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Showing 1 - 10 of 11031 results for "May"

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... financial instruments without proper authorisation. The UK's Financial Conduct Authority (FCA) alleges that between 9 May 2018 and 13 April 2021, Emmanuel Nwanze and Holly Thompson (also known as Holly Zucchero) used the account to provide unauthorised ...

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... which they acquired on or after 31 March 2024 and such shares must be vested in ASIC for sale. In a separate letter dated May 10 and sent to all shareholders ahead of the EGM, Crole and Pattison, together with newly appointed chair Charles Sweeney, urged ...

Magellan advances MGF conversion to open class

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... effect the conversion proposal, and to distribute the unitholder booklet, the RE said. The first hearing is scheduled for May 20. If the court provides the requested judicial advice, Magellan Asset Management said it intends to announce and release the ...

Crescent Capital sells down ClearView stake

ELIZA BAVIN  |  FRIDAY, 17 MAY 2024
... holding notice to reflect the changes following settlement of the sale of shares, which is said it expected to occur on 20 May 2024. "ClearView has been advised by Crescent Capital Partners that, as part of the block trade the Crescent Funds have agreed ...

Poor gender diversity not a 'women's problem': Panel

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2024
... gender pay gap, Galvin advises leaders to be very clear with the teams they lead on what they want to achieve. Some firms may come across structural impediments that won't make it possible to create diverse or bigger teams. This is something, she said ...

Calls for a simplified path to financial advice

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... fact that instead of needing a second degree to meet the financial planning education standard, the proposal means members may only need to do some bridging units. He said this is important because people often don't start their education intending ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... there's "massive ongoing deepening" in back-office functions such as treasury and clearing. "When it comes to generative AI, you may have noticed from today's discussions and previous conferences, including markets like the UK, that many institutions ...

Australia requires swifter settlement cycle: SIAA

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2024
... was a pressing topic on day two of the conference. The US, Canada, Argentina, and Mexico are transitioning to T+1 in late May. Leading the pack, India and China already settle trades on a T+1 basis. The Australian financial market has operated on T+2 ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... services industry. "Financial advisers must act with honesty and integrity in their dealings with clients," ASIC said. "ASIC may ban a financial adviser if it has reason to believe that they are not a fit and proper person to provide financial services ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... and electricity rebates, is being delivered broadly, rather than targeted at those doing it toughest. Electricity rebates may alleviate headline inflation but will drive spending elsewhere. This risks working against monetary policy." What's missing ...
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