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Showing 111 - 120 of 718 results for "Misconduct"

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... "unnecessary and potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The Construction, Forestry, Mining and Energy ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... the latter grappled with a string of bad financial advice-related claims dating back several years. One example of misconduct involved ASIC's permanent banning of Ezzat Daniel Nesseim for doctoring documents. He served under Libertas' licence ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
Commonwealth Bank of Australia (CBA) has revealed there were 2259 substantiated cases of misconduct for the year, up from 1122 the previous year. Of those, 18 were cases of sexual harassment or other sex-based harassment, two were a result of bullying ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... on fitness and propriety processes and fund expenditure management has intensified following allegations of serious misconduct in the Construction, Forestry and Maritime Employees Union (CFMEU), including claims of underworld figures and former bikie ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... during its ongoing prudential supervision of AMP Super, along with matters that emerged during the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry. The prudential regulator said that the directions and ...

ASIC to launch new criminal investigation team

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
... Director of Public Prosecutions. "We will continue to invest in data and technology to hunt and detect all forms of market misconduct. As our financial landscape evolves, we will expand our market cleanliness work to capture private markets and products ...

ASIC hits Melbourne adviser with travel ban

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... investigation into King and the King Financial Group of companies. ASIC is currently investigating King for alleged financial misconduct in a network of companies and related trusts. ASIC applied for the travel restraint orders over concerns that King ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... Financial Adviser Register (ASIC FAR) was updated to remove the second appointment after the firm became aware of Vee's misconduct. He was previously licensed through Maven Capital for two months in 2020 and with Smart Solutions Group for the six ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... Senate referred an inquiry into the capacity and capability of ASIC to proportionately respond to reports of alleged misconduct. The inquiry, chaired by Liberal Senator Andrew Bragg, involved five public hearings and received 197 submissions. Handing ...

Former AMP advice lead sues The Australian

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... group suddenly after less than two years, following a story which appeared in the Australian Financial Review alleging misconduct.