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Showing 1331 - 1340 of 3918 results for "law"

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
Wall Street's rally seems to have run out of steam, with the major indexes ending the day of trade in a sea of red. Early in trade the Dow Jones surged 900-points before closing down 0.12%. Similarly, the S&P 500 lost 0.16% and the Nasdaq Composite ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... spurred a fight among financial advisers to retain commissions, amid news big institutions are turning them off earlier than the law requires. The Association of Independent Financial Professionals (AIOFP) has made a submission on the implementation ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... also failed to lodge annual and auditor reports for 2018 and 2019. ASIC determined the licensee had failed to comply with the law and conditions of its AFSL. All three licensees have the right to appeal ASIC's decision and seek a review by the Administrative ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... tension between the technology required to be compliant without face-to-face meetings and how older people actually live. "The law says you have to give notice in writing [for opt-in renewal notices] and it cannot be done by phone unless in a text message," ...

Shortseller ordered to pay $900,000 by court

KANIKA SOOD  |  THURSDAY, 2 APR 2020
The New South Wales supreme court has ordered Bonitas Research and its principal Matthew Wiechert to pay about $900,000 in damages and costs to ASX-listed Rural Funds Management. Texas-based Bonitas, last August, published a report alleging RFF was ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... will occur as a result of the changes caused by Protecting Your Super," a spokesperson for Zurich said. "The changes in the law will significantly vary the risk that insurers hold pre and post the effective date of the changes." The spokesperson acknowledged ...

Super funds' dirty, poor performing stocks revealed

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
New research has revealed the 22 ASX 300 companies - many of which super funds have exposure to - that are polluters and haven't performed well this year. Activist group Market Forces released a new report today, titled Out of line out of time ...

Whistleblowers rewarded US $570k

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... earlier, another whistleblower was awarded US $1.6 million for information that tipped the SEC off to a significant securities law violation. The SEC has awarded approximately US $396 million to 76 individuals for whistleblowing since issuing its first ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... Composite falling 0.5%. In the past two days, the Dow has lifted 14%, its largest two-day rally since 1987. The surge comes as law makers signal the US Senate is close to passing a US$2 trillion stimulus bill, which will provide financial assistance ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
Latest analysis of Australia's superannuation industry shows COVID-19 may prove the catalyst for small superannuation funds to finally pull the trigger and merge. Rice Warner believes the turmoil experienced across financial services will soon force ...