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Showing 331 - 340 of 792 results for "fraud"

Blue Sky short seller launches new fund

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... money raised from investors. Many of these led to companies being delisted and management being charged with securities fraud. "I could not be prouder of our track record at Glaucus. We built a global brand with a reputation for delivering insightful ...

Tech is all upside for insurance: HSBC

HARRISON WORLEY  |  MONDAY, 14 MAY 2018
... issues. In the report HSBC outlines the various ways in which insurtech can impact an insurer's business model including fraud detection, providing accurate health assessments and driving advice in claims processing - especially with data garnered through ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... up regulatory actions against ICOs, bringing in criminal charges for fraudulent ICOs. Last month, SEC identified an ICO fraud that had raised $32 million from investors. Centra Tech Inc. allegedly deceived investors by making claims about nonexistent ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
The Association of Financial Advisers decided to retain two financial advisers as members despite them receiving official banning orders from ASIC because the association didn't want to tarnish its reputation and engage in a legal battle. AFA chief ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
ASIC disqualified two self-managed super fund auditors - one in South Australia and one in the ACT - for breaching independence requirements. The South Australian auditor, John Tretola, was found to have breached his independence requirements of APES ...

Spotlight on financial elder abuse

JAMIE WILLIAMSON  |  FRIDAY, 6 APR 2018
... relationship resulting in personal gain by someone else - are on the rise. "Illegal exploitations are easier to identify; fraud or theft can generally be found on paper. But improper exploitation doesn't need to involve malicious intent. It can sometimes ...

Aurora repays stolen $1 million

ALEX BURKE  |  TUESDAY, 27 MAR 2018
Aurora Funds Management has repaid the $1 million misappropriated from its Buy-Write Income Trust (AUP). The money, which Aurora traced to SIV Asset Management (SAM), formerly known as Aurora Funds Limited, was fully repaid into AUP. In addition, Aurora ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... in circumstances where nobody else has been prosecuted - well, Justice Edelman conceded that there was no criminality. No fraud. All the money, essentially, had been accounted for. In fact, I would go so far as to say that with the wisdom of hindsight ...

Convicted SMSF auditor disqualified

KANIKA SOOD  |  MONDAY, 19 MAR 2018
ASIC has disqualified a Melbourne-based SMSF auditor who is serving a jail term for previous charges. Nayanaka Arjuna Samarakoon pleaded guilty to criminal offences that included dealing with property reasonably suspected of being proceeds of crime ...