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Showing 341 - 350 of 4090 results for "Conduct"

Australian Ethical locks in new custodian

ANDREW MCKEAN  |  TUESDAY, 3 SEP 2024
Australian Ethical will transition its custody and investment administration to State Street. The investment manager said its investment focus will be the delivery of "key inflight projects" in FY25, including the transition to State Street as its current ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... about $54 million. He pleaded guilty to the following charge s in November 2022: Four offences of engaging in dishonest conduct in relation to a financial product or financial service contrary to s1041G Corporations Act 2001 (Cth); An offence of carrying ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
CLSA Australia paid a penalty of $144,300 in relation of an infringement notice for failing to provide correct regulatory data to the relevant market operator. The infringement noticed, given by Markets Disciplinary Panel (MDP), considered that from ...

NGS Super to cut insurance premiums

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
NGS Super will adjust its insurance costs, resulting in lower premiums for more than 97% of its members, from October 1. The super fund noted, however, that a "small group of members" will experience an increase in costs. On average, its members will ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... guilty of 28 counts of fraud amounting to $5,958,870 in losses for former clients. Judge Moynihan said Jayaweera's conduct was "brazen, gross, and callous" and that his actions "were not only criminal but evil, demonstrating no remorse". Judge Moynihan ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... additional licence conditions on BUSSQ and Cbus earlier this month, requiring both funds to engage an independent expert to conduct a review their compliance with Prudential Standard SPS 520 Fit and Proper, as well as their adherence to the duty to act ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... to members at specific life stages to offer relevant advice and support as they approach retirement. The fund will also conduct an ongoing analysis of engagement channels is being conducted to ensure the most effective ways to interact with members. ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
The costs associated with the wealth giant's transformation and increased remediation provisions have resulted in a $185.3 million net loss and the need to pause dividends as it undertakes a strategic review. Releasing its full-year results to the ASX ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
Nine years on from its collapse, the former employee of stockbroking firm BBY has been sentenced to two years and six months after being convicted of aiding and abetting. ASIC alleged that Yat Nam (April) Yuen had facilitated the transfers of client ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY ...