asic

In what a US court judgement called "one of the biggest blunders in banking history", Citigroup mistakenly repaid $US900 million in loan principal to a consortium of lenders years before it was due. When Citi asked for it back the lenders and court ... More

The Federal Court has found Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on more than 12,000 occasions. Justice Michael Lee found that CBA breached financial services law 12,119 times when charging ... More

Bond investment scams are on the rise, warns the Australian Securities and Investment Commission (ASIC). Scammers call up unsuspecting investors offering high-yield bonds. ASIC has been aware of two outfits running the scams here in Australia and two ... More

The Australian Securities and Investment Commission (ASIC) has slammed school banking programs for being marketing campaigns with no educational benefit. And they could be costing your kids hundreds in earned interest. In its review of school banking ... More

Consumers engaging directly with their super fund on insurance matters are often left confused and overwhelmed by the information provided and upset they cannot get guidance specific to their circumstances, an ASIC report shows. A third of unadvised ... More

A lot has been said in recent months about the spike in retail (smaller) investors who are trading shares on the ASX and other exchanges overseas. The COVID-19 pandemic and its impact on sharemarkets has no doubt presented smaller investors with daily ... More

When Mary* was diagnosed with multiple sclerosis (MS) she found herself facing a lot of uncertainties. Not least of all, Mary wondered how she would make ends meet long-term. At the time, she was working for the Commonwealth Bank and commuting into ... More

Insider trading could be the devil lying in wait during this coronavirus pandemic. The U.S. Securities and Exchange Commission (SEC) and the European Security and Markets Authority both issued warnings earlier this year of trading that leverages coronavirus ... More

The regulator ASIC is warning retail (smaller) investors to be cautious when investing in fixed-term products that directly compare themselves to bank term deposits. It is seeing a surge in marketing and advertisements for fixed-term investment products ... More

Embattled celebrity financial adviser Sam Henderson is back in the spotlight for the wrong reasons after being charged with dishonest conduct and providing disclosure documents known to be defective. The charges come off the back of an investigation ... More