The nation's $200 billion private credit market could pose a systemic risk to many investors if a downturn were to occur, according to a new report from ASIC.
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La Trobe Financial has been told by ASIC to stop offering three of its products, including an $11 billion fund
ANZ has copped a whopping $240 million fine for bank-wide "unconscionable conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal.
After copping heat during the banking royal commission, ASIC has ramped up its efforts, with investigations up nearly 50% in a year in a push to restore accountability.
Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly.
ASIC has launched another inquiry into what chair Joe Longo says are repeated and serious failures by the ASX.
18 finfluencers suspected of unlawfully promoting high-risk financial products and providing unlicensed financial advice have received warnings from ASIC.
When shoppers used Choosi to compare life and funeral insurance, they thought they were choosing between leading companies. But according to ASIC, they were really picking between policies underwritten by a single provider.
Forgotten golf clubs, alcohol and a lot of tech up are for grabs at the Sydney Airport's lost property auction. Here's what you've missed this week.
Macquarie Securities, the broking arm of Macquarie Group, is under fire for allegedly misreporting millions of trades over 14 years.
