Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 6439 results for "December"

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... after an ASIC investigation found it failed to meet pre-trade transparency rules on 8417 occasions from April 2019 to December 2022. The rules mandate that ASX disclosure specific order details on its trading system. However, due to a system misconfiguration ...

ASIC succeeds in conflicted remuneration case

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... superannuation funds (SMSFs) to buy real property marketed by real estate agent Positive RealEstate. ASIC alleged that between December 2013 and July 2016, Positive RealEstate paid SMSF Club around $5000 each time a client bought a property through them ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... secured almost $60 million in civil penalties and nine criminal convictions relating to scamming in the half year to 31 December 2023. It also launched 83 new investigations, commenced 19 new civil proceedings, criminally charged 19 individuals, and ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... Federal Court to wind up Prospero Markets "on just and equitable grounds", shortly after its AFS Licence was suspended in December 2023 for failing to lodge its 2023 audited financial accounts. Investors have contacted ASIC concerned about their money. ...

Senior equity manager exits Cbus

ELIZABETH FRY  |  FRIDAY, 1 MAR 2024
... July 2016 within the public markets team. After six months, she was promoted to senior portfolio manager of equities. In December 2022, Cbus made five new appointments as part of its strategy to bring investments in-house and build a strong internal ...

Platinum plans turnaround, FUM dwindles

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... product design. Despite the changes, Platinum stressed that its "investment philosophy will not change". The half-year to December experienced net outflows of $1.75 billion and negative investment returns of $100 million. Some $940 million in outflows ...

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... cryptocurrency exchange. Blockchain Global launched the ACX Exchange in 2017 for cryptocurrency trading and storage, but by December 2019, it collapsed, rendering customers unable to withdraw their funds. Following the collapse other Blockchain Global ...

Pallas Capital, Ares launch $500m lending fund

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... It launched its first lending trust in November 2021 and a New Zealand equivalent version alongside Credit Suisse in December 2022. Pallas chief investment officer Dan Gallen said this market segment remains unserviced as it falls between the very narrow ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... presented with that opportunity." ASIC has issued 16 other infringement notices relating to greenwashing. Most recently, in December, Morningstar paid $29,820 to comply with two infringement notices over allegations that its investor funds "were exposed ...

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... year result which saw it take out the top spot among default Lifecycle options, returning 14.7% for the 12 months to December end. In doing so, it beat out the likes of FirstChoice, Mine Super, and TelstraSuper; the median return for default Lifecycle ...