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Showing 1911 - 1920 of 4930 results for "MIS"

Retirement review goes off the rails

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
Superannuation experts are concerned the retirement income review may be getting out of hand, evidenced by numerous stakeholder submissions straying from the consultation guidelines by proposing a complete transformation of the super system. At the ...

Hollywood actor charged by SEC

ELIZA BAVIN  |  FRIDAY, 28 FEB 2020
The US Securities and Exchange Commission charged a prominent actor for failing to disclose payments he received for promoting an investment in a bitcoin offering. The SEC found Steven Seagal had not disclosed that he was promised $380,000 (US$250,000) ...

Court punishes OTC derivative issuers

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
Three over-the-counter derivatives providers have been found guilty of contravening their AFSL licences by using account managers to pressure retail investors into purchasing products which lost investors more than $30 million. The Federal Court has ...

ASIC turns up the heat on enforcement

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
One year on from a Royal Commission lambasting, ASIC is continuing to increase its efforts to chasten large institutions for misconduct, latest enforcement activity numbers show. In its latest six monthly report into its enforcement and regulatory work ...

Sargon finds buyer for trustee business

KANIKA SOOD  |  THURSDAY, 27 FEB 2020
Sargon has found a buyer for its trustee and responsible entity businesses, as OneVue and Taiping Trustees chase the ultimate holding company for outstanding payments. Ernst and Young this morning said it has entered into an exclusive sale agreement ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
Shine Lawyers today commenced a new class action against IOOF on behalf of shareholders. Shine Lawyers conducted an investigation into misconduct at IOOF which included obtaining a Federal Court order for IOOF to produce documents relevant to the alleged ...

SG amnesty bill finally passes

HARRISON WORLEY  |  TUESDAY, 25 FEB 2020
The government's superannuation guarantee amnesty bill was waved through the Senate yesterday, almost two full years after it was first introduced to the parliament. The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 yesterday ...

SMSF property adviser pleads guilty

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
The director of a 'one-stop-shop' for SMSFs has pleaded guilty to 17 counts of aggravated deception and one count of dishonest dealings with documents. George Nowak, director of EJ Property Developments, formerly Charterhill, entered the guilty plea ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
Wells Fargo will fork out $4.5 billion to resolve the fake account scandal that has continued to rattle the world's fourth largest bank since 2016. The $4.5 billion (US$3 billion) settlement with the Securities and Exchange Commission (SEC) and ...

Former AMP, Synchron adviser charged

HARRISON WORLEY  |  FRIDAY, 21 FEB 2020
A former AMP and Synchron financial adviser has been brought before the courts for allegedly using the retirement savings of clients to fund his own lifestyle. Townsville's Anthony Vivian Dick has been charged with 11 counts of dishonestly applying ...