Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 281 - 290 of 6142 results for "Money"

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
... scheme that created the illusion of genuine trading." Judge David added that McCabe had misled the investors to "feel their money was safe" with his reputation. "Further, Mr McCabe had engaged in 'a form of psychological bullying', engaged in manipulative ...

Managed funds should be 'prepared to take less'

ELIZA BAVIN  |  TUESDAY, 20 MAY 2025
... great performance, whether that's in LICS with a manager or just a managed fund, might appear over the top and you take money from investors into your own pocket. I'm not a big fan of that." Hannah agreed, saying while there is a place for active ...

Wealth management has never looked better: Knox

JAMIE WILLIAMSON  |  TUESDAY, 20 MAY 2025
... that give advice. That's a very big shift if you think about it. It used to be about buying businesses that are out of money, it used to be fund managers," he said. "On the global scene, it's really tough to be a fund manager; you're getting ...

Vanguard Super leads in organic growth: KPMG

ANDREW MCKEAN  |  TUESDAY, 20 MAY 2025
... OneSuper (Diversa) recorded the highest administration fee, followed by Prime Super, smartMonday, IOOF (Insignia), and Virgin Money (Mercer). KPMG noted a trend of funds reviewing their administration arrangements, resulting in moving administrators ...

Cointree hit with AUSTRAC fine

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... time. The action comes after Cointree voluntarily disclosed it had not met the reporting timeframes required by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). AUSTRAC chief executive Brendan Thomas said that failing ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
... that was misleading or deceptive. ASIC alleged Pearson created documents to disguise the fact she was funnelling client money into a bank account held in her company's name, Colisa, without their knowledge. It also alleged she misled her licensee ...

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
... Bankman-Fried is currently serving 25 years in prison after being indicted on several criminal charges, including fraud and money laundering. He reportedly stole US$10 billion from investors. FTX filed for bankruptcy in 2022. Ray, a lawyer and insolvency ...

Vanguard ETFs claim first, second, and third place for inflows

ANDREW MCKEAN  |  THURSDAY, 15 MAY 2025
... although markets were volatile in April, most of its investors stayed the course and didn't panic. "... they kept their money in the market or added to their portfolios," Shrimski said. "We've had a very strong start to the year, and we're proud that ...

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... failing to act in good faith under section 184 of the Corporations Act 2001, amounting to about $2.5 million of investor money. Another five counts relate to falsifying books and annual returns under section 1307 of the Corporations Act 2001. In 2021 ...

HESTA members to keep paying fees as disruption continues

ELIZA BAVIN  |  MONDAY, 12 MAY 2025
... frustrated. "I have seen large back office overhauls many times in my career, it's never involved freezing anyone's money for any period of time," Lythgo Crew Wealth Management senior financial adviser Dane Windshuttle said in a LinkedIn post. ...