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Showing 1031 - 1040 of 8715 results for "Regulator"

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
Former Melbourne financial adviser Bradley Grimm has been convicted by the County Court of Victoria on three counts of engaging in dishonest conduct while running a financial services business. Grimm was sentenced to 18 months' imprisonment, with ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... civil proceedings in the Federal Court of Australia seeking civil penalties and O'Connor's disqualification. The regulator alleges O'Connor breached several of the director covenants contained in the SIS Act, including those that require ...

ASIC cancels AFSL of foreign exchange contracts issuer

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... warranted the cancellation to protect existing and future clients from likely future breaches of its core obligations. The regulator said that by cancelling the licence it also aimed to deter other AFS licensees from failing to "comply with their obligations ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
Former Courtenay House director Tony Iervasi has been sentenced to prison for 11 years, with a non-parole period of seven years, for his involvement in one of the nation's biggest Ponzi schemes. Between 13 December 2010 and 21 April 2017, Iervasi ...

Consultation begins on new merger notification thresholds

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
The government has begun consultation on proposed changes to merger notification thresholds as part of broader reforms designed to boost competition and productivity. Treasurer Jim Chalmers said in a joint statement said that they're designed to ensure ...

Too much being asked of super trustees: Levy

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
Speaking in a personal capacity at the Senate Economics Committee, Michelle Levy said it is too much to expect superannuation trustees to fix Australia's housing problem. Levy said she is sympathetic to the housing crisis, noting that she agrees owning ...

FSU campaigns against workplace surveillance

JAMIE WILLIAMSON  |  FRIDAY, 30 AUG 2024
The Finance Sector Union (FSU) is backing calls for a Privacy in Working Life Act to prohibit unnecessary surveillance of employees by companies and to ensure any surveillance is regulated. The Victorian government is currently undertaking an Inquiry ...

IFM Investors recruits chief of staff

ELIZABETH FRY  |  FRIDAY, 30 AUG 2024
Retirement income policy veteran Amara Haqqani has joined IFM Investors as chief of staff. In the new role, Haqqani is tasked with supporting cross-organisational collaboration and output amongst the executive team. Haqqani is a senior financial services ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
CLSA Australia paid a penalty of $144,300 in relation of an infringement notice for failing to provide correct regulatory data to the relevant market operator. The infringement noticed, given by Markets Disciplinary Panel (MDP), considered that from ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... moved on," he said, calculating this will cost each adviser around $8500. Anderson blamed the federal government and the regulator for much of the debacle. This includes ASIC failing to take action against Dixon Advisory in a timely manner and then only ...