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More needs to be done to protect the super sector's most vulnerable members, with the Conference for Major Super Funds being told that doing so would be a breach of the best financial interest duty is a myth.
A former Fellow Chartered Accountant has now been sentenced to 10 years in jail after pleading guilty to deceiving clients in the use of their SMSF money.
Securities lending and marketing brokerage as ‘zero-cost’ are raising flags at ASIC.
<p><span>ASIC is warning brokers to be careful about or reconsider offering high-risk products and services to retail investors, such as securities lending, crypto-assets and offers of ‘zero’ or ‘low-cost’ brokerage - where the true cost is masked.</span></p>
ASIC has told brokers to be careful about or to reconsider offering high-risk products and services to retail investors as an increasing number offer securities trading.