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Showing 311 - 320 of 1640 results for "Investigation"

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... Link Group reached a conditional agreement with the UK regulator, the Financial Conduct Authority, to settle its investigation into Link Fund Solutions following the failure of the LF Woodford Equity Income Fund, which Link Fund Solutions oversaw. Link ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
Mayfair 101 founder James Mawhinney believes the government should look into how ASIC's investigation into the firm was initiated and the speed at which it was carried out. Recent reports from The Australian suggest an email from John Hempton, founder ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... highest ever. Additionally, it was noted that this action also represented the first occurrence of an enforcement investigation exposing violations of four PRA Fundamental Rules. "The firm's risk management oversight and practices fell well below ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... AI firm, regulators demanded detailed records of OpenAI's policies and procedures and said the subject of the investigation was reviewing deceptive practices. "Whether the company, as defined herein, in connection with offering or making available ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... largest sanction ever imposed by an ASIC Market Disciplinary Panel, after contravening market integrity rules. An ASIC investigation was triggered by a series of transgressions, most notably Openmarkets' failure to respond to suspicious trading activities ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... problematic for small business owners." In 2021, ASIC and the Commonwealth Director of Public Prosecution's criminal investigation into AMP's fee-for-no-service conduct related to its BOLR policy found no evidence of misconduct and brought no ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... corporate and private sector business," she said. The announcement followed the conclusion of PwC's internal investigation into the mishandling of confidential Treasury information by its senior staff. It said yesterday that eight of its partners ...

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
The Federal Court has extended the travel ban on Magnolia Capital's founder as he faces an ASIC investigation that alleges $40 million of investor money has gone missing. Mitchell Atkins, also the managing director and chief investment officer of Magnolia ...

E&P appoints new chief executive

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... Anderson joined E&P in July 2019 as Evans Dixon, as it was previously known, faced several upheavals that included an investigation by ASIC into subsidiary Dixon Advisory and Superannuation Services for providing dodgy advice to retail clients regarding ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred ...