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Showing 1251 - 1260 of 3712 results for "Order"

Publisher slammed for Future Fund claim

HARRISON WORLEY  |  MONDAY, 2 SEP 2019
A publishing house that claimed investors could mimic the performance of the Future Fund has been slapped with a $600,000 fine by the Federal Court. Online publishing company Port Phillip Publishing (PPP) has been ordered to pay a $600,000 penalty by ...

Client ethics the future of advice

ELIZABETH MCARTHUR  |  THURSDAY, 29 AUG 2019
... something bigger. Research has shown people, especially women, actually are willing to give up some financial returns in order to have their ethics." Payne asked the advisers in the room to consider what kind of companies their ethics would rule them ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
Houston, we have a problem - a gigantic one! Talk about spoiling everybody's weekend. Wall Street fell sharply at the close of last week's trading. Was it due to disappointment over US Fed chair Jerome Powell's much-anticipated words at ...

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... announced it will be "reforming and improving the formation mechanism of LPR [loan prime rate] - effectively a rate cut - in order to "use market-based reform methods to help lower real lending rates." How good is that? China's stimulating its economy ...

Former financial adviser charged

HARRISON WORLEY  |  TUESDAY, 13 AUG 2019
A former financial adviser who was banned from providing financial services by ASIC in 2018 has been charged with five counts of dishonest conduct. Mark Damion Kawecki has been charged for allegedly using false or misleading information in applications ...

AMP advisers to fight BOLR changes

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2019
... when the adviser retired. Further, many of AMP's advisers have taken on significant debt - largely through AMP Bank - in order to buy or expand their books. Macdonald said that, in many cases, advisers put up their family homes as security in doing so. ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
Finclear Execution has paid a penalty of $70,000 for failing to comply with on-market buy-back rules. The Markets Disciplinary Panel (MDP) found Finclear contravened market integrity rules in relation to a pre-arranged crossing in April 2018 for an ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
... buy-back valuations slashed as a result and further claim AMP is using 2019 compliance standards to reassess historic audits in order to do so. In short, businesses are being downgraded on the basis of standards and processes that didn't actually ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere. Releasing its full year results today, the bank has confirmed it will commence the assisted closure of Financial ...

Woodford suspension extended again

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... suspension of dealing is likely to last until early December while we implement the strategy to re-position the portfolio in order for the fund to be re-opened at that time, and which is conditional upon achieving the target fund profile." Link assured ...