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Showing 341 - 350 of 4233 results for "LIC"

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
Sanlam Private Wealth, the Australian arm of the South African Sanlam Group, has admitted to breaching licensee obligations by "failing to adequately supervise" its authorised representatives and corporate authorised representatives (CARs), following ...

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
The Federal Court has sentenced the promoter of Courtenay House for his involvement in one of the country's biggest Ponzi schemes. David Sipina was handed down three years' imprisonment to be served via an intensive correction order after pleading ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
The Federal Court has found that collapsed contracts for difference (CFD) issuer, Union Standard International Group (USG) and two of its former corporate authorised representatives, BrightAU Capital (trading as TradeFred) and Maxi EFX Global AU (trading ...

Zenith hires from Preqin and Morningstar

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
Zenith Investment Partners has made two new appointments to its business development team - Jim Wang and Doug Hope. Based in Sydney, they will report to Zenith's head of sales, Glenn Boyes. Wang will join the institutional team where he will oversee ...

Ventura names new investment chief

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
Centrepoint Alliance head of research Daniel Stojanovski has been appointed chief investment officer of Ventura Funds Management, the dealer group's asset management arm. As investment chief, Stojanovski will focus primarily on the investment management ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
ASIC is taking Binance Australia to court alleging it denied more than 500 retail clients important consumer protections by misclassifying them as wholesale clients. ASIC alleges from 7 July 2022 to 21 April 2023, Binance offered crypto derivative products ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
Many superannuation trustees have been told they must improve their valuation governance practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. ...

Oaktree completes $240m AZ NGA deal

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
Following its announcement earlier in September, the transaction has been finalised, with Oaktree Capital Management becoming AZ Next Generation Advisory's (AZ NGA) largest shareholder with a $240 million investment. As part of the deal, Azimut retains ...

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
A settlement has been reached in the class action filed in the Federal Court against auditors for SMSFs run by Melissa Caddick. The class action - led by Melbourne-based law firm Mackay Chapman - was filed on behalf of 21 original group members. Just ...

Adviser exam pass rate improves

MATTHEW WAI  |  MONDAY, 9 DEC 2024
Of the 289 candidates who attempted the latest exam sitting, close to 80% passed. The most recent sitting of the Financial Advisers Exam took place on November 6, with 225 out of 289 candidates passing. It represents a pass rate of 77% and is a significant ...