What ASIC's been up to lately
/ASIC's latest enforcement report explains just what ASIC has been up to in the first half of 2016, and what the regulator will be focusing on going forward.
Over the first six months of 2016, ASIC has:
- Laid 96 criminal charges
- Charged 10 people in criminal proceedings
- Issued 75 infringement notices
- Secured over $13 million in compensation and remediation for consumers/investors
- Removed 24 people completely from financial services
- Kicked off 101 investigations
- Closed up 93 investigations
Going forward, ASIC is interested in:
- Conduct risk and financial market integrity
- Failure to meet disclosure obligations
- High standards for gate-keepers
- Ensuring adherence to Future of Financial Advice reforms
- Improving quality of financial advice to consumers
