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| | | ... 'avarice' or 'pursuit of profit', the conduct ignores basic standards of honesty." He said charging for advice that is not provided is equally dishonest as giving advice that does not serve the client's interests but profits the adviser. ... |
| | | | ... closely, whether that time is needed," he wrote. Worryingly, ASIC also has a preference for "easily won cases" - and does not do enough to resolve grey areas in the application of the law. ASIC defended itself by saying its approach to enforcement was ... |
| | | | ... ensure' that the services they are licensed to provide are provided 'efficiently, honestly and fairly'. Much more often than not, the conduct now condemned was contrary to law," the report said. "Passing some new law to say, again, 'Do not do that' ... |
| | | | ... charged by salaried financial planners following greater analysis dating back to 2008. "These include where advice services were not provided, as well as where we have not been able to sufficiently verify that advice services were provided," Westpac ... |
| | | | ... to Financial Standard about the opportunities that BlackRock sees in advisers, institutionals and managed accounts. "We are not going to go down that track [of actively managed ETFs] at the moment because of the single market-maker model and we strongly ... |
| | | | ... State Street Global Advisors will vote against the entire slate of board members on a nominating committee if a company does not have at least one woman on its board. SSGA said the enhancement to its board gender diversity voting guidelines would begin ... |
| | | | ... share, had already secured funding and was awaiting a shareholder vote. "The SEC's complaint alleges that, in truth, Musk had not discussed specific deal terms with any potential financing partners, and he allegedly knew that the potential transaction ... |
| | | | ... didn't arrange, advise or otherwise engage with investors, who were high-net worth individuals and their advisers. "Many, if not all, had previously participated in similar transactions," Macquarie Bank said. Macquarie said it will continue to cooperate ... |
| | | | ... complete by October 31. Additionally, Blue Sky told investors and ASIC on 31 August 2018 that it breached its AFSL requirement by not meeting its net tangible asset (NTA) requirements in June, July and August. The breach arose from the time Australian ... |
| | | | ... Reserve Bank of New Zealand (RBNZ) kept the official cash rate unchanged at 1.75% -- where it had been since November 2016. Not only that, RBNZ governor Adrian Orr said in his statement that the OCR would remain at this level through 2019 and into 2020. ... |
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