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

Search Results

Showing 3021 - 3030 of 6696 results for "Securities"

Adviser uses dead people to earn commission

JAMES FERNYHOUGH  |  FRIDAY, 5 JUL 2013
The Australian Securities and Investments Commission (ASIC) has permanently banned a Sydney financial adviser for using the names of dead and non-existent people to earn commissions on insurance applications. Pavan Vyas, an employee of Lionsgate Financial ...

Stronger Super look-through requirements may erode competitive edge

JAMES FERNYHOUGH  |  FRIDAY, 5 JUL 2013
... be a cost involved." The second issue is logistical. While providing the look-throughs is straightforward for listed securities, other holdings will pose more difficulties. "With respect to pooled products, we're going to have to look through into those ...

Last-minute Stronger Super reprieve averts "ludicrous situation"

JAMES FERNYHOUGH  |  THURSDAY, 4 JUL 2013
... and managed investments, which have been deferred until 31 December 2013 and 1 July 2014 respectively. The Australian Securities and Investments Commission (ASIC) has also deferred the implementation of section 29QB of the Superannuation Industry (Supervision) ...

Lonsec shuts door on rating 'shopping' with new rankings

MARK SMITH  |  THURSDAY, 4 JUL 2013
... removed from the rating process - a practice used by managers to avoid unfavourable ratings. From 1 July, new Australian Securities and Investments Commission (ASIC) guidelines aimed at preventing conflicts of interest, require research houses to provide ...

ASIC urged to extend 'wet signatures' exemption

MARK SMITH  |  WEDNESDAY, 3 JUL 2013
The Australian Securities and Investment Commission (ASIC) should consider extending its relief of the need for 'wet signatures' on product disclosure statements (PDS) for the ASX Managed Funds Service (AMFS) to the wider industry to increase access ...

Opposition challenges Labor to review Trio fraud

JAMES FERNYHOUGH  |  WEDNESDAY, 3 JUL 2013
... compensation to victims so far left out in the cold." He also called for Bowen to get a briefing from the Australian Securities and Investments Commission (ASIC) as to why they do not intend to intervene before the Federal Court on 8 July to prevent ...

Wilson HTM MD resigns on securities buyout plans

ALICE URIBE  |  TUESDAY, 2 JUL 2013
Wilson HTM Investment Group Ltd (Wilson HTM) managing director Andrew Coppin has resigned after the board saw a conflict of interest in his proposal to buy out the company's security business. The board agreed that any buy out would be inappropriate ...

FIIG snaps up Macquarie CIO

JAMES FERNYHOUGH  |  TUESDAY, 2 JUL 2013
... Bank chief investment officer and head of innovation Craig Swanger has taken on the role of head of markets at FIIG Securities. Swanger will be responsible for FIIG's sales and channel distribution business as well as risk management and product development. ...

Wilson HTM halts trade ahead of announcement

LAURA MILLAN  |  TUESDAY, 2 JUL 2013
Wilson HTM Investment Group has requested a trading halt in its securities ahead of an announcement expected later today. "The trading halt is requested while the board completes certain discussions with management," Wilson HTM said in a statement to ...

BT overcharged customers, refunds $2.3m

LAURA MILLAN  |  TUESDAY, 2 JUL 2013
... have already been compensated for an average of $1,217 each. BT discovered the problem and reported to the Australian Securities and Investments Commission (ASIC). The financial group undertook a review to identify customers potentially impacted and ...