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Showing 291 - 300 of 4085 results for "Conduct"

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The UK's Financial Conduct Authority (FCA) has fined Macquarie Bank's London Branch (MBL) $25 million (£13m) for enabling one of its employees to record over 400 fictitious trades over a 20-month period. The fictitious trades also cost MBL an estimated ...

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... Regulatory Guide 181 Licensing: Managing conflicts of interest Regulatory Guide 183 Approval of financial services codes of conduct, and Regulatory Guide 234 Advertising financial products and services (including credit): Good practice guidance. "We ...

Former Western AM investment chief charged for 'cherry-picking'

MATTHEW WAI  |  TUESDAY, 26 NOV 2024
... "engaging in a multi-year scheme to allocate favourable trades to certain portfolios." The SEC alleges Leech engaged in the conduct from at least January 2021 through to October 2023. The practice is known as 'cherry-picking', where Leech also allegedly ...

Treasury consults on new crypto tax laws

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
... continued to evolve, giving rise to new investment and payment practices." The OECD worked together with G20 countries to conduct the first comprehensive review of the CRS in consultation with participating jurisdictions, financial institutions, and ...

Top advisers champions in two key areas: Iress

MATTHEW WAI  |  THURSDAY, 21 NOV 2024
New research by Iress reveals the aspects top advisers typically excel in and highlights processes that are "ripe for industry-wide improvement" to drive efficiencies. The Advisely Index Report revealed top Australian advice practices serve 40% more ...

ASIC narrows in on private market investments

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... that they are acting in the best financial interests of members, that they adhere to all laws and standards of market conduct and integrity, that their investments - whether held directly or through fund managers - are valued appropriately, and that ...

Cbus confirms CFMEU nominations to board

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
Cbus has confirmed Paddy Crumlin, Jason O'Mara and Lucy Weber have joined the board after satisfying a 'fit and proper persons test' as part of the ongoing independent review being conducted by Deloitte at the direction of APRA. The findings ...

Former adviser charged with dishonest conduct

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
A former Shaw and Partners financial adviser has been charged with 26 counts of dishonest conduct in relation to the provision of financial services. Former Brisbane-based financial adviser Kristofer Ridgway appeared at Southport Magistrates Court in ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... stability, Constant said ASIC is watching the space carefully. "These are the sorts of questions we are asking. We are the conduct and disclosure regulator, so what part are we playing in answering those question? One element is in terms of... financial ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
The ASX has provided an update on its defence against the legal proceedings filed against it by ASIC over its handling of the CHESS replacement project. The ASX filed a Concise Statement in response to the proceedings brought by ASIC in the Federal ...