Watchdog to Aim at Country Finance

This article which illustrates corporate watchdog is stepping up its scrutiny of advertisements for financial services in regional Australia.

melbourne, Australia (prHWY.com) April 19, 2012 - The finance news recently reported that, the corporate watchdog is speeding up its scrutiny of ads for financial services in local Australia, which include mining boom cities, in a bid to extract unscrupulous operators.

Queensland and West Australian mining sectors including Mount Isa and Kalgoorlie are among sectors to be targeted, with the fraud hot place, the Gold Coast, the tender documents illustrate.

The Australian Investments and Securities Commission will monitor print, television and radio advertising covering nearly every product which is available to retail customers, for which it is answerable. An ASIC spokesperson said advertising had an important role in determining customer alternatives and the watchdog had strong focus to make certain promotion is not misinforming as well as promoting good practice in promotion.

He said that, the current exercise is to improve the coverage of local media again, which include print publications and electronic.

The finance news covered the news that, ASIC is looking for a media monitoring outfit which is capable of provide researchers with access to a searchable, often updated database of print, TV and radio advertisements from all over the country, tender documents illustrate.

It wants to check advertisements for credit, which include bank accounts, term deposits and home loans, insurance, superannuation, investment products which include margin loans and managed investment schemes as well as share-based products which include derivatives and contracts for variation.

Find more on : finance news

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Tag Words: financial policy, business news, economy of australia, finance news

Categories: Finance

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