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Showing 2471 - 2480 of 3920 results for "law"

Standard Life Inv strengthens strategy team

MARK SMITH  |  MONDAY, 24 NOV 2014
Global investment manager Standard Life Investments has bolstered its global strategy team with the appointment of two executives. Chris Faulkner-MacDonagh joins as market strategist and Alex Wolf has been appointed as emerging markets economist. Both ...

Advisers confronted with harsh reality of whistleblowing

LAURA MILLAN  |  FRIDAY, 21 NOV 2014
Blowing the whistle on rogues within any financial services organisation is hard, stressful and takes a toll on the whistleblower's life, but it is worth it because it makes a difference, former Commonwealth Bank adviser and whistleblower Jeff Morris ...

FoFA opt-in to cause advisers biggest headache

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
Financial planners are frustrated with the sudden and unexpected change to the laws governing financial advice, with some raising particular concerns about the requirement to regularly ask clients to resign their contracts, known as the opt-in requirement. ...

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
... front. Many in the industry have condemned the actions of the Senate, saying advisers may find themselves in breach of the law overnight. Financial Services Council chief executive John Brogden said the disallowance would create a "legal quagmire", and ...

Cormann to keep up the FoFA fight

ALICE URIBE  |  THURSDAY, 20 NOV 2014
The government will continue with its quest to push through amendments to the Future of Financial Advice (FoFA) reforms despite last night's crushing defeat in the Senate. Finance Minister Mathias Cormann told ABC Radio this morning that the government ...

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
The financial services industry responded with ire after the Future of Financial Advice (FoFA) laws were demolished in the Senate overnight. Labor, the Greens and four crossbenchers, including Palmer United Party's Jacqui Lambie, argued the Coalition's ...

SEC imposes US$4.16bn in penalties

ALEX DUNNIN  |  WEDNESDAY, 19 NOV 2014
... expanded the SEC's ability to target misconduct, and increased coordination with those inside the agency as well as the SEC's law enforcement and regulatory partners."

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
... changes to the Future of Financial Advice (FoFA) legislation in a move that could put the industry immediately into breach of law. The motion is supported by a Senate majority of 25 Labor Senators, 10 Greens Senators, independent Senator Nick Xenophon ...

Prosecution drops charges against Storm adviser

LAURA MILLAN  |  MONDAY, 17 NOV 2014
The Commonwealth Director of Public Prosecutions has withdrawn its charge against former Storm Financial adviser Walter John Fullerton-Smith, following the death of a key witness. Fullerton-Smith faced a charge of making a false or misleading statement ...

ASIC to watch CBA advisers closely

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Australian Securities and Investments Commission (ASIC) has appointed a compliance expert to examine the performance of advisers at Commonwealth Financial Planning and Financial Wisdom. KordaMentha Forensic will review past activities by Commonwealth ...