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Showing 1241 - 1250 of 4927 results for "MIS"

ANZ sued by ASIC

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
ANZ has acknowledged the civil penalty proceedings launched against it in Federal Court by ASIC for allegedly misleading and overcharging thousands of customers. The corporate watchdog today alleged that between May 2016 and November 2016 around 165,750 ...

Fossil fuel divestment bill passes California Senate

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
The California Senate passed a bill overnight prohibiting the United States' two largest public pension funds from investing in the world's top 200 fossil fuel companies and require them to divest any existing holdings by 2030. The California ...

SEC proposes new disclosure for ESG funds

RACHEL ALEMBAKIS  |  THURSDAY, 26 MAY 2022
The US Securities and Exchange Commission (SEC) has proposed a disclosure regime for ESG-related funds and advisers that would see funds broken down into three categories of strategies. The proposed changes would see three broad categories for ESG strategies ...

BNY Mellon subsidiary to pay US$1.5m over ESG misstatements

CASSANDRA BALDINI  |  TUESDAY, 24 MAY 2022
BNY Mellon Investment Adviser will pay US$1.5 million to settle charges brought by the Securities and Exchange Commission (SEC) for misstatements and omissions about ESG considerations in making investment decisions for certain mutual funds that it ...

Beware super home buyer collateral damage: ISA

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
The Coalition's super home buyer proposal could leave thousands worse off, even if they don't access the scheme, Industry Super Australia (ISA) has said. ISA said that under the super home buyer scheme, funds would be forced to carry more cash. As cash ...

Tesla axed from the S&P 500 ESG index

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
Tesla has been booted from the S&P 500 ESG index due to its low S&P Dow Jones Indices (DJI) ESG score. In an S&P DJI ideology blog, North American head of ESG indices Margaret Dorn said that Tesla had fallen into the bottom 25% of its industry group ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
Allianz Global Investors and three of its former portfolio managers have been charged by the US regulator over a multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission ...

Former adviser sentenced over dishonesty

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
A former financial adviser will serve a three-year correctional order, including home detention, for providing fabricated evidence as part of an ASIC investigation. Ezzat-Daniel Nesseim was sentenced to a three-year intensive correctional order after ...

Charges laid in lengthy ASIC investigation

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
A former financial adviser who was permanently banned in 2016 for using close to $2 million in client funds for his own use has now been charged with 17 offences related to the alleged fraudulent transfer of shares to himself. Ashley Howard of Hobart ...

Remembering Steve Williams

JAMIE WILLIAMSON  |  THURSDAY, 12 MAY 2022
ClearBridge Investments has led tributes to its head of intermediary sales Steve Williams, who passed away last week following a short illness. Williams - affectionately known as Willo - passed away last Thursday, ClearBridge confirmed in a LinkedIn ...