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Showing 261 - 270 of 558 results for "Investigate"

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
The Royal Commission cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. In his fifth round ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
... stands with regulator. Only in July, when the Commission issued a rubric that CFS and Financial Wisdom took steps to investigate the matter. On August 10, Financial Wisdom suspended the adviser. Chun confirmed that CFS will require Financial Wisdom to ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
The corporate regulator will be gifted enhanced enforcement powers via funding from the Federal Government, a sizeable chunk of which will be used to embed staff within the big four banks and AMP. The Federal Government announced it is injecting a further ...

Equity Trustees responds to GAM suspension

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
Equity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director. In a letter to unitholders, Equity Trustees - as responsible entity for the ...

Aurora takes acquisition bid to Federal Court

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
... contributed to "blatant disregard" of their duties as directors. Further, it proposes to refer the matter to ASIC to investigate the potential breach of directors' duties - including other matters relating to the "genuineness of the transactions." One ...

ASIC bans Queensland adviser, suspends licence

KANIKA SOOD  |  FRIDAY, 20 JUL 2018
... administration business (where he was a sole director and shareholder) and other entities related to him. He failed to investigate individual circumstances of clients and did not consider alternative strategies that might have been suitable for client ...

Independent planning firm jumps into agriculture

HARRISON WORLEY  |  WEDNESDAY, 18 JUL 2018
Growth Farms' recently launched farm leasing fund picked up a cornerstone investment from a $1 billion advisory group. Providence Wealth has made a "substantial" investment in the fledgling Australian Agricultural Lease Fund, making it the fund's cornerstone ...

CBA, ANZ told to clean up superannuation distribution

KANIKA SOOD  |  FRIDAY, 6 JUL 2018
An ASIC investigation alleges Commonwealth Bank and ANZ branches offered superannuation products to customers at the end of general fact-finding processes, which the customers may have mistaken as "personal" advice rather than "general" advice. Commonwealth ...

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
... "There's only so much we can say and the sanctity of the process is very important. The ability for our teams to investigate thoroughly, diligently and appropriately is of paramount importance to us, but I will give you my assurance that we at the ...

Former NAB adviser permanently banned

HARRISON WORLEY  |  FRIDAY, 8 JUN 2018
... character. Max Kiattisak Eung, who also goes by Kiattisak Eungpongpan, has been banned by the regulator as it continues to investigate allegations he falsified documents to open bank accounts in the names of two clients. Eung, the latest person to be ...