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Showing 1501 - 1510 of 3918 results for "law"

Queensland-based AFSL suspended

ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
... in a statement: "ASIC expects AFS licensees to do all things necessary to meet their obligations under financial services law, comply with their licence conditions and ensure that they are able to provide financial services efficiently, honestly and ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... fair in all the circumstances." "Taking this into account, we will assess the conduct of the financial firm in light of the law, good industry practice and applicable codes of practice as in force at the time of the conduct, rather than retrospectively ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... run any structural deficit at all." Germany's GDP amounted to around US$4 trillion in 2018 - meaning that based on this law, it's deficit spending is capped at US$14 billion (0.35% of GDP) per annum. But with deteriorating economic growth (and ...

ASIC super specialist jumps to law firm

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
A senior specialist on ASIC's superannuation team has taken a consultancy role within a law firm's financial services team. Ruth Stringer joined Herbert Smith Freehills on September 2. She has more than 30 years of experience, most recently at the Australian ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... of North Carolina. Thomas represented himself as a Harvard educated investment adviser and convinced his wife and father-in-law to invest conservatively in US Treasury Bills. He also convinced his own father to invest via his used car warranty company ...

Boutique to launch flagship fund

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... diversity of perspectives - the team is qualified across a broad range of sectors, including outside of financial services such as law and aerospace engineering. Looking ahead, Blue Orbit already has two other strategies in the pipeline with a September ...

Advice firm defrauds retired NFL players

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... fabricated broker fees on settlement advance loans to Howard's clients, the SEC said. The hedge funds were operated out of Howard's law offices, the SEC said. In addition, the regulator pointed out that Reinhard had been previously banned by the SEC ...

APRA slaps traffic light ratings on super funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2019
The prudential regulator confirmed a "traffic light" system aimed at weeding out underperforming superannuation funds is currently in the works. Deputy chair Helen Rowell flagged APRA is developing a heat map based on four key areas -investment returns ...

Publisher slammed for Future Fund claim

HARRISON WORLEY  |  MONDAY, 2 SEP 2019
... regulator's action against it and the declarations and penalties that should be made as a result of its contravention of the law. Additionally, the court ordered a $50,000 fine for former director Kristan Sayce. According to ASIC, the company and AFSL ...

Train of legislation to hit advisers

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
Speaking at the Association of Financial Advisers National Conference, former Foreign Minister Julie Bishop expressed sympathy for the regulatory changes the advice industry is facing. Touching on the Royal Commission, Bishop said the reputational harm ...