Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 35 results for "Options trading"

SEC fines UBS Financial Services over fraud charges

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... In the US, UBS Financial Services has agreed to pay US$25 million to settle fraud charges related to a complex options trading strategy it sold to investors without adequately educating their financial advisers on the product's risks. The Yield Enhancement ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... The fraud is believed to have started in January 2016. The SEC said the "immense downside risks" of the complex options trading strategy were concealed when marketed and sold to investors, and ultimately led to a loss of about US$5 billion in the crash ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... customers' accounts; how much buying power or negative buying power customers had. Robinhood also offered options trading to customers in December 2017 and failed to exercise due diligence before approving trades. It relied on algorithms it called ...

Financial services firm names new directors

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... boasts extensive knowledge in the areas of financial planning and investment advice, specifically in equities and options trading. Parker has worked in financial services since 1981 and is a master stockbroker member of the Stockbrokers and Financial ...

Judgement delivered in binary options fraud

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... with Eustace Senese and Yoav Ida, breached the Corporations Act by providing paying agency services to binary options trading company One Tech Media, allowing the firm to collect funds from Australian customers using two trading websites. Ida and Senese ...

What's next for income-focused funds

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... where income-focused strategies fit [in Australia] because ASX companies tend to pay higher dividends and having options trading skills in overseas markets is not a skill seen here," Wilkinson said. Australian equities income-focused funds have some ...

ASIC bans Gold Coast adviser

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... April 2015 and April 2016 which did not comply with financial services law. The delegate said Peters conducted options trading on behalf of his clients on a discretionary basis without their authorisation and in breach of his authorisation from Pulse ...

Saxo Capital Markets adds share options to platform

MARK SMITH  |  MONDAY, 5 MAY 2014
Saxo Capital Markets Australia has enabled stock options trading on its platform for both retail and institutional investors. The launch will enable clients of Saxo Capital Markets to both consolidate their existing portfolios by allowing them to trade ...

Don't deal with Aussie Rob, ASIC warns

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
... misleading statements, such as "Writing covered calls is the same as 'Share Rental' or renting out real estate"; "Options trading is easy"; and, "Returns of 5-10% per month and 60-120% per year can consistently be achieved through use of Lifestyle Options ...

ATO unsure if dividend washing illegal

ALEX DUNNIN  |  FRIDAY, 4 OCT 2013
... franked dividend on these shares. The Special Market is operated by the ASX and was established to facilitate options trading. The regulatory confusion is the ATO is unsure if the practice is specifically illegal: "we do not believe [dividend washing] ...
PAGE:
1
PREVIOUS
NEXT