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Showing 261 - 270 of 4157 results for "Conduct"

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... Queensland. ASIC alleges that between January 2022 and October 2023 Lighthouse Partners engaged in fees for no service conduct in relation to 14 clients. While she was on leave for much of this period, ASIC also alleged that Roper was aware of the fact ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... Fiduciaries. Meanwhile, ISG received $145 million from retail and wholesale investors since 2019. In many of the cases, members conduct a super health check online and submit their personal details and are incidentally contacted by the lead generator. ...

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... despite having been banned from doing so. In 2018, Joshua Fuoco was found to have engaged in misleading and deceptive conduct and unconscionable conduct, and to have broken financial services laws. His business was offering cash to vulnerable clients ...

BUSSQ's boardroom brass cleared, CFMEU spend deemed sound

ANDREW MCKEAN  |  WEDNESDAY, 2 JUL 2025
Queensland-based industry super fund BUSSQ, which has ties to the scandal-plagued Construction, Forestry, Maritime, Mining, and Energy Union (CFMEU) through its board, emerged largely unscathed from an independent report by KPMG. BUSSQ was hit with ...

State Street Global Advisors rebrands

ELIZA BAVIN  |  TUESDAY, 1 JUL 2025
State Street Global Advisors has announced its new brand name: State Street Investment Management. SSIM said the rebranding highlights the firm's focus on growth and engagement with clients and partners, and its commitment to product innovation ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... days to 60 days. Also in the relief, ASIC is exempting the reporting of certain breaches in the misleading and deceptive conduct provisions, and certain contraventions of civil penalties. The new relief clarifies that a report is taken to be lodged with ...

ASIC appoints ASX inquiry panel

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
ASIC has appointed three panel members to conduct its inquiry into the Australian Securities Exchange (ASX). The inquiry is in response to the ongoing concerns around the ASX's questionable ability to "maintain stable, secure and resilient" market ...

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
There is still much room for improvement when it comes to super funds' expenditure management practices, with APRA finding some RSEs caring more about competing with peers than members' best financial interests, others not having revisited historic ...

ASIC calls on AFS licensees to 'step up'

ELIZA BAVIN  |  TUESDAY, 24 JUN 2025
The Australian Securities and Investments Commission (ASIC) has issued a warning about share sale fraud after a spike in reports of stolen shares due to identify theft. ASIC said it has conducted an industry review and provided updated guidance for ...

SMC backs principles-based approach to corporate governance

ANDREW MCKEAN  |  MONDAY, 23 JUN 2025
... delivering for their members," it said. SMC also supported APRA's proposal for significant financial institutions (SFIs) to conduct independent third-party performance assessments every three years, covering boards, committees, and individual directors. ...