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Showing 271 - 280 of 545 results for "Investigate"

Glaucus defends Blue Sky allegations

ALEX BURKE  |  FRIDAY, 6 APR 2018
... information that "categorically disproves many of its fundamental assertions." Kain added Blue Sky is petitioning ASIC to investigate Glaucus and serving the hedge fund with a preservation notice, which requires it to preserve relevant documents and ...

Two industry funds merge

KARREN VERGARA  |  THURSDAY, 5 APR 2018
... integrating their investments and insurance under a master trust structure, entering into a memorandum of understanding to investigate how to "gain greater economies of scale while enhancing the benefits for both member groups." At the time, Burke said ...

Blue Sky hits back at hedge fund, requests ASIC intervention

ALEX BURKE  |  WEDNESDAY, 4 APR 2018
Blue Sky Alternative Investments resumed trading on the ASX and has requested ASIC investigate the accusations made by a US hedge fund - and associated short-selling - last week. Glaucus Research Group argued "Blue Sky is significantly overstating its ...

Aurora repays stolen $1 million

ALEX BURKE  |  TUESDAY, 27 MAR 2018
... "Whilst Aurora has funded the difference from its internal reserves for the benefit of AUP unitholders, it continues to investigate recovery of the balance of the misappropriated funds from a range of third parties, including the former owners and directors ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
... independent body called the Banking Code of Compliance Committee (BCCC) which will monitor compliance with the code, investigate breaches, and apply sanctions. The code, when signed by a bank, will have the force of law. ABA's move comes as the financial ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
Nearly a decade after ASIC began its investigation into Storm Financial, two directors have been fined $70,000 each for breach of duties. Emmanuel and Julie Cassimatis were previously disqualified from managing corporations for seven years. When they ...

Vertically aligned institutions pay $21.4m compensation

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2018
ASIC said clients of the big four banks and AMP who received non-compliant financial advice will be compensated a further $21.4 million. This adds to the $30 million compensation bill ASIC announced in March 2017 after it investigated how large institutions ...

Small advice firms face big data breach penalties

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
... are particularly vulnerable to sophisticated cyber criminals as they often lack the time and resources to properly investigate and understand this very real threat, Carnell said. "With the new laws commencing in around three weeks, I suggest small business ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
CBA is set to compensate a further $1.9 million to customers affected by five former "high-risk" financial advisers, according to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning ...

AFA to launch investigation into adviser misconduct

JAMIE WILLIAMSON  |  FRIDAY, 22 DEC 2017
The Association of Financial Advisers has confirmed it will launch its own investigation into why three of its members entered into enforceable undertakings with ASIC in as many days. While AFA chief executive Phil Kewin said he would not discuss the ...