DBM’s Consumer Atlas to incorporate emma audience data providing world-class insights into media consumption, consumer attitudes, intentions and behaviours towards financial institutions.
ASIC has taken action to stop several proposed initial coin offerings or token-generation events (together, ICOs), targeting retail investors.
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.
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 number of wealth creation strategies involving real estate, following ACCC action.
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 ASIC crackdown on misleading advertising by debt resolution firms.
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 holding an Australian credit licence.
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 have each paid a $10,800 penalty following the issuing by ASIC of infringement notices for potentially misleading claims on the Findex website.