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Showing 1231 - 1240 of 6076 results for "Commission"

12 charged in $17m fraud

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... ATO officers have initiated debt recovery processes relating to tax debts. The Australian Securities and Investments Commission will target corporate compliance and regulatory issues." ATO assistant commissioner Aislinn Walwyn, who leads the agency's ...

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
... spokesperson for the company said the administration was due to the actions of the Australian Securities and Investments Commission "These actions have deeply harmed the USGFX brand and continue to consume excessive time and resources, despite no substantial ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
The US Securities and Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International ...

Saxo Markets adds options to platform

ALLY SELBY  |  FRIDAY, 17 JUL 2020
Multi-asset trading and investment platform provider Saxo Markets has added exchange traded options to its platform, giving clients the ability to gain exposure to the ASX without having to purchase shares directly. Options allow investors to hedge ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
Senator Deborah O'Neil has revealed she was told by ASIC that AMP's Buyer of Last Resort (BOLR) agreements being altered and subsequently slashing the value of advice businesses was not a priority for the regulator. In a letter to the chair of the Parliamentary ...

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... "better method" than sending a press release. Bragg then asked about the report ASIC was undertaking following the Royal Commission on "inducements" and how super funds entice businesses to choose them as a default fund for employees. "There has been ...

Statewide overhauls risk management approach

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
Statewide Super has hit the refresh button on its approach to risk, prompted by COVID-19 and the Royal Commission. The funds recently appointed chief risk officer, Jason Muir said his goal is to refresh the industry fund's approach to risk in a post-COVID-19 ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... largest litigation funder, Omni Bridgeway, reported to the ASX that the Federal Court had outlined why a 25% funding commission for the litigation funder which produced a 502% return on invested capital was fair and reasonable. The returns in questions ...

Woman jailed in $105m tax scam

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
A fourth person has been sentenced to four years imprisonment for their role in a syndicate that allegedly defrauded the Commonwealth of over $105 million. Devyn Hammond was sentenced in the Supreme Court of NSW to four years jail for her role in a ...

Regtech adds to advisory board

ALLY SELBY  |  MONDAY, 13 JUL 2020
... growing compliance obligation are delivered efficiently and most importantly; with the quality it deserves. "The Royal Commission has created these necessary obligations and technology advancements are at a point where automation through cloud services ...