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Showing 241 - 250 of 333 results for "Watchdog"

Investors get $250m compensation for crook advice

FSA RELEASE  |  TUESDAY, 13 APR 2010
... assessments of 22 firms that posed the biggest risk of offering poor advice. In total, six firms have been referred to the watchdog's enforcement division as a result of pension switching work. Digging deeper into the issue, the FSA found advisers were ...

Westpoint investors win $13.5m compensation

ASIC RELEASE  |  THURSDAY, 4 MAR 2010
... members who submit a valid proof of claim and they expect to be able to do this in the last week of August. The corporate watchdog commenced proceedings against State Trustees in March 2008 alleging that State Trustees breached its duty to the holders ...

ASIC presses on with Westpoint compensation

ASIC RELEASE  |  MONDAY, 30 NOV 2009
... Bongiorno Financial Advisors, which has links to the failed Westpoint Group. An ASIC statement late last week noted that the watchdog had agreed to settle actions against Melbourne-based Bongiorno Financial Advisors and Bongiorno Financial Advisors (Aust). ...

Galleon sinks $4bn

MICHELLE BALTAZAR  |  THURSDAY, 22 OCT 2009
Galleon Group, one of the largest hedge funds in the US with $4 billion in assets shuts down after US watchdog SEC investigates the group's founder, Raj Rajaratnam, for insider trading. In a scandal that rocked New York's Manhattan set, Rajaratnam became ...

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
... Professional Investment Services has reached an agreement with ASIC to settle a class action brought by the corporate watchdog in relation to failed Westpoint investments. The proceeding concerns a claim for compensation relating to financial advice ...

When ASIC knocks, answer immediately

RUTH LIEW  |  THURSDAY, 2 JUL 2009
You've been served. Recent reports about corporate watchdog ASIC paying a personal visit to two accountants (mistakenly reported in the media as financial planners) to hand them notices illustrate the far-reaching powers of the regulator, says an industry ...

ASIC flags end-of-year signposts

RUTH LIEW  |  MONDAY, 29 JUN 2009
The financial services watchdog ASIC is calling on listed financial services companies to provide more disclosure on their 'going concern' assumptions, asset valuations and hedging arrangements when they file their 30 June 2009 financial reports. Following ...

Market Wrap - Midday

AAP  |  THURSDAY, 28 MAY 2009
... cent, to $33.97, while rival Rio Tinto, whose planned sale of a key US coal mine suffered a setback with the US consumer watchdog seeking more information on the deal, slid 64 cents to $63.71.

ASIC adjusts redemption rules to help pensioners

MICHELLE BALTAZAR  |  MONDAY, 3 NOV 2008
Financial watchdog ASIC said it may offer exemptions to existing government rules on 'frozen' mortgage funds that will allow mortgage fund operators to release funds to unitholders based on 'hardship grounds'. This relief will apply on a case-by-case ...

New rules for short selling

MICHAEL HOBBS  |  WEDNESDAY, 29 OCT 2008
Financial watchdog ASIC and the ASX have changed the disclosure rules on short selling, ahead of the expected lifting of the ban on shorting non-financial stocks next month. The disclosure and reporting requirements mean short selling activity on the ...