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Showing 311 - 320 of 342 results for "Investigations"

Product complexity blamed for systemic errors

WWW.THESHEET.COM  |  TUESDAY, 10 OCT 2006
... according to the Banking and Financial Services Ombudsman (BFSO). The BFSO issued a report last week analysing its investigations into 70 systemic issues over the past four years. Other problem areas are poor or ambiguous disclosure, computer error and ...

Jailed super fraudsters forfeit nearly $6m

HAMISH MADDEN  |  WEDNESDAY, 30 AUG 2006
... investments and cash totaling nearly $6 million, as well as a motor boat purchased for $278,000. ASIC began its initial investigations into the pair after viewing a number of newspaper advertisements with the catch line "superannuation cashback", promising ...

SEC hits fraudulent insurer with $790m penalty

... Department of Justice and a $5 million civil penalty to the Massachusetts Securities Division. The Commission's investigations are continuing as to other individuals who may have also been involved. Michelle Baltazar

Scam targets ethnic community

HAMISH MADDEN  |  FRIDAY, 25 AUG 2006
... targeted at specific communities after it acted to shut down a scam targeting the Australian Chinese community. ASIC investigations uncovered an online scheme specifically targeting the Australian Chinese community, asking investors to contribute $10,000 ...

ASIC bans broker and adviser for life

HAMISH MADDEN  |  MONDAY, 14 AUG 2006
... in 2003. Both Carrington Insurance Brokers and ANZ Bank notified ASIC of the issue and full cooperated with the investigations "Members of the public have a right to expect that those who provide financial services act honestly at all times," ASIC executive ...

IOOF's head of retail funds departs

KATE HAGE  |  WEDNESDAY, 9 AUG 2006
... categorically denied that any funds were lost or that any staff members were dismissed as a result of the internal investigations, which he said should be seen as an example of quality and "controlled" internal governance practices. "Yes we did have ...

AMP caught on conflicts

KATE HAGE  |  THURSDAY, 27 JUL 2006
... switch superannuation funds and, in a lot of cases, failed to disclose the costs incurred by switching. ASIC's investigations, which reviewed a random selection of 300 AMPFP client files, also found that the group's website promoted advice on a broader ...

Westpoint fundraiser's last minute dash

KATE HAGE  |  TUESDAY, 6 JUN 2006
... spokesperson for ASIC would only confirm that the last minute action was necessary to beef up the regulator's ongoing investigations of the collapsed property group. "The action was taken so he [Burnard] could help us in our investigations into Westpoint," ...

Life insurers and 25 AFSL holders under ASIC microscope

The Australian Securities and Investments Commission (ASIC) has launched formal investigations into 25 AFSL holders and will be watching life insurers closely, as a result of its latest license breaches report announced this week. The regulator has ...

Money For Living promoters face court on fraud

KATE HAGE  |  MONDAY, 3 APR 2006
... on Friday facing numerous charges of fraud. Brothers Stephen O'Neill and Gary O'Neill, were charged after ASIC investigations found they had committed fraud through their involvement with Money for Living, which was placed into voluntary administration ...