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Showing 1141 - 1150 of 3711 results for "Order"

Former AMP, Synchron adviser charged

HARRISON WORLEY  |  FRIDAY, 21 FEB 2020
... client's funds. The matter was brought before the Townsville Magistrates Court on February 10, where Dick was granted bail but order to surrender his passport. According to the ASIC Financial Adviser Register, Dick is a member of the Association of Financial ...

Blockchain startup raises $68m, ordered to return funds

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... or causing any violations" of the federal securities registration laws. The blockchain startup consented to the SEC's order without admitting or denying its findings.

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... actions and regulatory investigations. In November last year AUSTRAC applied to the Federal Court seeking civil penalty order against Westpac relating to "systematic" non-compliance with the Anti-Money Laundering and Counter Terrorism Act on over 23 ...

HSBC to cut 35,000 jobs

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... business revenue comes from its dealings in the Middle East and Asia, while it said its US business needed to be reshaped in order to improve returns. The news comes after the bank appointed a new Australian chief executive at the end of January, while ...

Australian ETF industry competition heats up

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... could stifle competition and potentially harm consumers, Dyall said. It ranks entities in four categories, in decreasing order of market competitiveness: highly competitive (score of less than 100), concentrated (100 to 150), moderate concentration (1500 ...

Former licensee boss banned

JAMIE WILLIAMSON  |  TUESDAY, 11 FEB 2020
ASIC has said the former chief executive of Spectrum Wealth Advisers had a poor understanding of his obligations and failed to ensure advisers complied with the law, banning him over his involvement in the licensee's numerous failures. Mark Schroeder ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
Bank of England (BOE) Governor Mark Carney's last days on the job would have gotten more press were it not for the more pressing concern of the coronavirus. To be sure, there was nothing noteworthy in Carney's final monetary policy committee ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning ...

Asset manager to be liquidated

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
Global Merces Funds Management has come to an end as the financial services company is set to be wound-up. ASIC obtained orders to wind-up the Brisbane-based company on "just and equitable grounds" stating the proceedings were commenced to protect the ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
... a change in the composition of Argo's top 10 portfolio holdings by market value, with the major banks slipping down the order and being overtaken by Macquarie Group and CSL, which have again surged in value to become the largest holdings in Argo's portfolio ...