Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 371 - 380 of 893 results for "Failing"

S&P kicks companies off ESG index

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAY 2020
... launched last year, with some surprising companies kicked out. Twitter and Walmart were dropped from the ESG index for failing to meet certain ESG standards while Facebook, which was removed last year due to several controversies, made a re-entry. Twitter ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
ASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo ...

Adviser guilty of misuse of client money

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... from providing financial services for 10 years for providing advice that was not in the best interest of his clients and failing to provide statements of advice and fee disclosure statements. Melbourne-based Bimaljeet Sekhon was banned for three years ...

AFSL pleads guilty to mishandling client money

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... s993B(1) between 25 January 2016 and 31 December 2018 by receiving money in connection with financial services, and then failing to pay that money into an account that satisfied the client money requirements within s981B of the Corporations Act 2001. ...

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... has permanently banned an ACT financial adviser over dodgy SMSF advice, and banned another from NSW for three years for failing to consider clients' best interests. Jane Myers, an authorised representative of Spectrum Wealth between 2013 and 2017, has ...

Aussie equities winners, losers revealed

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... performance of the majority of active managers was simply indicative of a troubled industry-large-cap equity managers failing to consistently deliver returns above the index, but still charging high annual fees," the research house explained. "While ...

SMSF auditors come under fire

ALLY SELBY  |  THURSDAY, 23 APR 2020
... breaches, in addition to deficiencies in auditing asset valuation and compliance with financial reporting requirements and failing to obtain signed financial statements, and breaching CPD requirements. In addition to these disqualifications, ASIC imposed ...

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
The Prime Minister has called on industry super funds to invest in failing businesses, like Virgin Australia, to help sustain them during the COVID-19 crisis. Speaking on the ABC, Prime Minister Scott Morrison said industry super funds should be doing ...

Whistleblowers rewarded US $570k

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... sanctions paid to the SEC by securities law violators. Separately, the SEC charged an unregistered penny stock dealer with failing to register as a securities dealer. Justin Keener of JMJ Financial allegedly bought and sold billions of newly issued penny ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... members and employees is - look after yourselves and if you need to talk to someone, call a family member or friend, or failing that contact Lifeline on 13 11 14." Hostplus chief executive David Elia said that the fund has not had many enquiries from ...