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Showing 91 - 100 of 259 results for "enforceable undertaking"

Sydney licensee caught out on conflicts

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2017
ASIC accepted an enforceable undertaking from a Sydney investment banking, stockbroking and research firm following an investigation into conflicts of interest. In July 2015 Foster Stockbroking was the sole lead manager for the initial public offering ...

Queensland adviser enters ASIC enforceable undertaking

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2017
ASIC accepted an enforceable undertaking from a Toowoomba financial adviser after he failed to act in the best interests of clients. Former Hart Ensole representative Dean Hartmann was found by the regulator to have failed to meet his obligations as ...

ASIC needs tougher, direct powers: Taskforce

KARREN VERGARA  |  THURSDAY, 9 NOV 2017
ASIC should be given tougher intervention powers to direct how an Australian financial services licensee addresses or prevents compliance failures. The latest report from the ASIC Enforcement Review Taskforce highlights several shortcomings the corporate ...

ASIC raises concerns over NSX listings

KARREN VERGARA  |  TUESDAY, 29 AUG 2017
... sufficiently providing regulatory disclosure documents such as a prospectus. In July, ASIC accepted an enforceable undertaking from market participant, Avalon Pacific Capital, in relation to its dealings with four Samoan and one British Virgin Island ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
Financial Index Australia entered into an enforceable undertaking with ASIC after an investigation found advisers had moved clients into more expensive, FIA-branded products without reason. ASIC identified a number of issues within FIA's financial advice ...

Macquarie pays the price for poor advice

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
... Macquarie Equities has shelled out almost $25 million in compensation in the past three years as part of its enforceable undertaking with ASIC. The corporate regulator published an update yesterday as to the remediation program's status, saying it is ...

Macquarie to pay $2m following ASIC probe

ALEX BURKE  |  MONDAY, 22 MAY 2017
ASIC accepted an enforceable undertaking from Macquarie, which includes a community benefit payment of $2 million, following the regulator's investigation into the bank's wholesale foreign exchange business. ASIC determined that on multiple occasions ...

Former adviser cops ASIC reprimand

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
... Macquarie Equities Limited adviser agreed to not provide financial services for four years as part of an enforceable undertaking by ASIC. The regulator determined that Anthony Wilson had failed to comply with financial services laws between 30 July 2007 ...

Barclays fined following ASIC investigation

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
... service providers for failing to inform Australian clients they were exempt from holding an AFSL. The enforceable undertaking was accepted following concerns that the Barclays entities - US-domiciled Barclays Capital (BCI), Hong Kong-based Barclays Capital ...

ASIC spots forex breaches at ANZ and Westpac

ALEX BURKE  |  WEDNESDAY, 15 MAR 2017
... FX business and we look forward to continuing this process as we fulfil our commitments set out in the enforceable undertaking." ANZ chief risk officer Nigel Williams added: "ANZ has co-operated fully with ASIC's investigation on this matter and we accept ...