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ASIC requires compliance with restrictions on use of ‘independent’

ASIC is continuing to monitor the financial advice industry’s use of restricted terms ‘independent’ and ‘independently owned’, taking steps to intervene when it identifies concerns.

Fox Symes pays $37,800 for misleading advertising

ASIC has issued three infringement notices to debt management firm Fox Symes and Associates for making potentially misleading statements in its advertising.

Wealth creation property spruiker made false or misleading representations

The Federal Court has found that We Buy Houses Pty Ltd and its sole director, Rick Otton, made false or misleading representations in promoting a...

Misleading claims by debt management firms targeted by ASIC

Capital Debt Solutions Australia has paid an infringement notice of $10,800, and Debt Assist Aust and Bankruptcy Experts have removed misleading statements online, following an...

Payday lenders fined $730,000 for diamond trading 'sham'

Following ASIC action, the Federal Court has fined payday lenders a total of $730,000 for breaching consumer credit laws by engaging in credit activities without...

Financial planning advisor reacts to concerns by ASIC

Mr Stephen Burgin, an authorised representative of Interprac Financial Planning, closed his website steveburgin.com.au in response to concerns raised by ASIC.

Findex Group Limited and Financial Index Australia Pty Ltd pay $21,600 in penalties

Findex Group Limited and Financial Index Australia Pty Ltd have each paid a $10,800 penalty following the issuing by ASIC of infringement notices for potentially...

ASIC issues warning about Titantrade.com

ASIC is warning the public not to click on any advertising being marketed under the brand ‘Titantrade’, a website by which trading in binary options...

Property Group receives $10,800 infringement notice

Kovacs Property Group Pty Ltd has paid a $10,800 penalty to comply with an ASIC infringement notice after producing potentially misleading advertisements online.

Investors set to reappraise industry: Miller

After 18-months as chairman of The Newspaper Works, Michael Miller reflects on the challenges and opportunities ahead. To those who know Michael Miller, the former chief...

Seven West back in black with $135.2m profit

Seven West Media has reported a net profit of $135.2 million for the six months ending December 26, as the company forecasts a flat television...

“This will provide more premium video and mobile inventory than ever before, an even stronger content marketing offering and, ultimately, improved returns for our advertisers,” said News Corp Australia chief operating officer Peter Tonagh Photo: Alex Proimos

News Corp revenues down 4pc on volatile currency

News Corp has posted revenues of $US2.16 billion for the second quarter, a drop of 4 per cent from the previous corresponding period, despite a...