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Showing 331 - 340 of 4090 results for "Conduct"

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... prejudgment interest of US$9.8 million. MIMBT also agreed to undertakings, such as retaining a compliance consultant to conduct a review of its policies and procedures relating to, among other things, valuation of CMOs and associated liquidity risks ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
ASIC and the Reserve Bank of Australia (RBA) have been given new powers under new financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... Act. Additionally, he pointed out that several companies involved, along with McWilliams, may have engaged in fraudulent conduct, breached corporate duties, and made false or misleading statements in investment materials. The Court initially made the ...

Robeco specialist poached by Northern Trust

ELIZABETH FRY  |  FRIDAY, 20 SEP 2024
A senior member of Robeco's local quant team has quit the Dutch asset manager to join a former colleague at Northern Trust Asset Management. Jan Rohof - the firm's technical quant investment specialist based in Sydney - is joining former Robecco ...

Advisers reveal hurdles preventing SMA adoption

ELIZA BAVIN  |  THURSDAY, 19 SEP 2024
State Street Global Advisors (SSGA) head of model portfolios EMEA and APAC Kathleen Gallagher revealed the main concerns financial advisers have with employing managed accounts in their business, at the 2024 Financial Standard Managed Accounts Forum. ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Wheelhouse Investment Partners is closing its doors, having decided it's no longer financially sustainable to continue operating its funds. Wheelhouse Investment Partners was founded in May 2017 as a specialist income manager by Alastair MacLeod ...

BUSSQ board members removed

ANDREW MCKEAN  |  FRIDAY, 13 SEP 2024
... licence conditions on BUSSQ's trustee. These licence conditions related to the appointment of an independent third party to conduct a review of the trustees' fitness and propriety framework for directors and expenditure decisions which pertain to the ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... used the money to fund his own lifestyle, including gambling and personal entertainment expenses. The judge described his conduct as "brazen" and "a serious breach of trust." He added that the crimes were motivated by greed and noted that, at the time ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... frozen. The investigation is ongoing. "ASIC is concurrently investigating a number of persons and entities involved in conduct where members of the public were cold called and received financial advice to invest in Shield via a superannuation platform," ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... financial adviser Bradley Grimm has been convicted by the County Court of Victoria on three counts of engaging in dishonest conduct while running a financial services business. Grimm was sentenced to 18 months' imprisonment, with nine months to serve ...