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Showing 1241 - 1250 of 4606 results for "RAISE"

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
Westpac has been ordered by the Federal Court of Australia to pay $9.15 million over poor financial advice provided by just one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest ...

Zenith acquired by private equity firm

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... being an early backer of Aussie tech darling Canva, and currently has over $650 million in funds under management. A capital raise earlier this year saw Five V secure more than $350 million for its third fund. While the price paid for Zenith hasn't been ...

Responsible entity declares insolvency

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
The responsible entity for the Australian Corporate Bond Trust has placed itself into voluntary administration. Theta Asset Management has appointed Worrells Solvency and Forensic Accountants as administrators of itself and Value Stream Investment Management. ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
APRA has launched a formal investigation into Westpac for possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... Powell: "Our economic outlook remains a favourable one despite global developments and ongoing risks." Nor would the Fed raise the fed funds rate (at least for all of 2020). The latest dot plot of FOMC participants' assessment of appropriate monetary ...

Sam Henderson attempts to set record straight

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
Former financial adviser and TV show host Sam Henderson has spoken out for the first time since his Royal Commission appearance and subsequent ASIC ban, taking to the XY Adviser podcast to describe the impact events of the last 18 months have had on ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... investigation into these matters. We don't rule out taking further action against Avanteos should ASIC's inquiries raise additional matters of prudential concern." In this instance, APRA is unable to wield its new civil penalty powers under the ...

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
ASIC has commenced action in the Federal Court in Western Australia focused on the promotion and management of the Sterling Income Trust. The regulator said the action is against Theta Asset Management, an Australian financial services licensee and ...

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
... regulator today said its review found that several internal market making practices (on which non-transparent active ETFs rely) raise market integrity concerns. "In particular, the use of the fund's portfolio composition information by the responsible ...

Active ETF review results imminent

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
ASIC will meet with key players in the active ETF space this afternoon and is expected to release the findings of its review of the sector as early as this evening. The corporate regulator has invited product issuers, market makers and the exchanges ...