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Showing 1121 - 1130 of 5616 results for "ASIC"

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
... template Target Market Determination (TMD) to promote regulatory best practice in the funds management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global for inadequate compliance with the Design and Distributions ...

Director charged over illegal investment scheme

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... licensed through SIRA Group for three months in 2015 and then by Diverse Advisers between June 2015 and June 2019, according to ASIC's Financial Adviser Register. ASIC alleges that, between 2017 and 2021, Arandez promoted and carried on a financial services ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Super fund ESG options on average have "sharply reduced" exposure to BHP, Woodside Energy and Transurban while being overweight CSL, Telstra and ResMed, according to Rainmaker Information. Rainmaker Information has released its most recent Rainmaker ...

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
... former adviser looked at client files from his time as an authorised representative of Madison Financial Group. Following the ASIC investigation, Vick will not be able to provide financial services, perform any function involved in the carrying on of ...

ASIC chair calls out greenhushing

RACHEL ALEMBAKIS  |  TUESDAY, 6 JUN 2023
... in which companies stop all voluntary disclosure of ESG information - is just another form of greenwashing, according to ASIC chair Joe Longo. In a public speech, Longo provided additional context to the market regulator's focus on ESG action and disclosure ...

ASX lays out five-year plan to restore trust

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... executive Helen Lofthouse today unveiled the exchange's priorities in the near term at its inaugural investor day, as ASIC releases the first of three special reports designed to keep its operations, security, continuity, and governance in check. ...

Fraudulent property director charged

CHLOE WALKER  |  TUESDAY, 6 JUN 2023
... investors into using their superannuation and other savings to invest a property development. Following an investigation, ASIC is alleging that between May 2016 and February 2017, Steele misled the investors into withdrawing funds from their employer ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
... proceedings. D'Amore and Kirby are also alleged to have made a false statement or submitted false or misleading documents to ASIC and an auditor of Berndale about overseas bank accounts containing Berndale funds. Berndale's Australian financial services ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... broker from opening trading accounts or dealing in CFDs or margin foreign exchange contracts (margin FX) to retail investors. ASIC said the action is its first in response to a contravention of the reasonable steps obligations regarding a financial product ...

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
... and its issuer Diversa from distributing or providing financial product advice to retail clients recommending the products. ASIC is concerned the existing target market determination for Spaceship Super has too broad of a target market and does not adequately ...