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Showing 3601 - 3610 of 6884 results for "Act2"

CommSec pays $200,000 penalty

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
CommSec has paid a $200,000 infringement notice penalty after failing to apply a holder record lock to the accounts of a deceased client and entering into unauthorised market transactions following the client's death. The Markets Disciplinary Panel ...

Former adviser receives jail sentence

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
A former financial adviser was sentenced to seven years imprisonment following charges brought by ASIC. Darren Wise, formerly of Rhodes New South Wales, pleaded guilty to one count each of forgery and using forged documents fraud. Wise will be eligible ...

Industry fund fights financial exclusion

KERRIE SYDEE  |  TUESDAY, 15 NOV 2016
HESTA is calling on the financial services industry to collectively combat financial exclusion with the fund being one of 12 organisations to commit to a Financial Inclusion Action Plan. The $36 billion industry super fund met with experts and academics ...

Impact investing driving advice growth

KERRIE SYDEE  |  MONDAY, 14 NOV 2016
Demand for impact investing is expected to rapidly increase as a growing number of retail and institutional investors search for investments that provide both monetary and social returns. In the last five years there have been 96 reported impact investments ...

Suncorp CFO says financial services disenfranchised

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2016
Big businesses need to stop using government delay and political uncertainty as an excuse for deferred investment, according to Suncorp chief financial officer Steve Johnston. Speaking on the disconnect between government and business at a Trans-Tasman ...

ASIC employee faces court

KERRIE SYDEE  |  FRIDAY, 11 NOV 2016
An ASIC employee has faced Sydney's Downing Centre Local Court faced with two charges following an investigation by the Australian Federal Police. Mahmoud Daher was charged with unauthorised access to restricted data contrary to subsection 478.1(1) ...

Multi-asset expectations fall: Zenith

KERRIE SYDEE  |  THURSDAY, 10 NOV 2016
Investment managers are reducing their return expectation across a broad range of asset classes as quantitative easing and other interventionist policies continue to have an impact on investment markets. Zenith Investment Partners' latest Multi Asset ...

Netwealth partners for new private label

JAMIE WILLIAMSON  |  THURSDAY, 10 NOV 2016
Netwealth has partnered with a boutique wealth management firm to launch a private label managed account. The platform provider has teamed up with Cardena Private Wealth to offer a variety of multi-asset, objectives-based models which utilise dynamic ...

Retirement fears herald advice opportunity

JAMIE WILLIAMSON  |  WEDNESDAY, 9 NOV 2016
Less than one in 10 super fund members are confident they will be able to finance their retirement, the latest research from Investment Trends shows. The research firm's 2016 Member Sentiment and Communications Report shows less than 10% of members ...

ASIC bans deceptive adviser

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
ASIC has permanently banned a Queensland financial adviser from providing financial services after he failed to comply with financial services laws. George Karakatsanis of Yeronga was banned after ASIC found he engaged in misleading and deceptive conduct ...