This audio presentation provides an in-depth analysis of the Australian Securities and Investments Commission (ASIC) vs. R M Capital Pty Ltd case, highlighting its significance as a test case for f inancial services regulation in Australia. Listeners will gain an understanding of ASIC's role, including its responsibilities in licensing, market oversight, compliance enforcement, and consumer protection. The discussion explores the evolution of financial regulation, particularly around conflicted remuneration, and how cases like this shape industry standards. By the end, listeners will have a comprehensive perspective on regulatory enforcement, financial compliance, and the broader implications for mortgage brokers and financial advisors.