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Showing 91 - 100 of 163 results for "ASIC for"

Firetrail calls off $305m IPO

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
... strategies. It was set to pay $9.4 million in expenses to joint lead managers, legal, investigating accountant, ASX, ASIC for lodgement and others, for the $304.5 million offer. Actual spend would have been lower at the $100 million plus raise. The boutique ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... policies, coupled with deficiencies in governance and risk management. He went on to criticise the regulators, namely ASIC for seeking "negotiated outcomes" instead of pursuing litigation or forcing entities to face the courts. This strategy saw ASIC ...

AFA rejects criticism over grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 26 SEP 2018
... timeframe for a decline in the volume of grandfathered commissions. Turning the tables, the AFA called out both Treasury and ASIC for the lack of investigation conducted in determining the remaining level of grandfathered commissions, the products they're ...

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... co-managers. The boutique will pay $9.4 million in expenses to joint lead managers, legal, investigating accountant, ASX, ASIC for lodgement and others, for the $304.5 million offer. Firetrail deputy portfolio manager Blake Henricks spoke to Financial ...

Morgan Stanley amends false independence claims

JAMIE WILLIAMSON  |  TUESDAY, 28 AUG 2018
Morgan Stanley Wealth Management was caught by ASIC for falsely claiming it was independent. According to the regulator, Morgan Stanley made a claim in an ASX announcement released by Praemium in June that its services included an independent advice ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... CBA, ANZ and Westpac. The discussion related to July 6 this year when CBA and ANZ entered enforceable undertakings with ASIC for offering their customers superannuation products right after a general fact-finding questionnaire, which ASIC said the customers ...

Dover advisers turn orphans

JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
While there are Dover financial advisers that have managed to transition elsewhere in recent weeks, latest ASIC data shows hundreds of advisers will be without a licensee when the disgraced AFSL shutters today. Rainmaker analysis of ASIC's Financial ...

Dover exit renews self-licensing calls

ALEX BURKE  |  MONDAY, 25 JUN 2018
... executive Paul Tynan, who has described the Dover situation as a "perfect nightmare for our advice industry." He criticises ASIC for its narrow timeframe for licensing transitions in the wake of Dover's collapse and for ignoring that "Dover's former ...

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
... situation. The settlement includes a $5 million penalty, $15 million to a financial consumer protection fund and $5 million to ASIC for its litigation and investigation costs. FY18 bottom line is expected to take a hit from the $25 million settlement ...

Former Suncorp adviser banned

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
... in a series of bans applied by the regulator, with the former adviser of a NAB-aligned licensee permanently banned by ASIC for withdrawing money from private client funds for personal and business expenses, to the tune of $1,951,000. The bans arrive ...