Royal commission found clients charged for advice they never received
Big banks paying hundreds of millions in customer compensation
The court ruling helps clarify a legal grey area
A review suggests most fee disclosure is incomplete — and some fees aren't disclosed at all
The two groups have signed a memorandum of understanding
Lawmakers have introduced new obligations for financial firms and given the ASIC new powers
ASIC has prevented five proposed ICOs from raising capital without appropriate investor protections
Some issuers have halted their ICOs to address the ASIC’s concerns
More than 3,000 customers have received compensation for losses as a result of non-compliant conduct by advisors
The new service will feature higher monetary limits and compensation caps