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Showing 171 - 180 of 606 results for %22Exchange Commission%22

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... Pinto confirmed the agreement was made between the companies some years ago so that surpluses would be paid to SLSL in exchange for what are described as "additional services." Tax surpluses arose when SPSL collects 15% of every superannuation contribution ...

Conflict of interest too great for NULIS: Royal Commission

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
... advice licensees that it was paying carried out a proper review to determine whether or not services had been provided in exchange for fees," Hodge said. Smith responded: "I think the trustee expected that would happen. Potentially with the benefit of ...

ASIC identifies potential risks in ETP market

KANIKA SOOD  |  FRIDAY, 3 AUG 2018
ASIC has identified three potential risks in the $40 billion market for exchange-traded products, following a review triggered by SMSFs and retail investors' growing investment in the vehicles. The three risks in the ETP markets were: temporary widening ...

Chief economist update: ECB on track for exit

BENJAMIN ONG  |  FRIDAY, 27 JUL 2018
... to say about Trump's accusation that the ECB is deliberately weakening the euro: "We said several times that the exchange rate is not a policy target; that it's important for growth and price stability. There is an international consensus that ...

AZ NGA merges embattled advice firm

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
... In April 2018, then-Henderson Maxwell chief executive Sam Henderson was called before the financial services Royal Commission where it was revealed he had instructed employees to impersonate clients on several occasions and provided advice that would ...

Parametric expands alternative risk premia offering

KANIKA SOOD  |  TUESDAY, 26 JUN 2018
... features designed to avoid over-complication and reduce the impact of real-world portfolio costs like brokerage, foreign exchange commissions and taxes." Parametric has $310 billion in assets under management globally. Its Australian division is a majority-owned ...

ASIC wants industry views on short selling

DARREN SNYDER  |  TUESDAY, 15 MAY 2018
ASIC is reviewing its approach to short selling, including a proposal which would allow market makers of certain exchange-traded products to naked short sell units in an ETF or a managed fund. The law enforcement agency is seeking feedback on several ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... regulator has been going after ICOs that don't meet regulatory requirements. In December, the US Securities and Exchange Commission stepped up to halt the ICO of a blockchain meal review app Munchee that sought to raise $15 million. SEC argued Munchee's ...

Chief economist update: A$ falls to the occasion

BENJAMIN ONG  |  WEDNESDAY, 2 MAY 2018
... thank you very much! While the European Central Bank and the Bank of Japan struggle to keep their respective currency's exchange rate low, the market is doing it for Australia sans a single bullet shot - a cut in in interest rates or QE - to get the ...

US regulator to extend fiduciary rule

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... confusion around the differing standards to which different industry professionals are held. The Securities and Exchange Commission is proposing to enhance the quality and transparency of investors' relationships with investment advisers and brokers ...