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Showing 301 - 310 of 566 results for "Civil"

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... million), which State Street has been returning directly to the affected registered investment companies. It will also pay a civil penalty of $57.2 million (USD40 million).

VanEck changes tack on ETF

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
Australia's only exchange-traded fund to track S&P/ASX 200 companies which pay 100% franked dividends has changed its strategy. The VanEck Vectors S&P/ASX Franked Dividend ETF (ASX: FDIV) tracked an index that VanEck developed with S&P Dow Jones ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... complete a fit and proper assessment to indicate if a director or any responsible person is under investigation or engaged in civil or criminal proceedings. Directors must also disclose if they have any directorships and/or shareholdings in any other ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
... estate agent who sold property to the firm's clients via self-managed super funds established under its guidance. Beginning civil penalty proceedings in the Federal Court yesterday, ASIC alleged The SMSF Club advised clients to set up SMSFs and then ...

Law Council chides ASIC

HARRISON WORLEY  |  TUESDAY, 11 JUN 2019
... issues for determination by a court." The Law Council pointed out that with the stakes so high for people facing criminal or civil proceedings brought by ASIC, it was entirely appropriate for defendants to "rely on the rights and protections developed ...

Frat house ponzi scheme charged

KANIKA SOOD  |  FRIDAY, 7 JUN 2019
... order, preliminary and permanent injunctive relief, return of allegedly ill-gotten gains with prejudgment interest, and civil penalties. SEC Atlanta Office regional director Richard R. Best said: "We allege that Mr Arbab used his college affiliations ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... targeting underperforming funds. Meanwhile, APRA has been armed with new powers to weed out poor performers, and impose civil and criminal consequences if trustees and directors breach sections 52 and 52A of the SIS Act. "In some instances, acting in ...

Industry fund strengthens board

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
... nomination to the board by the ACTU. He is an air traffic controller in the Perth Tower and vice president of the Finance for the Civil Air Operations Officers Association of Australia. AvSuper chair Ben Firkins said: "On behalf of the AvSuper trustee ...

NZ Super dumps guns

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
Hot on the heels of the passage of new gun laws in New Zealand, the NZ Super Fund has divested all companies involved in the manufacturing of automatic and semi-automatic weapons. The fund confirmed companies involved in the manufacture of civilian ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... cases referred to the prudential regulator by Commissioner Kenneth Hayne would continue to be assessed, but do not carry civil or criminal penalty provisions directly. "We continue to gather evidence on each of the possible enforcement matters referred ...