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Showing 91 - 100 of 151 results for "Scams"

Facebook, Google face crypto class action

ANNABELLE DICKSON | WEDNESDAY, 26 AUG 2020

... revenue and over 80% of social media ad revenue. The advertising bans were aimed to reduce the risk of initial coin offering scams to investors but ended up dropping crypto markets by hundreds of billions of dollars and leading crypto exchange volumes ...

ASIC warns Indigenous Australians over scams

ANNABELLE DICKSON | WEDNESDAY, 19 AUG 2020

In light of the National Scams Awareness Week, the corporate regulator is urging Indigenous Australians to be wary of scams. The Australian Securities and Investments Commission is one of the agencies responsible for the National Indigenous Consumer ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR | WEDNESDAY, 19 AUG 2020

... The Australian Competition and Consumer Commission (ACCC) has told Financial Standard that the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed ...

Cyber criminals jump on ERS

ELIZA BAVIN | TUESDAY, 4 AUG 2020

... ACCC chair Rod Simms told the joint committee on COVID-19 criminal activity and law enforcement that over 60% of COVID-19 scams are phishing scams aimed at collecting identity information. "As the economy responds to the COVID-19 pandemic, the ACCC has ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY | THURSDAY, 30 JUL 2020

ASIC has uncovered several cryptocurrency scams using Australian celebrities, prominent news sites, and government agencies to reel in investors. Endorsements from celebrities and business figures such as Waleed Aly, Mike Baird, Celeste Barber, Andrew ...

ATO crashes amid tax return, ERS rush

ELIZA BAVIN | THURSDAY, 2 JUL 2020

... ERS scheme, Australians were able to access up to $10,000 per financial year. In addition, the ATO renewed warnings of ERS scams, highlighting concerns about those who may impersonate the ATO or a super fund to gain access to another's money. "We're ...

Crypto investment opportunities outright scams: ASIC

ALLY SELBY | THURSDAY, 25 JUN 2020

ASIC has reported an increase in investment scams during the COVID-19 pandemic, with most cryptocurrency "opportunities" in particular panning out to be outright scams. The corporate watchdog saw a 20% increase in scam reports from March to May this ...

Investment scams pry $126m from Aussie hands

ALLY SELBY | MONDAY, 22 JUN 2020

Australians lost $126 million to investment scams in 2019, with many fraudsters using 'celebrity' endorsements to rort investors. According to the latest figures coming out of the ACCC's Targeting Scams report, Australians were defrauded ...

SEC charges COVID-19 microcap scammers

ALLY SELBY | FRIDAY, 12 JUN 2020

... risks that exist during this national emergency," "The SEC will continue to act quickly to protect investors from investment scams, including those seeking to capitalise on the COVID-19 crisis." The complaint has charged the defendants and the offshore ...

COVID-19 inspires pump and dump scheme

ELIZABETH MCARTHUR | WEDNESDAY, 10 JUN 2020

... through claims regarding products or services related to COVID-19." The SEC encouraged consumers to research pump and dump scams and the warning signs of investment fraud. In April 2020, the SEC issued a special alert to "main street investors" warning ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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