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| | | ... screening test was wholly inadequate to assess whether a retail client was likely to be within the target market. ASIC deputy chair Sarah Court commented: "ASIC is concerned eToro's screening test inappropriately exposed clients to the CFD product. ... |
| | | | ... from John Hempton, founder and chief investment officer of hedge fund Bronte Capital, that was sent directly to ASIC deputy chair Karen Chester may have been what triggered the regulator's investigation. Chester and Hempton previously worked together ... |
| | | | ... industries, and investors need to be able to rely on investment screens to help them make these choices," said ASIC deputy chair Sarah Court. "In this case, Vanguard promised its investors and potential investors that the product would be screened to ... |
| | | | ... language. Staff was rewarded with trips to the Gold Coast, Las Vegas, and Hawaii, and even a Vespa scooter. ASIC deputy chair Sarah Court said the penalties handed down on July 4 should remind companies of the importance of putting the customer first. ... |
| | | | ... will pay the benefits promised to them and keep them properly informed if there are changes to their policies," ASIC deputy chair Sarah Court said. "The failings recognised by the Court are the result of poor governance, poor controls, and poor systems ... |
| | | | ... obviously unable to monitor their accounts and were entirely reliant on the representatives of their estates." ASIC deputy chair Sarah Court said: "The AMP companies had been notified that these customers had died, and despite this, continued to charge ... |
| | | | ... insurance, and a reasonable person "in the circumstances could not be expected to have been aware of the condition." ASIC deputy chair Sarah Court added insurers need to ensure that all terms in their contracts, including important pre-existing condition ... |
| | | | ... undermined public confidence in the regulatory regime of the financial services industry. Commenting on the matter, ASIC deputy chair Sarah Court said: "ASIC has taken civil action to freeze assets, assisted liquidators and is now seeing justice for ... |
| | | | ... to ASIC... Importantly those firms account for the large majority of consumer complaints made through IDR," ASIC deputy chair Karen Chester said. "The staged implementation will also allow more time for many smaller firms to prepare for the start of ... |
| | | | ... disappointing to see DDO deficiencies across the board, and by large and small product issuers alike," said ASIC deputy chair Karen Chester. "Poor product design or distribution puts retail investors at risk of financial harm, ending up in products that ... |
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