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Showing 131 - 140 of 1607 results for "Investigation"

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... processing the death benefit claim not occurred. Financial Standard contacted AustralianSuper regarding the ASIC investigation, and it reiterated comments from November, with Kerlin saying the fund is committed to putting members first but conceded ...

ASIC initiates ASX outage probe

JAMIE WILLIAMSON  |  MONDAY, 3 FEB 2025
ASIC has officially commenced an investigation into the ASX outage that occurred in late December. On 20 December 2024, the ASX experienced a "technical issue" on its CHESS Batch Settlement that disrupted and delayed several days' trade settlements. ...

Former adviser pleads guilty to $1m theft

MATTHEW WAI  |  MONDAY, 3 FEB 2025
... Anthony Torre was charged with five counts of stealing and eight counts of fraud in June 2022 following an ASIC investigation; Torre entered a plea of not guilty for all charges on 13 July 2023, with the matter consistently been adjourned since. On January ...

ASIC names new chief executive

MATTHEW WAI  |  FRIDAY, 17 JAN 2025
... since he joined as a graduate in 1996. He previously served in executive general manager roles and is known for his investigation and enforcement capabilities through his experience in litigating high profile matters against Volkswagen, Coles, and Apple ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... adequately supervise" its authorised representatives and corporate authorised representatives (CARs), following an ASIC investigation. Sanlam has subsequently entered a court enforceable undertaking and will need an ASIC-approved independent expert to ...

AFCA completes independent review of operations

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... In addition it also delivered clarity about the respective roles of AFCA and regulators in the identification and investigation of systemic issues; transforming the systemic issues and funding models; developing a new case management system and customer ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... an existing investment. "These included 11 files that contained deficiencies relating to each adviser's lack of investigation and assessment of the underperforming option," Kirkland said. "These deficiencies were a major factor in the advisers failing ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... superannuation and using platforms linked to Macquarie Investment Management and Equity Trustees Superannuation. "The investigation to date suggests that potential investors were called by lead generators and referred to personal financial advice providers ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... issued a statement stating the organisation takes these matters very seriously and has been co-operating with the investigation. "We have focussed significant resources on addressing learnings from the incident and implemented a series of improvements ...