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Showing 321 - 330 of 4090 results for "Conduct"

Insignia Financial to trial four-day work week

JAMIE WILLIAMSON  |  FRIDAY, 11 OCT 2024
Insignia Financial is set to pilot a four-day work week, a win for employees in recent Enterprise Agreement (EA) negotiations. The Finance Sector Union (FSU) and Insignia Financial have capped months of bargaining, with 68% of employees voting in favour ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... was a concern about the effect on members' retirement savings. "I will make it clear that I am very concerned that this conduct is serious. It is serious, not just for the consequences for members, but, to me, there is a pattern emerging in some of these ...

ASIC bans adviser who misled TPB

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
... manage his own financial tax affairs," ASIC said. Hazell also failed to reasonably engage with a professional body when conduct concerns were identified, the regulator added. ASIC determined that Hazell is likely to contravene his obligations as an adviser ...

Charges dropped against Macquarie adviser

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... fraud. ASIC permanently banned Acworth from working in financial services in 2020 after finding he engaged in "misleading conduct relating to a financial product" during the time he was employed at Macquarie between December 2015 and May 2018. ASIC found ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... invest it in highly speculative schemes tied to Hewish. Hewish's 10-year ban stemmed from his involvement in this conduct and his "fundamental lack of competence" and "cavalier attitude" towards his managerial responsibilities and legal compliance ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... auditors are crucial to upholding the integrity and confidence in the SMSF regime. ASIC will continue to take action where conduct is not up to standard." In the first half of 2024, ASIC said it disqualified eight SMSF auditors. All eight SMSF auditors ...

Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
... that the UK has the strictest rules on anti-greenwashing and entity-level sustainability reporting, with the Financial Conduct Authority (FCA) introducing a rule requiring firms' sustainability claims to be fair, clear, and not misleading. The FCA's ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims it made about ESG screens applied to its $1.1 billion ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... were obvious risks of deficiencies in its surveillance system". Macquarie also failed to take full accountability for its conduct. Macquarie's inertia was a large factor in ASIC determining the size of the penalty. ASIC chair Joe Longo said: "The record ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... (ASIC) has reissued RG 121 to provide updated guidance to individuals and companies from outside Australia that wish to conduct a financial services business in Australia. The newest version replaces the last guidance which was issued in June 2013. ASIC ...