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

Search Results

Showing 301 - 310 of 472 results for "ASIC Commissioner"

ASIC cancels AFSL, bans responsible managers

DARREN SNYDER  |  FRIDAY, 9 SEP 2016
... for a period of four years, and Jill was banned from providing financial services for a period of three years. ASIC commissioner Greg Tanzer said: "All AFS licensees need to ensure their culture does not drive poor conduct within their business. ASIC ...

Under reporting of super fees harming investors: ASIC

DARREN SNYDER  |  THURSDAY, 8 SEP 2016
... period is sufficient. Speaking at the Australian Superannuation Investment (ASI) conference in Cairns yesterday, ASIC commissioner Greg Tanzer said the regulator believed the transition "was very generous." Tanzer said ASIC will be adopting a facilitative ...

ING DIRECT pays up for "no fees" super marketing

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
... easily understood products and is committed to doing the right thing by its customers," the internet bank said. ASIC commissioner Greg Tanzer said: "This action reflects ASIC's ongoing focus on the disclosure of fees and costs in superannuation. "Consumers ...

Ostrava wound up, directors banned

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
... the financial service business without proper supervision or exercising any independent critical judgment." ASIC commissioner Greg Tanzer said: "This outcome sends a message that anyone who breaches financial services laws or their duties as company ...

Macquarie cops fine over van Eyk

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... issue within the bank and did "not suggest the failures were in any sense endemic." Commenting on the outcome, ASIC commissioner Greg Tanzer said, "This is a significant decision for investors and confirms the important role of responsible entities in ...

ASIC accepts EU from My Adviser

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
... My Adviser had commenced paying remediation to clients of Arion. More than $2 million has been paid to date. ASIC commissioner Greg Tanzer said: "All licensees must ensure that its representatives comply with the best interests obligations and where ...

ASIC bans ex-Macquarie Equities trader

ALEX BURKE  |  WEDNESDAY, 17 AUG 2016
... trading accounts even when this was not the case; in these instances he also created false records of advice. ASIC commissioner Peter Kell said: "Investors should feel confident that financial advisers are acting within the authority given to them by ...

ASIC determines Aussie equity market "mostly clean"

ALEX BURKE  |  WEDNESDAY, 10 AUG 2016
... market'. Measuring abnormal price movements forms the basis of the established market cleanliness measure." ASIC commissioner Cathie Armour added: "We have seen a gradual improvement in market cleanliness indicators over time and across different segments ...

ASIC compensation plummets despite surveillance success

ALEX BURKE  |  MONDAY, 8 AUG 2016
... ASIC's unwavering commitment to ensuring Australia's markets remain a level playing field for all investors," ASIC commissioner Cathie Armour said. ASIC commissioner Greg Tanzer added: "ASIC is working hard to maintain trust and confidence in Australia's ...

PMIIG licence cancelled

MARK SMITH  |  FRIDAY, 5 AUG 2016
... in the financial services market. ASIC will take action when AFS licensees fail to meet their obligations," ASIC commissioner Greg Tanzer said. PMIIG has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision. The ...