FCA

FCA Confirms New Rules for P2P Platforms

Following consultation, the Financial Conduct Authority (FCA) is introducing rules designed to prevent harm to investors, without stifling innovation in the (peer-to-peer) P2P Platforms. When the FCA set its first rules for P2P, it committed…

ASIC

ASIC Releases Final Report on CBA’s Compliance With…

ASIC today released KordaMentha Forensic’s final report on CBA’s advice compensation program under its additional licence conditions. ASIC had imposed additional conditions on the Australian financial services (AFS) licences of CBA’s Commonwealth Financial Planning Ltd…

ASIC

‘Mind the gap’ – consumers confusing different types…

ASIC today released new research revealing many consumers confuse ‘general’ and ‘personal’ advice exposing them to greater risk of poor financial decisions. The ASIC report, Financial advice: Mind the gap (REP 614), presents new independent research on…

ASIC

Court Restrains Advanced Wealth and Richard Gardner from…

Following an ASIC investigation, the Supreme Court of Queensland has made orders restraining Advanced Wealth Financial Services Pty Ltd (Advanced Wealth) and Richard Gardner from carrying on a financial services business. Mr Gardner and Advanced…

ASIC

ASIC Warns Coffs Harbour Locals to Watch Out…

The Australian Securities and Investments Commission (ASIC) is warning the public that super spruikers promoting illegal use of self-managed super funds (SMSFs) are operating in the Coffs Harbour area. These spruikers are not licensed to…

Thomas Berkery

CLS Group Elects Thomas Berkery to its Board…

CLS Group, a specialist US financial institutions providing settlement, processing and execution services has announced the addition of Thomas Berkery as a new independent (outside) Director to its Board of Directors on 16th Oct. 2018.…

FMA Featured

World Investor Week Encourages Investors to Take the…

The Financial Markets Authority (FMA) has launched a new campaign for World Investor Week to help New Zealanders become more confident investors by addressing some of the uncertainties around investing. World Investor Week is run by financial…