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Showing 361 - 370 of 6715 results for "Securities"

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... 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 Mellon ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... of the CHESS Replacement project. The ASX has four core business units: listings, markets, technology and data, and securities and payments. Total listings revenue dragged the performance, having been 4.8% lower at $208.2 million. "The uncertain macro ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based ...

Global X names head of portfolio management

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... replace Cliff Man, who will depart the business after more than a decade with Global X and its predecessor business ETF Securities. Mirae Asset Global Investments - the parent company of Global X - chief global officer Young Kim welcomed Wolak to the ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
Australian Securities and Investments Commission (ASIC) commissioner Simone Constant did not hold back when addressing superannuation trustees at an industry event yesterday. Constant said the regulator expects much more from super funds in being transparent ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ...

FAAA calls on advisers: 'We ask for your support'

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... CSLR legislation and failed to do a regulation impact statement for the CSLR. The FAAA also took aim at the Australian Securities and Investments Commission (ASIC) for "failing to take action against Dixon Advisory in a timely manner" and for postponing ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... interest rate hikes pose significant risks for Australian businesses," Kearney said. The report comes after the Australian Securities and Investments Commission (ASIC) said fewer than one in 10 liquidators have adopted a simplified liquidation process ...

Global X loses another senior talent

ANDREW MCKEAN  |  WEDNESDAY, 7 AUG 2024
... portfolio management Cliff Man will exit the firm later this month, after an almost 11-year stint. Mann joined ETF Securities in Hong Kong before transitioning to the Australian business in 2016. Global X said he was instrumental in building and expanding ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... the licence," Berry said. The CSLR is actively managing 102 claims - 79% of which related to financial advice - while securities dealing and credit intermediaries such as finance and mortgage brokers comprise 15% and 5% respectively. The scheme has paid ...