... regulator is cracking down on the misleading practice. Since late 2022, the Australian Securities and Investments Commission (ASIC) has targeted several financial services firms for misrepresenting their green investment strategies. ASIC has increased ...
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HESTA has come under fire, with ASIC issuing three infringement notices against the fund for purportedly publishing false or misleading performance figures about one of its investment options. The industry fund subsequently incurred a $48,600 fine for ...
Optus doles out data - not refunds, one in three biggest companies paid zero tax, and ASIC names and shames dodgy investments. Here are 5 things you may have missed this week. Optus refuses refunds over outage Wednesday's marathon Optus outage impacted ...
... kind of insurance through their super, a report published in March by the Australian Securities and Investments Commission (ASIC) revealed. That leaves roughly seven million people without. Some of that cohort will be those aged under 25 or with a balance ...
... with a financial adviser, the most important step is to check that they are licensed. One way to find out is by heading to ASIC MoneySmart's choosing a financial adviser tool. Scroll down and you can search by postcode to find a licensed adviser ...
... bank, NAB, has been fined $2.1 million for wrongfully charging customers periodic payment fees. Rounding up the trifecta, ASIC has launched civil penalty proceedings against Westpac for failing to respond to customers' hardship notices within the ...
... stakeholders, replacement costs and risks. Late last year ASX paused the CHESS replacement program and in March this year ASIC opened an investigation into the ASX's oversight of the CHESS. ASX's share price clearly reflects the uncertainty and ...
In a first-of-its-kind case, ASIC is taking Australian Super to court over its failure to properly monitor and consolidate multiple accounts on behalf of members for close to a decade. In May, Australian Super announced it would be refunding close to ...
... Federal Court to surrender his passport while his assets and those of his business, Your Financial Freedom, were frozen. ASIC is investigating fees charged to the super funds of Valvo's former clients between January 2015 and September 2021. It's ...
... it, the class action alleged that AMP engaged in misconduct by charging fees for no services, withheld the breaches from ASIC, and then mislead ASIC about the nature and extent of the breaches. Subsequently, AMP's share price declined substantially. ...
