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Showing 221 - 230 of 2063 results for "Application"

SSGA appoints new chief operating officer

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
... officer of their wealth and asset management divisions. In that role, he was responsible for technology strategy, application design and development, third-party product integration and production management of the technology platforms supporting the ...

Where does the world's largest active manager say to invest?

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
Capital Group - which has US$2.7 trillion in equity assets under management - has identified three megatrends poised to upend industries and kick down the doors to fresh investment opportunities. The Californian headquartered investment manager, that's ...

Court freezes assets of Keystone AM managed fund

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... As the hearing was held in their absence, Keystone and Chiodo have not yet had the opportunity to respond to ASIC's application. A further Court hearing is listed to take place on Tuesday, 25 June 2024. This action follows previous action that ASIC took ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
The rapid expansion of artificial intelligence (AI) applications in the financial advice industry has led to a prediction that ASIC could soon incorporate AI into its compliance and audit checks of advisers. Financial technology firm Padua envisions ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... ASIC's decision to cancel the AFSL. Following an interlocutory hearing on 31 May 2024, the AAT refused XTrade's stay application. This means that XTrade's AFSL remains cancelled until a final decision is made by the AAT on the substantive review appl ...

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500. The Brisbane District Court sentenced three women from Queensland, whose identities were not revealed, for submitting ...

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... proceedings commenced against him by ASIC and while there was an ongoing ASIC investigation into his conduct. Following an application by ASIC in 2019, a Queensland magistrate issued a warrant for Ali's arrest, and in November 2021 he was arrested in ...

Magellan advances MGF conversion to open class

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... a booklet for unitholders containing the notices of meetings and explanatory memorandum. The RE has also filed an application with the Supreme Court of New South Wales for a hearing to obtain judicial advice under section 63 of the Trustee Act 1925 (NSW) ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
Generative AI, a rapidly advancing form of deep learning that mimics human output, also raises concerns about the verifiability of its results, UTS industry professor - emerging technology Nicholas Davis says. Appearing at the Stockbroker and Investment ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... director of Swinsure which was authorised from 1 July 2020 to 30 July 2020. On 21 December 2022, Sweeney filed an application at the AAT seeking a review of ASIC's decision. On 26 April 2024, the AAT found that a permanent ban was appropriate as the ...