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Showing 221 - 230 of 284 results for "Enforceable undertaking"

Opus Capital offers EU olive branch to ASIC

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
Opus Capital has offered an enforceable undertaking to ASIC after the rectification of a condition breach of its Australian financial services licence. The regulator has accepted the offer. Opus Capital, a responsible entity for 14 unlisted property ...

Trio directors accept APRA suspension

ELISE BURGESS  |  FRIDAY, 9 SEP 2011
... hindsight they should have acted differently and regret their actions, with the regulator accepting an enforceable undertaking from the pair. The Australian Prudential Regulation Authority (APRA) accepted the enforceable undertakings (EU) from the former ...

Trio chair ban and Richard jailed

ELISE BURGESS  |  FRIDAY, 12 AUG 2011
... half year jail sentence. The Australian Securities and Investments Commission (ASIC) accepted Andrews enforceable undertaking (EU) offer, whereby Andrews must not act in any role within the financial services industry except as sole director of a small ...

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
The Australian Securities and Investments Commission has axed 59 jobs in the year to May as part of 87 redundancies with a further 68 to go this financial year as part of a $10 million budget cut to the corporate watchdog, dependant on a funding review. ...

Advisory firm directors may challenge ASIC ban

ALISON BEVEGE  |  THURSDAY, 7 JUL 2011
... Capital. The clients have now been compensated. The financial services regulator has also extracted an enforceable undertaking from financial planner Kilara Financial Solutions, who recommended retail investors switch their superannuation holding into ...

Trio director offers EU to APRA

ELISE BURGESS  |  MONDAY, 4 JUL 2011
... Limited (Trio) director, Natasha Beck, has acknowledge her part in the firm's collapse and offered an enforceable undertaking to the Australian Prudential Regulation Authority (APRA), which it has accepted. Faced with a possible disqualification for ...

Rogue trader banned for four years

ALISON BEVEGE  |  FRIDAY, 25 MAR 2011
... through a pooled fund. Andrew Mark Perkin must not provide any financial products or services under the enforceable undertaking signed with the Australian Securities and Investments Commission (ASIC). Perkin, 51, traded foreign currencies from a pooled ...

UBS wealth mgmt to review compliance

ELISE BURGESS  |  FRIDAY, 18 MAR 2011
ASIC has signed an enforceable undertaking (EU) from UBS Wealth Management Australia Ltd to review its compliance culture and frameworks and fix past compliance failures. The fund manager didn't provide statements of advice to 764 retail clients invested ...

Treasury proposes mandatory governance principles

MICHAEL HOBBS  |  TUESDAY, 9 MAR 2010
Treasury is examining whether the ASX's corporate governance principles should extend to all 500 companies in the S&P/ASX All Ordinaries Index instead of the top 300 companies as part of a broader review of the audit industry. The Commonwealth Treasury's ...

Westpoint auditors get just desserts

ASIC RELEASE  |  TUESDAY, 18 AUG 2009
Three KPMG partners have been banned as registered auditors for periods ranging from nine to 24 months following ASIC's crackdown on their roles in the Westpoint collapse. ASIC has accepted enforceable undertakings (EUs) from three partners of KPMG's ...