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Showing 101 - 110 of 333 results for "Watchdog"

ASIC cracks down on 42 SMSF auditors

ALLY SELBY  |  THURSDAY, 20 AUG 2020
The corporate watchdog has cancelled the registrations of 36 self-managed super fund auditors, while conditions have been imposed on a further six. It comes after ASIC found a number of SMSF auditors had not maintained an appropriate level of audit ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... October 2021. Previously, a group of approximately 60 investors applied to adjourn ASIC's hearing, however, the corporate watchdog claimed "that application was not supported by any affidavit material, let alone affidavit material to indicate that there ...

Brisbane broker permanently banned

ALLY SELBY  |  TUESDAY, 11 AUG 2020
ASIC has permanently banned a Brisbane-based broker from engaging in credit activities, after the corporate watchdog found he had falsified a letter of approval for a home loan. Jeffry Leonard Gordon has been barred from the industry and his Australian ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... AMP, Colonial First State, Equity Trustees, IOOF, Intrust, Netwealth and Suncorp have been caught out by the corporate watchdog for wrongfully assigning 'smoker' statuses to new members, with only four of the aforementioned businesses set to ...

UK competition watchdog blocks merger

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
The Competition and Markets Authority (CMA) has blocked the merger of retail investment platforms FNZ and GBST due to fears of it leading to higher costs for investors. FNZ purchased GBST in November 2019 for £150 million. The merged businesses would ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... The fraudulent use of these figures in the marketing of financial products is a key indicator of a scam, the corporate watchdog said, pointing to fake websites posing as crypto trading robots and cryptocurrency "pump-and-dump" scams as two key major ...

Hobart adviser cops ban

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
... that was appropriate and in the best interests of his clients, and also failed to keep proper records. The corporate watchdog said Horton was "not competent and was not adequately trained to provide financial services". "Horton provided a number of clients ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... proceedings brought against it in November 2019, and is also currently being investigated by both the prudential and corporate watchdog. AUSTRAC uncovered more than 23 million breaches of anti-money laundering and counter-terrorism laws late last year ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... funders is something that is worth exploring in more detail." Similarly, Professor Vince Morabito noted that the corporate watchdog also did not believe the two regimes were appropriate for litigation funders. "ASIC has made it clear in public documents ...

ASIC appeal upheld

ALLY SELBY  |  MONDAY, 20 JUL 2020
An appeal by the corporate watchdog has been upheld after the Federal Court set aside a decision made by the Administrative Appeals Tribunal to not ban a Western Australian-based financial adviser. Robert Hutchison was permanently banned from providing ...