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Showing 361 - 370 of 4124 results for "Conduct"

Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
... that the UK has the strictest rules on anti-greenwashing and entity-level sustainability reporting, with the Financial Conduct Authority (FCA) introducing a rule requiring firms' sustainability claims to be fair, clear, and not misleading. The FCA's ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims it made about ESG screens applied to its $1.1 billion ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... were obvious risks of deficiencies in its surveillance system". Macquarie also failed to take full accountability for its conduct. Macquarie's inertia was a large factor in ASIC determining the size of the penalty. ASIC chair Joe Longo said: "The record ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... (ASIC) has reissued RG 121 to provide updated guidance to individuals and companies from outside Australia that wish to conduct a financial services business in Australia. The newest version replaces the last guidance which was issued in June 2013. ASIC ...

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 ...

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 ...

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 ...