Regulatory Alerts2026-02-18
ASIC Commences New Review of Advice Licensees Using Lead Generation Services
The Australian Securities and Investments Commission has launched a review of financial advice licensees utilizing lead generation services to address practices that inappropriately encourage consumers to switch superannuation. ASIC published a list of known entities involved in these activities and warned that licensees engaging with high-risk tactics face potential enforcement action for contravening the law. Consumers are advised to exercise caution against high-pressure sales tactics and to verify the credentials of any financial adviser before making decisions regarding their superannuation.
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