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Showing 11 - 20 of 107 results for "FIA"

ASIC sues BPS Financial over crypto claims

CASSANDRA BALDINI  |  TUESDAY, 25 OCT 2022
ASIC has commenced civil penalty proceedings in the Federal Court against BPS Financial (BPS). The regulator alleged BPS made false, misleading, or deceptive representations and engaged in unlicensed conduct in relation to a non-cash payment facility ...

Australia ranks 40th for crypto spend

CASSANDRA BALDINI  |  THURSDAY, 15 SEP 2022
Australia has been ranked 40 th on a global index that measures where the most people are putting the biggest share of their wealth into cryptocurrency. Chainalysis' 2022 Global Crypto Adoption Index said Vietnam holds the top spot for the second consecutive ...

ANZ stablecoin amplifies changing operating models

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
ANZ has seized the opportunities afforded to it by global digital currency adoption and created the first Australian-bank-issued stablecoin with positive results. Having only recently minted its first stablecoin, ANZ has already found several key elements ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
The Senate has overturned proxy advice reforms announced at the end of last year, three days after the new regime had begun. On a vote of 29 votes to 25, the Senate disallowed the new regulations that were announced by Treasurer Josh Frydenberg in December ...

World Pension Alliance condemns COVID early release

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
The international pension body is warning of the dangers in governments allowing unrestricted pension withdrawals as a pandemic response. The WPA represents pension plans and providers in Europe, the United States of America, Canada, Latin America ...

Sydney multi-boutique adds crypto fund

KANIKA SOOD  |  FRIDAY, 16 APR 2021
A Sydney multi-boutique has signed on a passive fund that tracks Bitcoin and will offer it to Australian investors. The fund is managed by Arrano Capital and is open to institutional investors and will be distributed by Mantis Funds. It is Caymans domiciled ...

First Super adds to board

ELIZA BAVIN  |  MONDAY, 21 DEC 2020
The chief executive of an industry association will First Super's board, replacing former director and co-chair Lisa Marty. Dean Brakell will join First Super's board, commencing 1 January 2021. Brakell is chief executive of the Australian Cabinet & ...

ASIC restrains Mawhinney

ELIZABETH MCARTHUR  |  THURSDAY, 3 SEP 2020
ASIC has been granted interim orders against Mayfair 101 founder James Mawhinney which will stop him siphoning any money out of Australia. The orders also restrain Mawhinney from advertising or promoting any financial product, meaning his work with ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
In court documents, ASIC alleged that Mayfair 101's launch of Australian Property Bonds was a last ditch effort by the embattled wealth manager to set up a Ponzi-like scheme. ASIC expressed concerns that Mayfair 101 founder and managing director James ...

Mayfair 101 in damage control

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
Embattled Mayfair 101 has attempted to set the record straight, hitting out at claims chief executive James Mawhinney may attempt to flee the country and at Vasco Trustees over its handling of the IPO Wealth Fund. ASIC asked the Federal Court last week ...