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Showing 121 - 130 of 718 results for "Misconduct"

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
... monitor and hold to account not only financial advisers but also unlicensed operators. "Our members also actively report misconduct that they encounter, to ASIC directly as well as through us, and become very frustrated if ASIC does not act on their ...

CSLR makes inaugural payments

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... financial services industry and the professions that support it. This crucial safety net for victims of financial services misconduct is now in place and those who have experienced financial loss through no fault of their own are being compensated," ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... clients and did not act in good faith. Further, ASIC found that XTrade failed to prevent its representatives engaging in misconduct over many years and failed to ensure that they underwent adequate training. XTrade applied to the Administrative Appeals ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... Constant said insider trading was a major problem in Australia and the regulator is determined to crack down. "Now, misconduct damaging market integrity, including insider trading and continuous disclosure breaches, for this reason, is an enduring enforcement ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market. In a bid to promote the development of sustainable finance ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... controlled. He did so by making dishonest and misleading statements, ASIC said. ASIC did not say over what period the misconduct took place, however Dzawo was most recently licensed by Quadrant First, which is a wholly owned subsidiary of Spirit Super. ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... practices. We expect ASIC to now follow up with strong enforcement action against trustees and advisers to deter future misconduct." Since the review wrapped in March 2023, Constant said there has been some response from the participating trustees in ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... decision emphasises that market participants cannot solely rely on automated trade monitoring systems to detect potential misconduct and must take immediate action once alerted to misconduct by ASIC." The MDP's Infringement Notice outlined that "this ...

AFCA and CSLR sign MoU

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... important in effectively discharging our responsibilities." Berry said: "For the CSLR to support victims of financial misconduct, it is vital we have clear and transparent procedures in place with AFCA to support effective and efficient outcomes." The ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... Longo said the penalties imposed by the court were significant and should act as a deterrent to engaging in market misconduct. "They are a timely reminder to directors of their obligations, including to avoid conflicts of interest, and that serious consequences ...