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Showing 311 - 320 of 4090 results for "Conduct"

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... unfair trading practices. Cass-Gottlieb said those reforms are essential for protecting consumers and small businesses from conduct that currently falls outside the scope of the Australian Consumer Law. "In recent years, we have identified numerous examples ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... this investigation the highest priority given the seriousness of the alleged misconduct and the potential for the alleged conduct to impact the interest payments of the Commonwealth on the bonds issued and therefore Australian taxpayers," he said. ASIC ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... (US$8.2bn). Principal trades are generally banned to avoid undisclosed conflicts of interest, the SEC explained. In order to conduct the trades, the SEC found that a JPMIM portfolio manager directed an unaffiliated party to buy commercial paper or short-term ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... 2023/589 in October 2023, which meant that licensees were no longer required to report certain misleading or deceptive conduct breaches that impacted a single customer where there was no financial loss. "The amount of customer financial loss reported ...

EQT wins RE mandates for FIIG Securities, Nanuk AM

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
Equity Trustees (EQT) will serve as responsible entity for two recently launched vehicles. EQT has been handed RE mandates for the FIIG Monthly Income Fund and the Nanuk New World Fund (Currency Hedged) Active ETF. EQT executive general manager, corporate ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... it found. Still, ASIC found licensees' had not identified the potential implications of AI on their compliance with conduct and consumer protection obligations or other regulatory obligations. "For example, customer segmentation by AI models in marketing ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... of ASIC's case. ASIC said it will consider this decision. Despite that, ASIC said it will seek penalties for misleading conduct. The matter will return to Court for case management on 8 November 2024. HCF Life replaced the 'pre-existing condition' term ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... she told the annual AFCA Forum last week. AFCA typically uses Regulatory Guide 175 Licensing: Financial product advisers-Conduct and disclosure to assess cases. Merely disclosing the conflict is insufficient. "You really need to look at how that related-party ...

CBA's conviction on December rate cut has 'dipped'

ELIZA BAVIN  |  FRIDAY, 18 OCT 2024
Commonwealth Bank (CBA) head of Australian economics Gareth Aird conceded the stronger than expected unemployment data released yesterday does not strengthen the case for the Reserve Bank of Australia (RBA) to start cutting interest rates. Additionally ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
Vanguard Investments Australia managing director Daniel Shrimski believes Australians would be shocked to learn how much is being drained from their retirement savings through super fund fees. New research commissioned by Vanguard, conducted by CT Group ...