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Showing 2611 - 2620 of 3920 results for "law"

CBA promoted Nguyen to keep him away from clients

LAURA MILLAN  |  THURSDAY, 10 APR 2014
The Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC) has heard that the Commonwealth Bank (CBA) promoted financial planner Don Nguyen, despite allegations of fraud. Speaking at the inquiry Commonwealth ...

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
... service," the submission said, and added that fees would be charged in cases such as assessing applications for relief from the law. The regulator argued that changes in regulatory functions "have not been fully reflected in the manner in which ASIC ...

APRA requests more decision-making power

JAMES FERNYHOUGH  |  MONDAY, 7 APR 2014
... the parliament has ceded its authority to regulators," he said. "We strongly believe the role of parliament is to write the law and the role of regulators is to enforce it. The exact boundaries of the regulators need to be set and adhered to."

Front-runners

BENJAMIN ONG  |  MONDAY, 7 APR 2014
... costs you a bit each time you buy or sell. And if you're a concerned citizen, you'll care whether people are breaking the law. But as an investor, high-frequency trading doesn't matter because you're focused on the boring work of buying good things and ...

Government will go ahead with FoFA changes: Ciobo

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
... million in implementation costs," he said. He continued: "We support the principle of FoFA, however we believe the current law poses unnecessary burdens on regulatory burdens on industry and reduces that availability of advice, and increases the costs ...

FBI launches probe into high speed traders

MARK SMITH  |  THURSDAY, 3 APR 2014
The US Federal Bureau of Investigation (FBI) and securities regulators have opened up an examination into whether high frequency trading (HFT) firms are involved in insider trading. According to reports, the Securities and Exchange Commission (SEC) ...

Lawyer exposes ASIC favours to big players

LAURA MILLAN  |  THURSDAY, 3 APR 2014
... advance his employer's interests, he drafted emails to IFSA on behalf of ASIC, he actively lobbied ASIC lawyers to change the law," he described, and added that all of this happened with the full knowledge of senior ASIC staff. Wheeldon quoted the then ...

FSC awards life insurance companies

LAURA MILLAN  |  THURSDAY, 3 APR 2014
The Financial Services Council (FSC) has given out its 2014 Life Insurance Awards at a black tie event in Sydney. AMP director of insurance Megan Beer won the Industry Pioneer award, while BT Financial national manager of underwriting, new business ...

Life insurers need more 'wise old heads': APRA

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
The life insurance industry needs more 'wise old heads' to provide an historical perspective and avoid falling into the same traps, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Laughlin said that ...

Market Wrap AM

AAP  |  THURSDAY, 3 APR 2014
The Australian market looks set to open higher following a positive lead from international markets after data showed a pickup in US job creation. At 0812 AEDT on Thursday, the June share price index futures contract was up 18 points at 5,417. Payrolls ...