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Showing 1071 - 1080 of 12582 results for "Company"

Loftus Peak to take over Orca fund

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... expected to occur early this year after having already been approved by the responsible entity, Perpetual's The Trust Company. It was said the decision was made as, despite its best efforts, Orca has not been able to grow the fund to its ideal size since ...

Insignia Financial class action dismissed by court

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
Just days before Christmas, an Insignia Financial shareholder class action borne out of the Royal Commission was dismissed, with the judge saying there was no evidence provided to prove the group breached disclosure requirements. The class action was ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... director of Synergy Asia Pacific Partners, known as SKR Private and Synergy Equities Group. ASIC has now cancelled this company's AFSL as well. The ban was effective 5 December 2023. According to ASIC's Financial Adviser Register, between September 2010 ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... of Secure Investments, extracting more than $550,000 from the company's accounts to purchase shares in a security company for his personal benefit. ASIC froze the assets of Naseeruddin's companies in 2019, and successfully obtained orders in ...

IG appoints institutional sales manager

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... presents an immense opportunity. "I'm looking forward to working with the team of experts at IG and together, growing the company's institutional offering to a new height." IG Prime offers institutional services including technology, platforms, products ...

Federal Court appoints receivers to investigate Brite Advisors

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
... court re-made asset preservation orders to restrict Brite's operations, however authorised the receivers to manage the company's ongoing activities. ASIC said it took these steps to protect client assets, and the management of those assets, on an ongoing ...

EQT operations, finance chief steps down

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... worked as the chief financial officer at the now-defunct property development, construction and investment management company Grocon. Before that, he held positions that included managing director of Agrium Asia Pacific and chief financial officer of ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... managing corporations for five years and impose a pecuniary penalty. ASIC alleged that he facilitated loans from his private company Anglo Menda to lend funds to EverBlu clients, in breach of EverBlu's personal dealing policy, to trade in Creso shares. ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... than stepped premiums. "Despite consumer expectations that level premiums are more stable than stepped, only one life company made the conscious decision to keep increases for level premiums at a lower rate than for stepped premiums," the letter read. ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
While there are good indications that Melissa Caddick's victims will recoup most of their funds, the lawyer spearheading the latest class action believes that SMSF clients should get all their money back. Michael Chapman, a director at Melbourne-based ...