ASIC considers complaints against Kalkine
The Australian Securities and Investments Commission (ASIC) has confirmed to a Parliamentary Committee that it is currently considering complaints it has received against investment portal Kalkine.
Answering a question on notice under the auspices of the Senate Economics References Committee from NSW Liberal Senator, Andrew Bragg, ASIC confirmed it had received complaints about Kalkine.
Its answer to Bragg stated: “We received a number of reports about Kalkine Pty Ltd, including three reports relating to allegations of the provision of unlicensed financial advice. Kalkine holds an Australian Financial Services Licence (Number 425376) to provide general financial advice”.
It said the complaints were received via ASIC’s online complaints portal and by email.
Asked what regulatory action it had taken, if any, ASIC said it had not taken any regulatory action to date against Kalkine, “however, ASIC is currently considering the matters raised in the reports”.
Good article. I know many advisors planning their exit over the next few years if this mess does not get…
Jim’s talk fest in Canberra spent million $$$$ and what will they do. MANUFACTURE MORE RED TAPE. Why is there…
If you are going to have this scheme, every accountant should also have to share the burden. I personally don’t…
Hello Canberra, does anyone listen ? Or are you all so completely corrupted that “let’s blame and charge advisers only…
Pretty reasonable summary. You forgot the institutional hatred of advisers and utter incompetence of the keystone cop regulator, ASIC, the…