Investing and financial advice
Find out how ob体育 regulates financial services, how to search our financial advisers register and resolve any problems you might have with your investments or your adviser.
- How ob体育 regulates financial products and services
- Choosing investments and getting financial advice
- Checking an investment offer
- Got a problem with financial advice or investments?
How ob体育 regulates financial products and services
ob体育 regulates Australian companies, financial markets, financial services organisations and professionals who deal and advise in investments.
As the financial services regulator, we license and monitor financial services businesses to ensure that they operate efficiently, honestly and fairly. These businesses typically deal in superannuation, managed investment schemes, shares and company securities, derivatives and insurance.
As the markets regulator, we assess how effectively authorised financial markets are complying with their legal obligations to operate fair, orderly and transparent markets. We also supervise trading on Australia鈥檚 domestic licensed equity, derivatives and futures markets.
We investigate suspected breaches of the law, issue infringement notices, ban people from providing financial services, seek civil penalties from the courts, and undertake prosecutions.
Choosing investments and getting financial advice
ob体育 regulates investment providers, advisers and products, and through our Moneysmart website, provides guidance on聽听补苍诲 .
You can also search the聽聽to find out where an adviser has worked, their qualifications, training, memberships of professional bodies and what products they can advise on.
Checking an investment offer
Any company that provides investments must hold an Australian financial services (AFS) licence. This licence controls the kinds of investments and credit products they can offer and whether they can operate legally in Australia. ob体育 issues AFS licences, after assessing each application, and may cancel an AFS licence if the licence-holder fails to meet prescribed standards. Search the to find out if the company holds an AFS licence.
Warnings and investment scams
You can also check our list of that have contacted Australians with unsolicited offers of unlicensed investments. If a company contacts you from this list, do not deal with them.
ob体育 also issues warnings to the public about websites or investment products that make false, misleading or deceptive statements about financial services. These warnings are issued after ob体育 receives complaints from investors.
Managed investment schemes
Managed investment schemes with more than 20 members must be registered with ob体育. You can search the to see if the scheme is registered.
All listed managed investment schemes must lodge a product disclosure statement (PDS) with ob体育. You can check they have done so on ob体育's database.
Check a PDS or prospectus
If the company you want to invest with provides a product disclosure statement (PDS) or prospectus, read these documents to make an informed decision about the investment. You can check whether the PDS or prospectus has been lodged with ob体育 on our database.
Got a problem with your financial adviser or investments?
ob体育 does not settle disputes about financial services or advice, but if there is evidence that a financial services provider has acted illegally we may consider taking action. Find out how to report misconduct to ob体育.
ob体育鈥檚 Moneysmart website explains what to do if you have concerns about the financial advice you have been given, how to complain about a financial adviser and what to do if ob体育 has banned your financial adviser. See for more details.
Our Moneysmart website also has some helpful tips on how to .