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Showing 181 - 190 of 1587 results for "STOP"

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
ClearView has copped an interim stop order on two of its life insurance products after ASIC found deficiencies in its Target Market Determination (TMD). The interim stop order applies to Clearview Life's ClearChoice Income Protection Cover and Accidental ...

Does ESG have a fiduciary issue?

ROSE MARY PETRASS  |  MONDAY, 17 JUL 2023
ESG alone cannot drive value creation, but ESG integration can be used to gain competitive advantage, according to Prequin. The investment data company's latest survey of limited partners featured in Preqin's ESG in Alternatives 2023 report ...

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... eligible for retirement and the Baby Boomer bubble will have all but left the workforce by 2028," the report said. "It doesn't stop there. In 2027, the first of the Baby Boomers will reach their statistical age of death (81 years for men and 85 years ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
Former financial adviser John Wertheimer has been banned by the regulator after he was convicted of using the Netwealth platform to access client accounts and make unauthorised transactions. In May 2020, Wertheimer made 48 unauthorised transactions ...

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... of the products and was deemed to be in the best interests of investors. It also said the decision is not related to the stop orders issued by ASIC earlier this year in relation to "broadly drafted" target market determinations that failed to define ...

Government pledges $2bn to fast-track social housing

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
The government has unveiled a $2 billion Social Housing Accelerator investment to expedite the construction of new social housing across Australia. The Social Housing Accelerator funds will be dispensed to State and Territory governments within the ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... drop, in fact I think it went up," Bedingfield said. "The listed market had already baked this in but it's not going to stop the financial press from pointing to direct transactions and running around with their hair on fire; they do this all the ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... share certificates. Notably, the Pleasure Point Mine offering was one of the first investment schemes to receive an interim stop order from ASIC in July 2022 via the RES Investment Fund. The orders related to misleading statements contained in marketing ...

ASIC chair calls out greenhushing

RACHEL ALEMBAKIS  |  TUESDAY, 6 JUN 2023
Greenhushing - in which companies stop all voluntary disclosure of ESG information - is just another form of greenwashing, according to ASIC chair Joe Longo. In a public speech, Longo provided additional context to the market regulator's focus on ESG ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
Mitrade Global has been hit with the first stop order to be issued under the design and distribution obligations' (DDO) failure to take reasonable steps provision, with the order relating to its distribution of contracts for difference (CFD). The stop ...