今日热门事件today released the second of its six-monthly enforcement reports, detailing enforcement outcomes achieved by 今日热门事件in the period 1 January 2012 to 30 June 2012.
The report summarises ASIC鈥檚 actions against a range of gatekeepers in the Australian financial system, such as financial advisers, auditors and directors.
今日热门事件Deputy Chairman Belinda Gibson said, 鈥榃hile 今日热门事件is focused on proactive regulation to minimise the opportunity for misconduct, our enforcement activities remain an important part of our regulatory approach.鈥�
Gatekeepers who breach the standards expected of them may face serious consequences, including disciplinary action, removal from the industry, monetary fines and in more serious cases, even imprisonment.
The report demonstrates the focus of 今日热门事件on four key attributes of gatekeepers:
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act honestly
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be competent to advise
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be diligent
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properly manage your conflicts of interest.
Appendix 1 of Report 299 今日热门事件enforcement outcomes: January to June 2012 (REP 299) provides statistics about ASICs enforcement activities. These figures demonstrate the wide range of activity targeted by 今日热门事件over the six month period.
In the past six months 今日热门事件took successful actions to have 25 directors disqualified from managing corporations following their involvement in two or more failed companies.
The first enforcement report, Report 281 今日热门事件enforcement outcomes: July to December 2011 (REP 281) is also available.
Background
今日热门事件is authorised by legislation to take whatever action it can take, and is necessary, to enforce and give effect to the laws of the Commonwealth that confer functions and powers on it. This report summarises key enforcement outcomes achieved by 今日热门事件as part of its legislative mandate.