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Showing 371 - 380 of 4124 results for "Conduct"

BUSSQ board members removed

ANDREW MCKEAN  |  FRIDAY, 13 SEP 2024
... licence conditions on BUSSQ's trustee. These licence conditions related to the appointment of an independent third party to conduct a review of the trustees' fitness and propriety framework for directors and expenditure decisions which pertain to the ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... used the money to fund his own lifestyle, including gambling and personal entertainment expenses. The judge described his conduct as "brazen" and "a serious breach of trust." He added that the crimes were motivated by greed and noted that, at the time ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... frozen. The investigation is ongoing. "ASIC is concurrently investigating a number of persons and entities involved in conduct where members of the public were cold called and received financial advice to invest in Shield via a superannuation platform," ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... financial adviser Bradley Grimm has been convicted by the County Court of Victoria on three counts of engaging in dishonest conduct while running a financial services business. Grimm was sentenced to 18 months' imprisonment, with nine months to serve ...

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 ...