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Opening statement by ASIC Chair Joe Longo, 23 June 2023. Check against delivery I am pleased to have the opportunity to appear before the Committee today. Before I begin my substantive remarks however, I want to say this. Clearly there are a number of positions which the Chair has taken in Parliament, and that this …

Senate Economics References Committee – Inquiry into ASIC investigation and enforcement Read More »

ASIC is calling on all general insurers to remove unnecessary pricing complexity and fix their systems, practices and controls so they can deliver on the pricing promises they make to their customers. ASIC today released Report 765 When the price is not right: Making good on insurance pricing promises. The report reveals that ongoing pricing …

General insurers to repay consumers $815 million for broken pricing promises Read More »

ASIC has accepted a court-enforceable undertaking from former Acquire Strategic Advisers Pty Ltd director and financial adviser, Gregory Blackaby, from Brisbane, Queensland. ASIC’s investigation revealed that Mr Blackaby failed to keep adequate and up-to-date records to show he had provided clients with services they were entitled to under ongoing service arrangements. Under the terms of …

ASIC accepts court enforceable undertaking from Brisbane financial adviser Read More »

Morrison Securities Pty Ltd ACN 001 430 342 (Morrison) has paid a penalty of $333,000 to comply with an infringement notice given by the Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to consider that Morrison contravened Rule 5.9.1 of the ASIC Market Integrity Rules (Securities Markets) 2017 (Rules) on six occasions on 27 …

Morrison Securities Pty Ltd ACN 001 430 342 pays $333,000 infringement notice Read More »

ASIC has disqualified Harry Neville Dickinson of Chelsea Heights, VIC, from managing corporations for two years due to his involvement in the failure of three companies. Between August 2008 and January 2022 Mr Dickinson was the director of three companies which entered liquidation between January 2020 and January 2022: DFL Group Australia Pty Limited (ACN …

ASIC disqualifies Victorian director for two years Read More »

ASIC has disqualified John Vaughan Markham of Eastwood, NSW, from managing corporations for three and a half years due to his involvement in the failure of three companies. Between March 1991 and November 2020 Mr Markham was the director of three companies which entered liquidation between November 2019 and February 2021: Active Towing Sydney Pty …

ASIC disqualifies NSW director for three and a half years Read More »

Registrations are now open for the ASIC Annual Forum and dinner to be held on 21-22 November 2023 in Melbourne. This is the first time the event has been held in Melbourne since 2009. The event brings together regulators, industry and thought leaders from Australia and abroad under the theme, Navigating disruption. ASIC Chair Joe …

ASIC Annual Forum moves to Melbourne, registrations open Read More »