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Showing 311 - 320 of 470 results for "Managed investment scheme"

ASIC concerned about PDS font size, consumer warnings

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
The Australian Securities and Investments Commission (ASIC) is concerned that some providers are adapting to the new shorter product disclosure statement (PDS) by reducing the font size and has solved the issue by establishing the minimum font size ...

ASIC rescues lower risk products from 'hedge fund' label

MARK SMITH  |  FRIDAY, 4 OCT 2013
The Australian Securities and Investments Commission (ASIC) has tweaked its definition of a hedge fund, to reduce the number of products that fall within stricter disclosure requirements. Product providers had expressed concern that some low-risk retail ...

Court freezes LM Investment Management founder's assets

MARK SMITH  |  MONDAY, 30 SEP 2013
LM Investment Management founder Peter Drake has had his assets frozen and been forced to surrender his passport by the Supreme Court of Queensland following an application by the Australian Securities and Investments Commission (ASIC). LM Investment ...

Advisers to justify platform choice under best interest

LAURA MILLAN  |  FRIDAY, 6 SEP 2013
Financial planners will have to justify platform choice under the best interest duty provision within the Future of Financial Advice (FoFA) regulation. The Australian Securities and Investments Commission (ASIC) has raised the issue that platform operators ...

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
... ploughed approximately $25 million into the Brooklyn Park Organic Olive Groves Bonni-Foi project, a managed investment scheme (MIS) that collapsed when the responsible entity, Australian Green & Gold announced its intention to wind up the scheme in September ...

Victims push for new Trio fraud inquiry

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
The Victims of Financial Fraud (VOFF) are pushing for another inquiry on the Trio Capital fraud after the Parliamentary Joint Committee (PJC) failed to address the victims' main issues of concern. VOFF spokesperson Paul Matters told Financial Standard ...

AQUA II exemptions unfairly favour ASX: FSC

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
The Financial Services Council (FSC) has said that the application form relief being proposed for the ASX Managed Fund Service (AMFS) should be extended to all registered Managed Investment Schemes (MIS). Under current proposals, the AMFS - popularly ...

US regulator lifts hedge fund advertising ban

MARK SMITH  |  FRIDAY, 12 JUL 2013
The US regulator has lifted a ban, allowing hedge funds to advertise to the general public for the first time in 80 years. The ban was intended to protect unsophisticated investors from high risk, illiquid investment pools. The Securities and Exchange ...

APRA accepts enforceable undertakings from five former Trio directors

ALICE URIBE  |  THURSDAY, 4 JUL 2013
The Australian Prudential Regulation Authority (APRA) has accepted enforceable undertakings from former Trio Capital Limited (Trio) directors Cameron Anderson, Michael Anderson, Terrence Hallinan, Lorenzo Macolino and John Harte. Trio was formerly the ...

Platforms to explain choice of investment products

LAURA MILLAN  |  MONDAY, 1 JUL 2013
The Australian Securities and Investments Committee (ASIC) has updated its platform guidance to require platform operators to explain how they choose the products on offer to investors. The new requirements follow the last review of the sector, which ...