From financialnewswire.com.au: The Stockbrokers and Investment Advisers Association has criticised ASIC for its proposal to publicly name financial services licensees regarding internal dispute resolution and reportable situations data.

The SIAA argues that ASIC lacks the legislative authority for such a naming and shaming approach and states it is an inappropriate use of data.

The association’s view is that it undermines the intended objectives of the breach reporting regime.