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20 August 2019 • By Sarah Simpkins • 1 min read

ASIC investigates Forex trading website

The Australian Financial Complaints Authority (AFCA) has received a high volume of complaints regarding online stockbroker Forex Financial Services, ...

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Enforcement into the big 6 rises by 51%

The establishment of the ASIC Office of Enforcement has seen enforcement investigations into the big six rise by 51 per cent. The ASIC Enforcement ...

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Netwealth profit up 23.9%

Netwealth Group has boosted underlying net profit rise by 23.9 per cent in financial year 2019, as its investor directed portfolio service has turned ...

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Finance misconduct lost Australians $201bn

More than half of the population (54 per cent) have been negatively affected by misconduct among finance service providers, with a new study ...

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Government’s royal commission roadmap revealed

The government has released its royal commission implementation roadmap to set out how it will deliver on its response to the royal commission

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K2 posts 125.7% loss

K2 Asset Management suffered a $1.3 million loss in financial year 2019, dragging its profit down by 125.71 per cent year-on-year. The result came ...

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Fiducian boosts profit, eyes more acquisitions

Financial services provider Fiducian Group grew its profit by 15 per cent in financial year 2019, with the business reaping the benefits of ...

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Charles Schwab to close local office

Charles Schwab is reportedly closing its local Australian office but will still allow clients access to its services.  According to an email sent ...

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ANZ entering period of significant change

ANZ has sought to reassure brokers and customers that it is working toward being a more approachable bank by clarifying its loan application processes

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GBST doubles profit

Platform provider GBST managed to double its profit in financial year 2019. The group’s net profit after tax (NPAT) came to $12.7 million, up by ...

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