ASIC pushes for greater CFD disclosure

From

ASIC has released new disclosure benchmarks for contracts for difference (CFDs) that aim to improve disclosure and investor awareness about risks of these products. The guidance also covers margin foreign exchange

continue reading

Trio former chairman and director exluded for nine years

From

ASIC today announced it has entered into an enforceable undertaking (EU) with former chairman and director of Trio Capital Limited (Trio) Mr David Andrews. Mr Andrews was a non executive

continue reading

Current market volatility and margin lending products

From

In the context of the current market volatility, ASIC is reminding advisers and margin lenders of their obligations under the recent margin lending reforms, specifically in relation to advisers’ obligations

continue reading

ASIC welcomes standard risk measure for super funds

From

ASIC today welcomed the launch of the Standard Risk Measure for superannuation by the Association of Superannuation Funds (ASFA) and the Financial Services Council (FSC). The Standard Risk Measure disclosures

continue reading

ASIC releases proposal to improve unlisted property scheme disclosure

From

ASIC has released a consultation paper outlining proposals to improve disclosure for retail investors considering investing in unlisted property schemes. The proposals follow an ASIC review of disclosure documents issued by

continue reading

ASIC: corporate insolvencies on the rise

From

Official figures released by ASIC today reveal corporate insolvencies have risen 4.4% in the 2010-11 financial year to date. ASIC’s Senior Executive Leader of the Insolvency Practitioners team, Adrian Brown,

continue reading

ASIC obtains orders to wind up York Capital Limited

From

ASIC has obtained orders in the Federal Court of Australia to wind up York Capital Limited (York) following the company’s failure to lodge its financial reports and hold annual general

continue reading

ASIC: Company director in court on market manipulation charges

From

Mr Hoong Kee Tang, a former director of Wintech Group Limited, which is in administration, has been arrested and charged with market manipulation and making false or misleading statements in

continue reading

ASIC: orders to wind up Global Rule

From

ASIC obtains orders to wind up Global Rule ASIC has obtained orders, by consent, in the Supreme Court of Queensland appointing Mr Michael McCann, of Grant Thornton, as liquidator of

continue reading

ASIC imposes conditions on iPlan licence

From

ASIC has imposed additional conditions on the Australian financial services (AFS) licence of Queensland-based, iPlan Financial Services Pty Ltd (iPlan), after a surveillance of its advice business. ASIC’s action follows

continue reading