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Showing 1261 - 1270 of 6076 results for "Commission"

SEC charges COVID-19 microcap scammers

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... to capitalise on the COVID-19 pandemic through the illegal sale of microcap stocks. The US Securities and Exchange Commission allege the scheme, boosted by promotional campaigns, generated more than $37 million (US$25 million) from penny stock sales. ...

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
The Australian Taxation Office has announced a streamlined approach for tax time to allow people to easily claim tax deductions for work from home arrangements. Assistant commissioner Karen Foat said the ATO has a range of different approaches to support ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... corporate offences but could not share that evidence with ASIC. The new powers were again recommended during the Royal Commission. The Financial Sector Reform (Hayne Royal Commission Response - Stronger Regulators (2019 measures)) Bill 2020 explanatory ...

Research firm bolsters executive leadership

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
... including by helping advice firms break away from large institutions and their "inherent conflicts". "The Hayne Royal Commission has been a catalyst for change for advisers, investors and fund managers," Purcell said. "Nearly 80% of advice AFSLs have ...

COVID-19 inspires pump and dump scheme

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... he claimed a company he was trading stocks in had developed a special COVID-19 test. The US Securities and Exchange Commission (SEC) has filed a complaint against Jason Neilson, saying he pumped up the price of Arrayit Corporation before dumping stock. ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... put out in relation to action on financial advisers. Yazbeck said in a paper that after ASIC came out of the Royal Commission worse for wear and he has observed the regulator "flexing their muscles" on the financial advice industry. "I've observed several ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... unforeseen consequences. "Risk and compliance functions are undoubtedly under immense pressure following the Banking Royal Commission and now, with COVID-19," Accenture Australia and New Zealand managing director Tales Lopes said. "In fact, COVID-19 ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... "ASIC considers that CBA's conduct in this matter, which was examined in detail during the Financial Services Royal Commission, was the result of inadequate systems and processes," he said. "Because of its conduct, CBA failed to deliver its AgriAdvantage ...

Senator criticises lazy super system

JAMIE WILLIAMSON  |  FRIDAY, 5 JUN 2020
Senator Jane Hume has said the compulsory nature of superannuation allowed super funds to become lazy, creating inefficiencies in the system. She has also hinted the government will soon turn its attention back to the Productivity Commission's recommendation ...

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
When the going gets tough... the European Central Bank (ECB) gets more policy provision going. At its June 4 Governing Council meeting, the central bank raised the size of its Pandemic Emergency Purchase Program (PEPP) by €600 billion to a total of ...