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Showing 281 - 290 of 558 results for "Investigate"

Royal Commission must be extended: FSU

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
The union representing workers in the financial services sector is calling for an extension of the financial services Royal Commission, as revelations of misconduct continue to arise from the inquiry. The Finance Sector Union said the inquiries of Commissioner ...

Treasurer backs ASIC investigations

DARREN SNYDER  |  THURSDAY, 19 APR 2018
... Commission this week. At a doorstop interview in Sydney, Morrison advised that ASIC has been investigating and continues to investigate matters raised in the Royal Commission, specifically in regards to the actions of AMP. "ASIC has received many thousands ...

AMP deliberately misled ASIC over ongoing fees

ALEX BURKE  |  TUESDAY, 17 APR 2018
Once again in the Royal Commission hot-seat, AMP advice head Anthony Regan conceded evidence suggests the business deliberately misled ASIC over ongoing fees-for-no-service policies on multiple occasions. Senior Counsel Assisting Michael Hodge singled ...

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 ...