Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1301 - 1310 of 6233 results for "Money"

Foreign exchange brokers banned

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
... including the use of high-pressure sales tactics, for example, by offering incentives to encourage clients to transfer more money to Forex. ASIC noted Yoshai's 10-year ban was a result of his serious lack of understanding and regard for compliance given ...

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
... that it failed to comply with certain financial services laws. Among those breaches include failing to comply with client money reporting rules, lodge financial statements on time, abide to ASIC derivative transaction rules and lodge product disclosure ...

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... chair Greg Combet, Turnbull said whilst he has the upmost respect for his Liberal party colleagues, the suggestion to pull money from super to enter the housing market is ridiculous. "The proposition that super contributions should either not be increased ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... CFS's defence that "there was no influence of the type spoken of in the definition of conflicted remuneration... sums of money were relatively small, payments would or would probably have occurred by way of dividends if there was not an agreement" ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... Westpac. APRA launched the investigation into Westpac last year following allegations by AUSTRAC that Westpac had breached anti-money laundering and counter-terrorism laws. APRA's investigation examined the bank's actions to rectify and remediate the ...

Mawhinney not dishonest, just irresponsible: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... letter to ASIC signed by 28 Mayfair noteholders, the group said that prior to ASIC's intervention not one investor had lost money. "Your action against Mayfair 101 has stripped noteholders of their power to choose who manages their money and where it ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... exposed misconduct by banks and some financial advisors. Now thanks to its findings, they can help consumers claim back their money," Remediator co-founder Claudia Virgona said. "Unfortunately, many consumers don't even know if they're eligible ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... Financial Sector Reform (Hayne Royal Commission Response) Bill was passed, delaying the ban on super trustees using member's money to pay civil or criminal penalties resulting from breaches of the Corporations Act or ASIC Act. The ban will now come ...

ERS disproportionately impacted women

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... those who did access the scheme. The financial impact of the pandemic could very well see more women retiring with less money, particularly for those who have less time to rebuild their balances before they retire," Rest group executive of employer and ...

No more easy 6% returns: Fidelity

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... "Thinking about the defensive portion of our investors' portfolios - if you buy car insurance or home insurance it costs you money to do that, the insurance company doesn't pay you to take out that insurance. Historically, investors have been rewarded ...