Australian Securities and Investments Commission (ASIC) has urged Australian Financial Services (AFS) licensees to review and correct information about their financial advisers on the Financial Advisers Register following a spot check that revealed errors and inconsistencies in the recorded data. This move also has significant implications for FX/CFD brokers, as ASIC's spot checks have revealed widespread inaccuracies. The regulator identified several issues, particularly concerning qualifications and training courses incorrectly marked as “approved” on the register. Common errors included mismatched qualification ... (full story)