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Showing 201 - 210 of 338 results for "Watchdog"

Six year ban for mortgage broker

LINDA HAUSKEN  |  THURSDAY, 11 OCT 2012
... information that was false and misleading about the income and employment of the borrowers. "In one instance, the corporate watchdog found that Halvorsen had replaced a loan application that had been filled out by the borrowers with another loan application," ...

Hybrid securities back in favour

LINDA HAUSKEN  |  MONDAY, 8 OCT 2012
... there is a growing appetite in the market for the high rate of return this product can offer investors. The corporate watchdog's warnings follows more than $11 billion worth of hybrids issued since the start of the year by big banks and household name ...

Suncorp and Bendigo jump on hybrid demand

LINDA HAUSKEN  |  THURSDAY, 27 SEP 2012
... they are a cross breed of debt and equity and can often be traded on a secondary market such as the ASX. The corporate watchdog has twice issued warnings of the associated risks as inexperienced investors often get dazzled by high yields and trusted ...

Mortgage broker first offender under new law

LINDA HAUSKEN  |  WEDNESDAY, 26 SEP 2012
... Nguyen faces a maximum penalty of two years imprisonment, a fine of up to $11,000 or both, for each charge. The corporate watchdog said he was committed to the District Court for sentence on 5 October 2012, with unconditional bail. The Commonwealth Director ...

Adviser faces court on 22 charges

LINDA HAUSKEN  |  THURSDAY, 13 SEP 2012
... totalling $500,000 from seven client accounts without their knowledge or authority. These charges follow the corporate watchdog's investigation into Veitch's former role as a financial adviser. Veitch was an authorised representative of WealthSure from ...

Adelaide adviser facing sentence

LINDA HAUSKEN  |  MONDAY, 10 SEP 2012
... dishonest conduct including accusations of misappropriating over $3.1 million of client funds. In May 2011, the corporate watchdog permanently banned Bean from providing financial services in order to protect the public, deter similar conduct and maintain ...

Harsh ASIC ban on Seagrim slashed

BEN COLLINS  |  FRIDAY, 7 SEP 2012
... Anne-Marie Seagrim appealed to the independent appeals panel, which reduced the three year ban imposed by the corporate watchdog down to just six months, from 27 June 2011 to December 2011. It was found that their breach of the Corporations Act did not ...

Market Wrap

AAP  |  THURSDAY, 2 AUG 2012
... cents lower at $56.93. Pay TV company Consolidated Media Holdings (ConsMedia) shares started higher after the competition watchdog cleared the way for Rupert Murdoch's News Corporation to buy it. ConsMedia was one cent up at $3.44.

Regulators on post-Trio watch

BEN COLLINS  |  THURSDAY, 2 AUG 2012
Australia's corporate watchdog said it has learnt some lessons in the wake of the Trio fraud, and plans to be more proactive. While admitting that the Australian Securities & Investments Commission (ASIC) could never guarantee that a similar scenario ...

ASIC boosts Stronger Super education program

LINDA HAUSKEN  |  FRIDAY, 27 JUL 2012
... dedicated a new super webpage that will provide information about the reforms and detail new requirements. The corporate watchdog is also proposing to release regulatory guidance on Strong Super at the end of this year. ASIC said it will consult directly ...