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Showing 211 - 220 of 6167 results for "Statement"

Former financial adviser charged in alleged $160k super fraud case

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
... north-west, accused of hoodwinking five individuals out of over $160,000 from their self-managed super funds (SMSFs). A statement from Police NSW said officers began an investigation after five individuals reported unauthorised access to SMSFs in November ...

FAAA calls for stronger consumer protections in advice reforms

ANDREW MCKEAN  |  WEDNESDAY, 7 MAY 2025
... charging and quite unreasonable," it said. Meanwhile, it said that it should be mandatory that a super nudge include a statement that the prompt doesn't consider the member's individual circumstances, and that they should seek personal financial advice ...

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... action to remediate the repeated failures and underlying governance and supervisory failures." Macquarie Bank said in a statement that it "takes its role as a licensed entity extremely seriously, including the importance of ensuring the integrity of ...

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... support the inquiry taking place. "However, it was effectively terminated as a result of the election," Anderson said in a statement to Financial Standard, adding that "we will need to wait for the parliament to return to re-instate the Senate inquiry." ...

ASIC bans unlicensed WA adviser

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
The Australia Securities and Investments Commission (ASIC) has made an order to permanently ban former Western Australia based financial adviser Neville Kendrick. Kendrick has been banned from providing any financial services, performing any function ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
Defunct advice firm Equiti Financial Services, since renamed DOD Bookkeeping, which has been placed into liquidation, has been slammed with an $11.03 million penalty for providing "cookie cutter" advice and breaching conflicted remuneration laws. Equiti ...

Government to 'crack down further' on financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 23 APR 2025
... Women, launched yesterday by Labor senator Katy Gallagher and minister for social services Amanda Rishworth. In a joint statement, the ministers said the government's plan places a new focus on ending financial abuse - "a fast growing and insidious form ...

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
The Shield Master Fund (SMF) has been terminated while its responsible entity Keystone Asset Management (KAM) has been appointed a new receiver and administrator. The troubled SMF was terminated on April 10 after the new receiver, Alvarez & Marsal ...

Coalition targets 'ambitious' goal of 30k advisers

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... "ambitious target" to rebuild the advice industry to 30,000 advisers. The numerical target would also be embedded in ASIC's Statement of Expectations and would serve as a guiding principle, ensuring financial advice regulation must be focused on reducing ...

GESB expands leadership team

JAMIE WILLIAMSON  |  MONDAY, 14 APR 2025
... functions, information security, records and data management, risk and compliance, IT services, and people and culture. In a statement to Financial Standard, GESB said the creation of the new executive roles supports changes to internal business unit ...