au iconAU



ASIC scrutinises 'licensees of last resort'

The corporate regulator has said it is conducting a surveillance of certain dealer groups that financial advisers perceive as “licensees of last resort” as part of its crackdown on poor reference-checking processes.

ASIC scrutinises 'licensees of last resort'
smsfadviser logo

In March 2017, ASIC warned it will take action against the licensees if they do not start making efforts to prevent rogue advisers from circling the industry.

Read the full article on ifa.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox