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Showing 181 - 190 of 1242 results for "Retail investor"

SEC charges duo over church-based fraud

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
A man and his father-in-law were charged by the US regulator for running a $30 million Ponzi scheme in which they targeted churchgoers, gaining their trust with claims their wealth and success was due to divine intervention. According to the SEC, between ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
The regulator issued a warning to investment product issuers after a review found woeful compliance in meeting the design and distribution obligations (DDO). Since last July, ASIC has placed interim stop orders on 26 investment products from 18 issuers ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
First Republic Bank's stock price has nosedived following disastrous Q1 2023 results, marked by enormous deposit outflows and decreased revenues. First Republic's results for Q1 2023 showed a 13.4% decrease in revenues, a 19.4% decrease in net interest ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
CVC has divested a 20% stake in Eildon Capital that will be picked up by another boutique fund manager. ASX-listed CVC announced this morning that it entered into an agreement with Samuel Terry Asset Management to sell its stake so that it can free ...

Soul Patts gives $200m to Pengana offering

CHLOE WALKER  |  WEDNESDAY, 19 APR 2023
Pengana Capital Group (Pengana) and major shareholder Washington H. Soul Pattinson (WHSP) have joined forces to launch a new global credit offering to Australian investors. Already, WHSP has poured $200 million of seed funding into the portfolio, which ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... series of escalating threats to retail investors. The findings will shape ASIC's strategic priorities concerning retail investor harm, focusing on crypto assets, sustainable finance, scams, and Australia's design and distribution (DDO) laws. The report ...

Openmarkets launches custody offering

KARREN VERGARA  |  WEDNESDAY, 22 MAR 2023
The newly revamped trading platform now has a custody capability that holds Australian equities on behalf of retail investors. Openmarkets has partnered with Syfe, an Asia-Pacific investment platform that has offices in Singapore, Hong Kong and Australia. ...

BT's Advance AM hit with stop orders

JAMIE WILLIAMSON  |  FRIDAY, 17 MAR 2023
BT Financial Group has been forced to suspend distribution of three of its Advance Asset Management funds for having non-compliant, "broadly drafted" target market determinations (TMDs). ASIC issued interim stop orders to BT and Advance Asset Management ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
A Senate Economics Committee inquiry will scrutinise the government's proposed changes to franking credits, which target share buybacks and capital raisings. In February, assistant treasurer and minister for financial services Stephen Jones introduced ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
Treasury is commencing its review of the regulatory framework underpinning managed investment schemes (MIS), targeted at identifying gaps and possible areas for improvement. The review was announced as part of the Albanese government's first federal ...