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ASIC review findings
ASIC surveillance from March to June 2026 found onboarding shortcomings at nine brokers including limited tailoring of questions and unlimited attempts to pass questionnaires. Some providers offered incentives such as cash vouchers to encourage trading.
Sources: [1]
Sector changes
Five entities improved compliance. Two stopped onboarding options clients during remediation. One exited Australia. ASIC is considering further enforcement action.
Sources: [1]
Investor guidance
ASICs Moneysmart released educational webpages on complex products. Commissioner Simone Constant said entities must ensure products reach the right target market throughout the client relationship.
Sources: [1]
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