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Showing 221 - 230 of 1369 results for "Corporations"

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... remaining. ASIC deems interviewing Guo critical to furthering an investigation into a potential violation of the Corporations Act, potentially resulting in evidence being submitted to the Commonwealth Director of Public Prosecutions. In particular, the ...

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... After reviewing the financial services provided by Jaidka, ASIC found he failed to adhere to s961B and s961G of the Corporations Act concerning self-managed superannuation fund advice. The regulator said that Jaidka didn't act in the best interests of ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... found guilty, was sentenced to five years in prison. Now, ASIC has made two orders permanently banning him; under the Corporations Act and National Consumer Protection Act, ASIC can permanently ban someone who is convicted of fraud. He can now never ...

Unlicensed crypto investor faces jail time

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
... must only be provided by qualified and licensed financial advisers or financial counsellors, not by individuals or corporations who neither hold an AFS licence, nor are authorised representatives of an AFS licensee," it said. "Crypto assets are highly ...

PGIM names institutional client group lead

ELIZABETH FRY  |  FRIDAY, 2 FEB 2024
... Australian real estate equity and debt strategies via PGIM Real Estate, and providing debt financing to domestic corporations through PGIM Private Capital. Briant said he was "thrilled" to join PGIM when asset owners are rationalising their manager lineups ...

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... and use AI are already subject to various Australian laws. For example, current directors' obligations under the Corporations Act are principal-based and apply broadly, as companies increasingly deploy AI. "In 2022, the Federal Court found that RI Advice ...

Treasury promises flexibility to adviser qualifications

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2024
... demonstrate they satisfy the conditions of an approved degree or qualification. Under draft legislation that amends Corporations (Relevant Providers Degrees, Education and Training Standards) Determination 2021, this can be done with one or more academic ...

ASIC files contempt orders against repeat offender

CHLOE WALKER  |  MONDAY, 29 JAN 2024
... that Fuoco was running Financial Circle from August 2017 to September 2018, despite being disqualified from managing corporations for two and a half years in 2016. Because of the investigation, Financial Circle's AFSL and credit licenses were cancelled ...

Standalone laws key to solving legislative 'porridge': ALRC

JAMIE WILLIAMSON  |  FRIDAY, 19 JAN 2024
... 'confusing maze' of financial services laws, the Australian Law Reform Commission (ALRC) has recommended overhauling the Corporations Act and creating dedicated financial services legislation. The ALRC has been reviewing existing legislation to identify ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
The government has released the Corporations and Competition (CS Services) Instrument 2024, a new legislative proposal aimed at regulating clearing and settlement (CS) services. The proposed instrument, issued under the authority of assistant treasurer ...