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Showing 321 - 330 of 3912 results for "Law"

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
Blackstone, KKR, and Carlyle are among the private equity firms that will collectively pay the Securities and Exchange Commission (SEC) US$63.1 million for failing to keep appropriate communications records. They join a growing list of financial institutions ...

Major climate group suspends operations

ROSE MARY PETRASS  |  TUESDAY, 14 JAN 2025
An alliance of financiers with over US$57.5 trillion in assets has bowed to US political pressure and hit pause after the exit of the world's largest asset manager, BlackRock. Net Zero Asset Managers (NZAM), which has over 300 members, announced it ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... compliance processes" in place. Sanlam had inadequate resources and processes to ensure its authorised entities complied with the law and to oversee those who used its licence to offer risky financial products to retail clients, Court said. "Licensees ...

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
... in and profit from dishonest conduct. Mr Spina's sentencing should be a deterrent to those who operate outside of the law and whose actions can have a detrimental effect on consumers who entrust their money with others." Sipina is the third person ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... Global AU (trading as EuropeFX), engaged in systemic unconscionable conduct as well as a raft of other contraventions of the law between 2018 and 2020. The court heard customers of EuropeFX and TradeFred lost over $83 million during the period of the ...

M&A and IPO the 'gamechangers' for 2025: Expert

MATTHEW WAI  |  FRIDAY, 20 DEC 2024
Providing an outlook for the new year, Fidelity International portfolio manager Casey McLean said M&A and IPO activities will likely increase, noting there are a list of companies anticipated to make the foray into the public markets across the US and ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... consequences for deliberate and repeated failures. SMC deputy chief executive Georgia Brumby said passing payday super into law is crucial to ensuring the millions of Australis who are short-changed get every dollar of super they're owed. "Unpaid super ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... were adequately trained and competent. "Many digital assets and related products are financial products under the current law," Court said. "We are consulting with the sector to improve regulatory clarity, and ASIC will continue to use the full range ...

TPG co-founder David Bonderman dies

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
... decision'." Bonderman graduated from the University of Washington in 1963 with a major in Russian studies and went on to Harvard Law School where he graduated Magna Cum Laude in 1966. While at Harvard, he won a fellowship that took him to Egypt and the ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... that Bit Trade continued offering the product, despite knowing or having ought to have known, it was likely in breach of the law. "... Bit Trade's contraventions were serious and motivated by a desire to maximise revenue," he said. ASIC chair Joe ...