... or asset spreads disinformation in order to encourage other people to chip in and inflate the price of their investment. ASIC says pump and dump operators are increasingly using AI to create images and videos that make it look like well-known finance ...
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... lines of business." Important note It's important to note that the Australian Securities and Investments Commission (ASIC) is taking legal action against Budget Direct over 'discount' ads, alleging 39,000 customers were over-charged. The ...
... discrepancy, updating them. However, if you don't already have a budget there's no time like the present to create one. ASIC Moneysmart's budget planner could be a handy place to get started, while anyone wanting help keeping track of their ...
... pursue hundreds of thousands of Australians for 'overpayments' of social security payments calculated using income averaging. ASIC exposes car loans with rates as high as 22% Some borrowers paid more than $9000 in fees Following an increase in complaints ...
... Federal Court ruling, Justice Bennett found the bank's breaches of the ePayments Code were "widespread and systemic", with ASIC saying the judgement sends a clear warning to banks about their responsibility to protect customers from scams. Of the ...
... professional financial advice surges. But experts warn some viral money advice may be misleading, promotional or even illegal, with ASIC cracking down on finfluencers accused of crossing the line into unlicensed financial advice. ASIC has also warned ...
... compensation for non-financial loss. However, Sarah Court, deputy chair of the Australian Securities and Investments Commission (ASIC), says the penalty sent a clear message to Westpac and other lenders to step up and do better when customers ask for ...
... clear warning. "I am absolutely not in any WhatsApp group share tipping," he says. "Scams are everywhere." The alert comes as ASIC warns these groups are increasingly being used to funnel users into fake crypto trading platforms that can wipe out savings. ...
... some be yours? There are billions of dollars in lost money sitting unclaimed in Australia, and some of it could be yours. ASIC says $2.7 billion is waiting to be reunited with its owners, from forgotten bank accounts to old shareholdings and insurance ...
... Selby says. The warning from Australian regulators Not surprisingly, the Australian Securities and Investments Commission (ASIC) also highlights concerns about the rapid adoption of AI within the financial services sector, noting the pace of adoption ...
