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Showing 291 - 300 of 476 results for "ASIC commissioner"

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... "A well-functioning foreign exchange market depends on all participants acting with integrity and fairness," ASIC commissioner Cathie Armour said. "ASIC is committed to ensuring that major financial institutions have in place effective mechanisms for ...

ASIC approves world-first fintech exemptions

ALEX BURKE  |  THURSDAY, 15 DEC 2016
... assuming the regulator is notified in advance and businesses meet "certain consumer protection conditions." ASIC commissioner John Price explained: "ASIC's fintech licensing exemption reflects our commitment to facilitating innovation in financial services. ...

ASIC falls on fund disclosure sword

DARREN SNYDER  |  WEDNESDAY, 30 NOV 2016
... transition period for funds to comply with updated fee and cost disclosure requirements under RG97. In September, ASIC Commissioner Greg Tanzer told the Australian Superannuation Investment (ASI) conference that the regulator previously knocked back ...

Former adviser receives jail sentence

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
... securities on the ASX for himself, paying for losses in other trading accounts he held and paying off personal debts. ASIC commissioner Greg Tanzer said: "Wise repeatedly engaged in dishonest conduct, putting his own interests ahead of his clients. This ...

Company director jailed after mishandling funds

KERRIE SYDEE  |  MONDAY, 14 NOV 2016
... eligible for parole after serving two years imprisonment, taking into account time already served in custody. ASIC commissioner said: "Hansen's actions betrayed the trust of his investors and caused them significant hardship. Today's decision shows that ...

ASIC permanently bans dishonest adviser

KERRIE SYDEE  |  MONDAY, 31 OCT 2016
... unauthorised use of $1.8 million from clients led to ASIC finding that he was not of good fame and character. ASIC commissioner John Price said: "ASIC will take action to remove persons from the financial services industry to protect the public. Mr Howard's ...

Self-auditing SMSF auditor caught in ASIC breach

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2016
... Applicant (Mr Samuel) is not a fit and proper person to be an approved SMSF auditor for the purposes of the Act." ASIC commissioner John Price said the regulator will continue to take action where the behavior of SMSF auditors is inadequate. "SMSF auditors ...

Fed Court winds up unregistered investment scheme

KERRIE SYDEE  |  FRIDAY, 21 OCT 2016
... Robert Woods of Deloitte have been appointed as joint liquidators of the unregistered managed investment schemes. ASIC commissioner Greg Tanzer said: "The high banning periods ordered by the court in this case are necessary to protect the public from ...

Equititrust CEO remains permanently banned

KERRIE SYDEE  |  THURSDAY, 20 OCT 2016
... withdrew his application for a review of ASIC's decision to permanently ban him from providing financial services. ASIC commissioner John Price said McIvor's conduct was at the most serious end of the offending range and that it was appropriate he be ...

ASIC bans Deutsche Bank trader

KERRIE SYDEE  |  THURSDAY, 29 SEP 2016
... and has notified ASIC of the measures it believes will better monitor and detect poor conduct in the future. ASIC commissioner Cathie Armour said: "The integrity of our financial markets is vitally important and ASIC will take action to remove anyone ...