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Showing 131 - 140 of 259 results for "enforceable undertaking"

Brisbane adviser pleads guilty to $9 million fraud

LAURA MILLAN  |  FRIDAY, 28 NOV 2014
... re-appointment. Dimitri Amargianitakis has been banned from financial services for eight years, but under the enforceable undertaking (EU) that he has entered with the Australian Securities and Investments Commission (ASIC) he will be able to manage ...

SEC imposes US$4.16bn in penalties

ALEX DUNNIN  |  WEDNESDAY, 19 NOV 2014
The US corporate regulator, the Securities and Exchanges Commission (SEC), won orders for and imposed US$4.16 billion in penalties and disgorgements last year. In its 2013-14 annual report the SEC stated these penalties and disgorgements arose from ...

ASIC intervenes non-compliant Aurora listed funds

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
Aurora Funds Management has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) after the regulator identified compliance failings in some of its listed investment schemes. ASIC is concerned ...

Gold Coast advice firm enters EU over misleading ads

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... Coast-based financial planning and property management business Equanimity Concepts has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC). The regulator found that from January 2012 to July ...

Government clarifies adviser register funding

LAURA MILLAN  |  MONDAY, 27 OCT 2014
The government's public register of financial advisers will raise $5 million over the next four years by increasing the Australian Financial Services (AFS) licensee annual lodgement fee with the Australian Securities and Investments Commission (ASIC). ...

Arthur's back. Wait, no he's not

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  FRIDAY, 24 OCT 2014
The Abbott government's announcement of an improved register for the beleaguered practitioners was marred by an embarrassing blunder. Treasury was forced to issue a rare apology after mistakenly making the announcement under the name of suspended frontbencher ...

Funding for the government's adviser register unclear

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
How the public register of financial advisers will be funded remains unclear, with the government saying that the money will come via a $5 hike in the annual lodgement fee for Australian Financial Services (AFS) licensees. A statement from Minister ...

Industry needs unified solution to insurance "failure": ASIC

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
... that were part of the surveillance." ASIC officials also updated the Senate Economics Committee on the enforceable undertaking on Macquarie Private Wealth, following allegations that advisers would have cheated in their continuous education program exams. ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... arm, Macquarie Private Wealth (MPW), going back to 2004 following action from the regulator. Under the enforceable undertaking (EU) in place since January 2013, Macquarie is required to send letters to more than 160,000 people who have been clients of ...

Claims against advice arm have no factual basis: Macquarie

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... processes, practices and systems to respond to the Future of Financial Advice (FoFA) legislation and to the enforceable undertaking (EU) that it entered with the Australian Securities and Investments Commission (ASIC) in January 2013. Macquarie has said ...