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Showing 161 - 170 of 890 results for "Failing"

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... AI. "In 2022, the Federal Court found that RI Advice breached its licence obligations to act efficiently and fairly by failing to have adequate risk management systems to manage its cybersecurity risks," Longo said. "It's certainly not a stretch to apply ...

Gender pay gap reporting to be scrutinised

ROSE MARY PETRASS  |  WEDNESDAY, 31 JAN 2024
... this is the first time the information will be made publicly available. In Australia, women's salary increases are failing to keep up with men. According to the WGEA, Australian women earn 87 cents for every $1 men earn on average. In the next 12 ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... Nielsen, and Peter Daly breached numerous obligations in their roles as directors between 2015 and 2018. This included failing to obtain member approval for related-party loans, and exercise care and diligence. In 2019, the registered scheme operated ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... issues as fraudulent. ASIC alleged Zurich, the legal successor in the case, breached its duty of utmost good faith by failing to consult the financial adviser who'd assisted the nurse in her application process, and by not adequately notifying her of ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... penalty proceedings against Adam Blumenthal, the director of investment bank EverBlu Capital, for alleged market rigging and failing in his duties as a director to manage conflicts of interest. The case will also look at Blumenthal's duties as a ...

Former AMP adviser banned by ASIC

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
... competence. ASIC highlighted Mink's professional lapses, including placing himself in a position of conflict of interest, failing to manage that conflict adequately, providing subpar advice to clients, distributing confusing advice documents to clients ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... laws about eight years ago. In October, the court found the banking giant had contravened continuous disclosure laws by failing to tell the market its underwriters had filled a $790 million shortfall when raising $2.5 billion from institutional investors. ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... risk, and that controls are implemented to protect key assets and enhance cyber resilience," he has said previously. "Failing to do so could mean failing to meet your regulatory obligations."

Nomura offshoot fined by ASIC disciplinary panel

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
ASIC's Markets Disciplinary Panel (MDP) has fined a Nomura subsidiary almost $700,000 for failing to comply with market integrity rules. Instinet Australia, the local arm of the global, Nomura-owned stockbroker, was issued the infringement notice after ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... will fork out $4 billion to resolve the Justice Department's investigation and Zhao, who has also pleaded guilty to failing to maintain effective anti-money laundering, will also step down from the top job. In June, the SEC announced it was suing ...