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

Search Results

Showing 11 - 20 of 71 results for "Commission for"

Index manager, friend charged for insider trading

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
A senior index manager and his friend were charged for insider trading by the Securities and Exchange Commission for reaping over US$900,000 in illegal profits off trades made with prior knowledge of stocks that would be added to or deleted from an ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
APRA has issued directions and imposed new licence conditions on NULIS Nominees to improve its governance and controls to ensure members' best interests. The directions and additional licence conditions require NULIS to record how it considers members' ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... largest litigation funder, Omni Bridgeway, reported to the ASX that the Federal Court had outlined why a 25% funding commission for the litigation funder which produced a 502% return on invested capital was fair and reasonable. The returns in questions ...

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
APRA has imposed licence conditions on Colonial First State Investments Limited to ensure super members' best interests are met, effective immediately. The regulator's decision follows an investigation into matters referred to it by the Royal ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... life companies paid upfront commissions to salespeople for procuring business (policy sales) and a renewal (trail) commission for keeping the policy in-force," Rice Warner said. "The investment community used similar remuneration structures - in the ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
A California-based couple has been charged by the US Securities and Exchange Commission for allegedly running a Ponzi scheme worth just under $1.5 billion (USD$1billion). The SEC has charged Jeffery and Paulette Carpoff with violating antifraud provisions ...

ASIC probes Regal Funds Management

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
... manager, Regal Funds Management Pty Ltd, that it is under investigation by the Australian Securities and Investments Commission for an undisclosed issue," EQT said in a statement to the ASX. EQT said it expected the trading halt to be lifted once further ...

Perth adviser to face court

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
... incident, Platinum Perpetual Global Private Wealth Pty Ltd has asked the Australian Securities and Investments Commission for its AFSL to be cancelled.

Risk commissions must be retained: MetLife

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2019
... the discussion around fees and commissions has been too binary, Lippiatt said. "It's either fee for advice or commission for advice. In our view, we actually think that it's appropriate and it's actually a good idea to have both models in ...

Spectrum Wealth representatives find new homes

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
... liquidity crisis in 2019 and missed its FY19 interim results deadline. Freedom came under fire during the Royal Commission for selling a life insurance policy to an intellectually disabled man.