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Showing 101 - 110 of 129 results for "Greg Medcraf"

Former Sonray chief gets jail time following ASIC charges

CLAIRE MCGREAL  |  MONDAY, 17 OCT 2011
The former head of Sonray Capital Markets has been jailed for five years on 10 charges, which include false accounting involving fake deposits worth over $35 million. Scott Kenneth Murray, 33, of Werribee, Victoria will serve a minimum of two and a ...

Opus Capital offers EU olive branch to ASIC

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
Opus Capital has offered an enforceable undertaking to ASIC after the rectification of a condition breach of its Australian financial services licence. The regulator has accepted the offer. Opus Capital, a responsible entity for 14 unlisted property ...

ASIC opens dialogue with hedge funds

RACHEL DAVIS  |  THURSDAY, 15 SEP 2011
Greg Medcraft told the Alternative Investment Association (AIMA) Australian Hedge Fund Forum in Sydney that greater regulatory focus on the hedge fund industry is a post-GFC fact of life, but that it is part of a new dialogue. The new ASIC chairman ...

ASIC surveillance sharpens focus on AFS licensees

MATT WOODINGTON  |  TUESDAY, 13 SEP 2011
Financial services licensees must effectively monitor business models for possible conflicts of interest and prioritise training and supervision of advisers, said ASIC, as part of plans to raise standards in the advice industry and hold gatekeepers ...

ASIC warns CFOs after Westpoint sentencing

MATT WOODINGTON  |  MONDAY, 12 SEP 2011
The Australian Securities and Investments Commission reminded the industry of its legal responsibilities after former Westpoint chief financial officer Graeme Rundle received an 18-month suspended sentence. Rundle, found guilty of two counts of making ...

WA adviser receives jail sentence and reparations

RACHEL DAVIS  |  MONDAY, 5 SEP 2011
A Western Australian man has been sentenced to over three years in jail by the Perth District Court, in a case brought by ASIC. A reparation order of $1.7 million was also made. On 26 September 2008, ASIC suspended the Australian financial services ...

Opus licence decision overturned

RACHEL DAVIS  |  FRIDAY, 2 SEP 2011
The Federal Court has overturned an Administrative Appeal Tribunal's decision against the cancellation of the Australian financial services licence held by Opus Capital Limited, responsible entity for 14 unlisted property funds. ASIC's decision to cancel ...

ASIC tightens advice advertising

ELISE BURGESS  |  TUESDAY, 30 AUG 2011
Financial services industry faces tighter restrictions as ASIC releases a consultation paper and draft regulatory guide containing best practice guidance for the advertising of financial products and advice. Greg Medcraft, ASIC chairman, told media ...

Hedge fund forum delivers expert speakers next month

ALISON BEVEGE  |  WEDNESDAY, 17 AUG 2011
Financial services professionals will be treated to investment panels and star speakers from the superannuation and hedge fund industries at the Australian Hedge Fund Forum next month. The keynote address will be given by Australian Securities and Investment ...

ASIC warns CFD providers on margin calls, disclosure

ALISON BEVEGE  |  FRIDAY, 12 AUG 2011
The Australian Securities and Investments Commission warned that contracts-for-difference were high-risk products as it released new disclosure benchmarks for providers today. Greg Medcraft, ASIC chairman, told a press conference in Sydney that there ...