an interim order that prevented ASIC from ... Read More
ASIC_regulator

ASIC’s Corporate Plan 2016–17 to 2019–20 and Focus for 2016–17

31/08/2016(0)
ASIC today published its Corporate Plan for 2016–17. The Corporate Plan outlines ASIC’s vision: To allow markets to fund the economy, and in turn, economic growth. In doing so, ... Read More
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