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Showing 171 - 180 of 472 results for "ASIC Commissioner"

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... the persons the securities were allocated in the placement and the number of securities they were allocated. ASIC commissioner John Price welcomes the additional transparency measures, saying directors should act in the best interest of the company in ...

Former financial adviser permanently banned

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... his clients about the value of their investment portfolios in an effort to cover up his theft. At the time, ASIC commissioner Danielle Press said: "Clients need to be able to trust their financial advisers, and in this case, Mr Gibbs breached that tr ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... arguing he had significantly impacted his victims lives in order to fund his lavish lifestyle. Worse still, ASIC commissioner Danielle Press said Nowak had acted deliberately. "Mr Nowak deliberately misled his clients and used their funds for his own ...

Super funds must prioritise liquidity: Regulators

HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
... directing super funds to prioritise liquidity. In a joint letter sent to all registrable superannuation entities, ASIC commissioner Danielle Press and APRA deputy chair Helen Rowell have directed the industry to align themselves with the regulators in ...

Former AMP adviser sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... his own benefit. The sentence shows the court's approach to deterring dishonest acts such as these," said ASIC Commissioner Danielle Press. As Martin was sentenced in the NSW District Court, the judge was clear in his disapproval of the adviser's ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... reporting entities to ensure compliance with their reporting and monitoring obligations under the ASIC Rules," ASIC commissioner Cathie Armour said. Compliance with the infringement notices is not an admission of guilt or liability, ASIC said. On the ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... satisfied similar regulatory supervision and outcomes will be achieved by equivalent overseas requirements. ASIC commissioner Cathie Armour said the regulator's new framework was designed to ensure wholesale investors could continue to access the opportunities ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... be satisfied members have given consent for advice fees to be paid from their superannuation choice account. ASIC commissioner Danielle Press said: "The government proposes to introduce legislation implementing the Royal Commission recommendations from ...

Accountant convicted in fee no service scam

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... information. Offending of this nature undermines public confidence in the share market and public companies." ASIC Commissioner John Price said: "Making false and misleading statements is a serious offence and ASIC will take action when an accountant's ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... the loans on time". It argues Houwing was not "adequately trained or competent to provide financial services". ASIC Commissioner Danielle Press said behaviour like Houwing's tainted the reputation of the financial advice system. "The failure of financial ...