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Showing 111 - 120 of 159 results for "Trio"

SPAA: Last resort compensation scheme needed

LINDA HAUSKEN  |  WEDNESDAY, 23 MAY 2012
... address a problem that impacts the whole financial services industry, including superannuation," said Slattery. "In the case of Trio it was the product providers who committed the fraud and the compensation was paid to the APRA regulated superannuation ...

FOFA misses the mark on investment fraud

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
A finance industry lawyer has warned that the FOFA regulations will not prevent Trio, Storm and Westpoint-type disasters from occuring in the future. "There has been no real change to rules making early detection and pre-emptive enforcement easier against ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
... Services has expressed strong concern over lack of follow-up from regulators and criminal authorities in the wake of the Trio Capital collapse. In the report on the largest superannuation fraud in Australian history, costing investors $176 million in ...

Compensation report finds against last resort scheme

RACHEL DAVIS  |  WEDNESDAY, 9 MAY 2012
... arrangements. Getting these arrangements right is essential - one only needs to consider the recent corporate collapses like Trio, Westpoint and Storm to appreciate this." The FPA has welcomed the St. John report's findings. "This is a thorough review. ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
APRA has accepted an enforceable undertaking from a sixth former director of Trio Capital. John Godfrey was a non-executive director of Trio between February 2005 and June 2007, as well as being chair of the board from June 2005 to February 2007. Godfrey ...

Trio super victims receive compensation

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... set to be pumped into the super accounts of over 5,000 people whose retirement savings were defrauded in the collapse of Trio Capital from today. The government is granting the financial assistance to members of four APRA regulated funds, including the ...

ASIC continues Trio crackdown

CLAIRE MCGREAL  |  THURSDAY, 2 FEB 2012
The investigation into the collapse of failed fund manager Trio Capital continues, with the banning of another figure with ties to the firm. Tony Maher, who changed his name from Paul Gresham, has been permanently banned from working in the Australian ...

Research houses in regulatory spotlight

CLAIRE MCGREAL  |  WEDNESDAY, 16 NOV 2011
... In June, the Parliamentary Joint Committee on Corporations and Financial Services decided to inquire into the collapse of Trio Capital with particular reference to the role of rating agencies and research organisations in product promotion and confidence. ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
The Australian Prudential Regulation Authority has accepted an enforceable undertaking from the remaining Trio Capital director David O'Bryen. Under the terms, O'Bryen will not act as a trustee or as a responsible officer of a body corporate that is ...

Trust company considers outsourcing while MITs drive growth

MATT WOODINGTON  |  TUESDAY, 18 OCT 2011
... some significant corporate mandates, which were expected to take place earlier this year. These include Cube Logistics and Trio, where those expirations have taken longer than anticipated, meaning that the company has continued to receive fees. Much ...