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Showing 281 - 290 of 1606 results for "Investigation"

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... largest sanction ever imposed by an ASIC Market Disciplinary Panel, after contravening market integrity rules. An ASIC investigation was triggered by a series of transgressions, most notably Openmarkets' failure to respond to suspicious trading activities ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... problematic for small business owners." In 2021, ASIC and the Commonwealth Director of Public Prosecution's criminal investigation into AMP's fee-for-no-service conduct related to its BOLR policy found no evidence of misconduct and brought no ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... corporate and private sector business," she said. The announcement followed the conclusion of PwC's internal investigation into the mishandling of confidential Treasury information by its senior staff. It said yesterday that eight of its partners ...

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
The Federal Court has extended the travel ban on Magnolia Capital's founder as he faces an ASIC investigation that alleges $40 million of investor money has gone missing. Mitchell Atkins, also the managing director and chief investment officer of Magnolia ...

E&P appoints new chief executive

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... Anderson joined E&P in July 2019 as Evans Dixon, as it was previously known, faced several upheavals that included an investigation by ASIC into subsidiary Dixon Advisory and Superannuation Services for providing dodgy advice to retail clients regarding ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
... reports suggest it is more than 400,000. "Immediately after learning of the exploit from PBI, CalSTRS initiated an investigation and worked to identify the members and beneficiaries whose information was involved," it said. Also like CalPERS, the information ...

New inquiry targets audit sector following PwC scandal

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... consulting sectors including, but not exclusively the big four." The inquiry will undertake a specific and detailed investigation and analysis of the regulatory, legislative, and legal factors within the sector after PwC shone a light on possible misconduct ...

Former Capstone adviser in EU with ASIC

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... to show he had provided clients with services they were entitled to under ongoing service arrangements, an ASIC investigation found. Blackaby was licensed through Capstone Financial Planning from November 2016 to 16 June 2023. The ASIC Financial Adviser ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... Financial Services Credit Panel, which handed down its inaugural determination. The panel did not name the person under investigation, other than calling him "Mr. S", saying that the adviser impersonated a client during two telephone conversations with ...