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Showing 261 - 270 of 1908 results for "Associated"

VanEck failed to disclose influencer's role in ETF launch: SEC

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2024
... however the board was apparently not made aware of this or informed that Portnoy's controversial views might be associated with the product. "Fund boards rely on advisers to provide accurate disclosures, especially when involving issues that can ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... Funds Limited was found to have made misleading statements in product disclosure statements about the level of risk associated with the Paladin Monetizer Fund; didn't keep proper financial records for the fund; and failed to lodge annual financial reports ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... distributions and make new investments under their current status, ensuring they remain classified as wholesale clients for all associated financial services, based on their original qualification. These changes, nevertheless, come with transition costs ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
... complex," ASIC deputy chair Sarah Court said. "ASIC remains concerned that consumers do not fully appreciate the risks associated with products involving crypto-assets and today's decision is an important step forward to ensuring there are appropriate ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... legal role in unregistered schemes the fund invests in; inadequate disclosures around the nature, quantum and risks associated with the fund's investments in unregistered funds related to Keystone; and contain misleading statements about how diversified ...

Clime avoids board spill

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... was brought about by its former chair and a substantial shareholder. Major shareholder Torres Industries, which is associated with former Clime chair Don McLay, attempted to oust directors John Abernethy, Michael Kollo, Susan Wynne, Claire Bibby, and ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... weapons sales to Israel. The most recent funding was for US$147.5 million for fuses, charges and prime, according to the Associated Press, while US$106 million was approved to spend on 14,000 rounds of tank ammunition. "The United States is committed ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... review will cover investments in commercial property, private equity, and credit, as well as the likely liquidity risks associated. Commenting, Rainmaker executive director of research Alex Dunnin said the review "is entirely reasonable but should not ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... consortium made up of the superannuation giant and several IFM entities. The swap was related to managing interest rate risk associated with the consortium's acquisition of a majority stake in Ausgrid, purchased from the NSW government. In May 2021 ...

WAM Leaders to make bid for QV Equities

CHLOE WALKER  |  WEDNESDAY, 31 JAN 2024
... Equities Limited (QVL). The offer involves exchanging one share of WAM Leaders for every 1.4675 shares of QVE. Entities associated with WAM Leaders already own a 15.8% stake in QVE. "Since listing in August 2014, QVE's investment portfolio has underperformed," ...