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Showing 181 - 190 of 718 results for "Misconduct"

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN | FRIDAY, 10 MAR 2023

... recently introduced to Parliament by assistant treasurer Stephen Jones. The updated FAR legislation aims to prevent misconduct that may harm consumers and the financial system. It imposes four sets of obligations on these entities: accountability, key ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI | FRIDAY, 10 MAR 2023

... remediation programs included in ASIC's update relate to customers who suffered loss or detriment due to fee for no service misconduct or non-compliant advice. While it is ASIC's final update, some remediation programs are ongoing. The watchdog said ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN | WEDNESDAY, 8 MAR 2023

... directors and most senior executives. By introducing a strengthened accountability framework, the FAR seeks to prevent misconduct that may harm consumers and the financial system. The FAR imposes four key sets of obligations, including accountability ...

ASIC charges former investment company executives

ANDREW MCKEAN | MONDAY, 6 MAR 2023

... Bridgeman. According to ASIC, the conduct was in violation of s 1309 of the Corporations Act. At the time of the alleged misconduct, dishonest breaches of directors' and officers' duties and knowingly providing misleading information to a financial ...

ASIC acts to combat financial inequality for First Nations people

ANDREW MCKEAN | WEDNESDAY, 15 FEB 2023

... outcomes that require ongoing collaboration and engagement between ASIC and its stakeholders, including reducing harm and misconduct, providing accessible financial products and services, increasing holistic service delivery, and establishing culturally ...

Super, advice class actions dampen CBA results

KARREN VERGARA | WEDNESDAY, 15 FEB 2023

Despite reporting bumper profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial ...

ACCC blitzes social media influencers

ANDREW MCKEAN | MONDAY, 30 JAN 2023

... watchdog is also considering the involvement of advertisers, markers, brands, and social media platforms in facilitating misconduct. ACCC chair Gina Cass-Gottlieb commented: "The number of tip-offs reflects the community concern about the ever-increasing ...

Adviser imprisoned for super fraud

CHLOE WALKER | THURSDAY, 15 DEC 2022

... years in prison for stealing over $35,000 from his clients' superannuation accounts. An ASIC investigation into Goel's misconduct found that between November 2018 and July 2019, the adviser obtained First Nations consumers' superannuation details and ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN | FRIDAY, 2 DEC 2022

... Financial Standard, more than 1600 former clients lodged formal complaints, believing to have suffered a loss due to misconduct related to financial advice. Though, evidently the fact that a complaint has been made doesn't ensure eligibility for ...

Former DASS clients flood AFCA with complaints

JAMIE WILLIAMSON | TUESDAY, 8 NOV 2022

... urged former clients of the group to lodge formal complaints with AFCA if they believe they suffered a loss due to misconduct related to financial advice. As at November 1, more than 1600 former clients have followed ASIC's direction. The body has now ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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