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| | | Eighteen finfluencers have received warnings from ASIC for promoting high-risk products and providing unlicensed financial advice. The warnings were part of a Global Week of Action Against Unlawful Finfluencers, which saw ASIC participate in a coordinated ... |
| | | | ... basics better," targeting duplication, removing barriers to investment, and reducing the cost of doing business, but remarked "not every challenge can be solved by government stepping back." "This is a time where government has to be prepared to step ... |
| | | | ... to the group nine times over a three-week period in September 2021. Each of the defendants in this case purchased some but not all the stocks they conspired to share with the public Telegram group, doing so with the intention of pumping the price before ... |
| | | | Fidelity International has unveiled its first global equity separately managed account (SMA) in Australia, with support from private wealth partner Emanuel Whybourne & Loehr. The Fidelity Global Top 50 ex Australia Portfolio draws on the firm's global ... |
| | | | Superannuation funds had $400 billion invested in private market assets, jumping 34% in the two years to June 2024, Rainmaker Information analysis of APRA data shows. Private real assets, classified as unlisted investments in property and infrastructure ... |
| | | | ... rename ancillary funds to "giving funds" and increase the annual distribution rate. "The increased distribution rate will not apply for five years after amendments are made to the ministerial guidelines. This allows funds to adjust their investment strategy ... |
| | | | ... it. However, ASIC alleges none of the questionnaire answers were reviewed until August 2023, and that Australian Unity did not use the answers to screen prospective investors until 6 October 2023, despite issuing interests in the fund throughout this ... |
| | | | ... aggressively expanded their product suites over the two years to December 2024, launching 34 and 15 new ETPs, respectively - and not just thematic funds. SSGA, by contrast, launched no new ETPs over the period. However, the link between product expansion ... |
| | | | ... that although it "has consistently emphasised the importance of robust cybersecurity, it is clear that current controls are not always commensurate with the evolving vulnerabilities and threats, nor with the criticality and sensitivity of the member ... |
| | | | ... 14 days prior to formal lodgement for review, which ASIC will aim to complete within the period. ASIC will then generally not need to extend the seven-day exposure period to 14 days after lodgement but will retain its ability to use stop orders until ... |
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