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Showing 321 - 330 of 890 results for "Failing"

Foreign exchange brokers banned

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
... compliance given his role in the business. Yoshai was involved in Forex CT's breaches of the Corporations Act including failing to do all things necessary to ensure the financial services were provided efficiently, honestly and fairly. ASIC said Yoshai ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
A review of Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been ...

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
... four months after finding that it failed to comply with certain financial services laws. Among those breaches include failing to comply with client money reporting rules, lodge financial statements on time, abide to ASIC derivative transaction rules ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... Contracts Act. (Interestingly, TAL's lawyers had alleged the customer breached her duty of good faith under the Act by failing to disclose her prior medical history.) However, ASIC's other allegations did not stand in court: that TAL engaged ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
Link Market Services has been hit with another lawsuit for allegedly failing to protect more investors from the troubled Woodford Equity Income Fund (WEIF). UK law firm Leigh Day is representing more than 4000 clients who invested in the WEIF, which ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... appropriate systems, governance and controls in place to ensure they deliver on promises made to their customers. By CBA failing to take adequate steps to rectify this error after it was identified, this resulted in customers continuing to be overcharged." ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
... and a lack of awareness on how to attract, retain and develop a culturally-aligned graduate." Bunny says what firms are failing to realise is the benefits they can reap from training up a graduate. "Even if that person leaves you down the track or doesn't ...

Best, worst investment ideas for 2021: ARK

ELIZABETH MCARTHUR  |  TUESDAY, 2 FEB 2021
... worst investment opportunities out there. When it comes to the worst ideas, ARK said household name NASDAQ listed Intel is failing to keep up with the times. The company's competitors are a full generation ahead of Intel in server chip production, mass ...

Kearney Group launches responsible managed portfolios

ELIZA BAVIN  |  MONDAY, 1 FEB 2021
... ESG performance for clients. "We know ESG has direct financial relevance and is a good indicator of long-term value. So, failing to consider ESG is failing our clients, our profession and our community," Kearney said. "Who are we, if we're giving ...

Australian banks among most fined

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... after it was alleged to have processed billions of Euros in transactions in Estonia for Russian non-residents, allegedly failing to prevent money laundering as it expanded operations in the Baltics. China had the second most banks fined in 2020, but ...