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Showing 131 - 140 of 1307 results for "Australian Securities and Investments Commission"

BT pays fines for misleading super statements

STAFF WRITER  |  TUESDAY, 16 JUN 2015
... watchdog said BT Funds Management recently paid more than $20,000 in fines. An Australian Securities and Investments Commission (ASIC) statement said BT paid two infringement notices for misleading statements contained in the online advertising of BT ...

Ghost fund flogger banned

LAURA MILLAN  |  WEDNESDAY, 10 JUN 2015
... website an Exalt Managed Futures Fund, issued by manager Exalt Global Fund. The Australian Securities and Investments Commission (ASIC) found that the fund did not exist and had never existed and that the manager did not operate under any financial services ...

ASIC looking to introduce civil laws to punish corporates

DARREN SNYDER  |  WEDNESDAY, 3 JUN 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has told a Senate Estimates hearing that the big six banks and regional counterparts have no excuse for poor corporate culture. During today's hearing Medcraft said ASIC ...

Banned for taking $4m from SMSFs

LAURA MILLAN  |  MONDAY, 1 JUN 2015
... scheme in the US and British Virgin Islands outside of the jurisdiction of the Australian Securities and Investments Commission (ASIC). An ASIC investigation began in 2011 and found that Royale Capital and ActiveSuper were using investors' money to purchase ...

ASIC bans Macquarie representative

DARREN SNYDER  |  TUESDAY, 26 MAY 2015
The Australian Securities and Investments Commission (ASIC) recently banned a former Macquarie Entities representative from providing financial services for five years. The ban was given to Brett O'Malley of Sunshine Beach, Queensland, after he engaged ...

ASIC and RBA issue property bubble warning

MARK SMITH  |  TUESDAY, 19 MAY 2015
Australian Securities and Investments Commission (ASIC) chairman Grag Medcraft says the Sydney and Melbourne housing markets look a lot like bubbles. "I am quite worried about the Sydney and Melbourne property markets. In housing, the long-term average ...

ASIC budget cuts revealed

MARK SMITH  |  TUESDAY, 12 MAY 2015
Government expenditure for the Australian Securities and Investments Commission (ASIC) is expected to fall by $18 million over the next three to four years, according to projections revealed in the budget. Expenditure is projected to be $350 million ...

Hockey launches Serious Financial Crime Taskforce

LAURA MILLAN  |  TUESDAY, 5 MAY 2015
... Attorney-General's Department, Australian Transaction Reports and Analysis Centre, Australian Securities and Investments Commission, Commonwealth Director of Public Prosecutions and Australian Customs and Border Protection Services. "This type of crime ...

ASIC delays super portfolio disclosure again

STAFF WRITER  |  FRIDAY, 1 MAY 2015
... choice product dashboard requirements has been delayed until 1 July 2016, the Australian Securities and Investments Commission (ASIC) said. The requirements were due to start on 1 July 2015, but the regulator deferred them "to allow the Federal Government ...

Wealthsure to cancel AFS licence

LAURA MILLAN  |  FRIDAY, 1 MAY 2015
... by Sentry Group. WPL has been under an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) since August 2013. The regulator first identified recurring compliance failures within the group in December 2011 and ...