News : ASIC

ASIC, Investments

ASIC issues share scam alert

ASIC Shares Scam identity theft

ASIC has urged individuals to remain vigilant amid a rise in scams targeting shares held in the portfolio accounts of Australian investors.

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ASIC, Auditing

ASIC takes action against SMSF auditors

SMSF auditors ASIC

ASIC has removed nine SMSF auditors from practice and imposed conditions on four more practitioners after referrals from the ATO.

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ASIC, Financial Advice

Former adviser jailed for dishonest conduct

SMSF adviser dishonest conduct Bradley Grimm ASIC Banning Ostrava Equities

Action to ban an adviser for dishonest conduct in 2016 has reached its conclusion with the former practitioner sentenced to 18 months’ imprisonment.

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ASIC, Investments

Greenwashing actions revealed

ASIC has tackled close to 50 cases of greenwashing in the investment and super sector in the past 15 months, with the regulator’s response including taking court action and issuing heavy penalties.

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ASIC, Regulation

SMSF fees see Macquarie fined

ASIC Macquarie Bank SMSF Ross Andrew Hopkins Cash management accounts

Macquarie Bank has been ordered to pay $10 million in fines after failing to prevent unauthorised fee transactions from its clients’ SMSF accounts by a third party.

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ASIC, Cryptocurrency, SMSF

Crypto mining scheme called out

Cryptocurrency Blockchain mining ASIC NGS Companies

ASIC has commenced legal action against three blockchain mining companies that encouraged individuals to transfer their entitlements into SMSFs and convert them into cryptocurrency.

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ASIC, Compliance & Regulation, SMSF

ASIC acts on suspected fraudulent websites

ASIC SMSF scam Joseph Cullia Zoran Markovic

Two Victorian men have been charged with fraud and dealing with the proceeds of crime after an ASIC investigation into an alleged SMSF scam.

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ASIC

ASIC freezes investment firm’s assets

ASIC Brite Advisors investment platform

ASIC has successfully applied to the Federal Court to freeze the assets of a company that provides SMSF investment services after it failed to provide financial statements and auditor reports.  

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ASIC, Auditing

More SMSF auditors sanctioned

ATO SMSF auditors disqualified

ASIC has taken enforcement measures against 11 registered SMSF auditors, resulting in the disqualification of three practitioners during the September quarter.

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ASIC, ATO, Auditing, Compliance & Regulation

Record number of auditors referred to ASIC

ASIC ATO SMSF auditors referral

The number of referrals of auditors to ASIC by the ATO has climbed to its highest level in five years due to concerns about independence and evidence gathering.

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