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Showing 1111 - 1120 of 5617 results for "ASIC"

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
ASIC flagged it will take a formidable role in regulating how artificial intelligence will impact the securities and corporate sectors. ASIC chair Joe Longo unveiled much of the regulator's agenda in the short term, with AI taking up a "high and important ...

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam, ASIC said. About 15,810 are recorded as current financial advisers on ASIC's Financial Adviser Register (FAR). Nearly 3000 ...

Challenger lowers stake in Elanor

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... the options. Elanor chief executive Glenn Willis said: "We are pleased to have secured the transfer of the ADIC mandate and ASIC becoming a substantial investor in ENN. We look forward to delivering strong investment returns for ADIC's real estate ...

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
Having already permanently banned former Shaw and Partners senior adviser Kristofer Ridgway, ASIC has now made sure he cannot leave or attempt to leave Australia. Interim travel restraint orders were made on June 11 following the regulator's application. ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
The independent body tasked with reviewing the competency of APRA and ASIC has released a list of draft metrics it will use to measure the regulators against and is asking for industry feedback. The Financial Regulator Assessment Authority (FRAA) has ...

New Quantum reveals Nasdaq listing plans

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... vertically integrated business models that can internalise the value created by the underlying technological automation," he said. ASIC's approval for the bid implementation is expected by mid-June.

Former Big Un executive smacked with insider trading charge

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... liquidated in 2019 after internal audits revealed an unstainable loss-making operation with $50 million of hidden liabilities. ASIC alleges Corner was in possession of inside information in late 2017 when he procured two private companies to sell 1.7 ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... investors. Foxi Capital director and Responsible Entity Services (RES) authorised representative Shaun Fox was banned by ASIC, which found he made false and misleading statements and engaged in misleading and deceptive conduct in relation to financial ...

Former BBY operations lead sentenced

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... occasions. She sent false summaries of unsettled client contracts to the bank to support the requests for the additional funding, ASIC said. She did this while knowing BBY was not entitled to draw down $4.4 million on 28 June 2013; draw down an average ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... developments set up by MKS Property. It was an unregistered managed investment scheme without a licence or required registration. ASIC alleged at least $11.3 million was invested, some was repaid as returns while much was lost. Kaur - which ASIC described ...