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Showing 1351 - 1360 of 3712 results for "Order"

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
ASIC's enforcement arm must wrangle more muscle but it should be separated from the regulator's day-to-day dealings with its subjects, the Royal Commission final report said. Commissioner Kenneth Hayne said when ASIC identifies misconduct, its starting ...

Commonwealth FP fails to meet EU obligations

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Hours before the final report from the Royal Commission goes public, Commonwealth Financial Planning has been ordered by ASIC to stop charging ongoing service fees. It is also barred from entering any new ongoing service arrangements with customers. ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
A Ponzi scheme that allegedly duped 8400 retail investors in the US has been ordered to pay US$1 billion in penalties and disgorgement. Woodbridge Group of Companies LLC and its former owner and chief executive Robert H. Shapiro lured retail investors ...

Chief economist update: Anatomy of an RBA rate cut

BENJAMIN ONG  |  WEDNESDAY, 30 JAN 2019
I've got chills, they're multiplying and I fear that the RBA is about to lose control. Apologies for sounding like doctor gloom lately but the list of stats indicating that the Australian central bank would be forced into a counter-offensive ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... commissioner. Former Principal Global Investors chair David Hoare was awarded a Companion (AC) in the General Division of the Order of Australia. He was recognised for his eminent service to the finance and business sectors, as well as telecommunications ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
... are generally sensible and consistent with, for example, APRA's preference for super funds to reach a critical size in order to pass the benefits of scale onto members. "Reducing the risk that members have multiple funds is a very sensible aim, however ...

Chief economist update: Don't buy now, Australian property will be cheaper

BENJAMIN ONG  |  WEDNESDAY, 23 JAN 2019
Last week, the Australian Financial Review (AFR) published a piece headed: "Capital Economics becomes fourth forecaster to call for RBA rate cut". It talked about the "independent macroeconomic research" company joining AMP Capital and Industry Super ...

NSW adviser banned for 25 years

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
... insufficient assets to meet its AFSL requirements; and did not document client investments adequately. The Court declined to order the winding up of a third company related to Miller (BDM Asia Pacific Pty Ltd, formerly known as CFS Corporation Pty Ltd) ...

Former adviser faces Supreme Court

JAMIE WILLIAMSON  |  THURSDAY, 17 JAN 2019
A former financial adviser will face ASIC in the Supreme Court of Queensland for operating an unlicensed advice business and receiving kickbacks from property developers for referring investors. The corporate regulator has commenced proceedings against ...

MLC Life welcomes board member

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... Nippon Life means the insurer is committed to "leading Australia's life insurance industry in technology and innovation in order to deliver a great experience for our customers while being responsive to their changing expectations." "Attracting people ...