Is ASIC litigating enough?

ASIC staff need to consider if they are taking on enough risk in choosing cases to litigate, according to chair Joe Longo, prompting a Senate committee to ask if it should re-adopt the ‘why not litigate’ mantra.

Growth in micro-ASFLs has taken a hit to the largest players with Insignia and AMP both seeing a drop in their market share as a result.

A former director and CEO has pled guilty to two counts of engaging in dishonest conduct, with two further offences under consideration, for cheating investors of nearly $1 million.

The asset manager has posted a 55% decline in net profit after tax as a result of costs associated with the Pendal acquisition.

Diverger has added 160 self-licensed advice firms in the first half of 2022/23 as it targets achieving net revenue of $45 million in FY25.

Clime Capital has indicated it could take up new M&A opportunities this year as the firm opts to hold onto cash rather than pay an interim dividend.

After seven weeks of waiting, the final report of the Quality of Advice Review was released in early February, prompting eager reading by the advice industry.