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Showing 151 - 160 of 1665 results for "Register"

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... 33,000 shares per day in the year to September. The board argued this makes it challenging for new investors to join the register and existing shareholders to realise value for their shares. A formal request to delist has been submitted to the ASX. However ...

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
The US securities watchdog fined Macquarie Asset Management (MAM) US$80 million after a subsidiary fudged the valuations of collateralised mortgage obligations (CMOs) within a fixed income strategy. Macquarie Investment Management Business Trust (MIMBT) ...

Metrics to list CRE fund

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
A new Metrics Credit Partners real estate fund is set to debut on the ASX, marking the fund manager's third strategy on the exchange. The Metrics Real Estate Multi-Strategy Fund is scheduled to list on or around October 16 under the ticker code ...

Passive funds save $14.4bn in fees: Research

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... expense ratios of Australian-domiciled index funds averaged 22.8 basis points at the start of 2024, while active funds register 90.6 basis points. Index funds had more than $700 billion in assets under management (AUM) at the end of July, of which $168.2 ...

Financial Standard opens Power50 voting

STAFF WRITER  |  MONDAY, 19 AUG 2024
... awareness. All advisers who have progressed to the voting round have been vetted against ASIC's Financial Advisers Register and confirmed as licensed to provide personal financial advice. The 50 individuals who collect the highest votes and pass ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
The financial advice sector could see the number of registered advisers sink to 11,000 and as low as 5500 in 20 years' time, Rainmaker Information predicts. These are some of the scenarios forecasted in the Rainmaker Adviser report. A more optimistic ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... of non-compliance and incompetence at the firm. Despite Hewish's ban being recorded on ASIC's banned and disqualified register, he and UGC, which was placed into voluntary administration last month, are appealing the regulator's decision at the Administrative ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in the 2024 financial year, jumping 9% to more than 105,000. Preliminary numbers show scam-related complaints drove the surge, together with motor vehicle insurance ...