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Showing 381 - 390 of 2495 results for "Legal"

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... Mark Stubbings. Commenting on the matter, ASIC deputy chair Sarah Court said firms dealing in financial products have a legal obligation to be licensed. "The licencing regime requires financial services businesses to meet important disclosure, design ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... disruptor, it makes you a criminal." Secretary of the Treasury Janet Yellen added that Binance turned a blind eye to its legal obligations in the pursuit of profit. "Its willful failures allowed money to flow to terrorists, cybercriminals, and child ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
After three years, the head of institutional solutions at Allianz Retire+ has departed. Fintan Thornton has left the retirement specialist to take on a new role at a health fund. It comes at a time of turmoil for the retirement industry, which has come ...

Rest hires policy lead from HESTA

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
... environment for just over two years. He also spent three years working for former Victorian premier Daniel Andrews. Burgio has a legal background, including eight years as a senior associate focused on employment and industrial relations law at Maurice ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... E&P and other respondents have agreed to a settlement payment of no less than $16 million settlement sum), inclusive of legal costs in full, in final settlement of the claims of the lead applicant and group members." If the settlement is approved by ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... 1) Bill 2024 details 11 out of the 22 Quality of Advice Review (QAR) recommendations in which Treasury said will provide legal certainty around removing onerous red tape that adds to the cost of advice with no benefit to consumers. Advisers can expect ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
More than $17.4 million has been made in compensation payments to retail clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... sustainability goals and activities, even if they are well intentioned or plausible, to avoid threats of tarnished reputations and legal action. "There is a need for clear, updated guidance from the regulator or accounting bodies as to what constitutes ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... reporting and audit surveillance program is designed to improve the benchmark of financial reporting, ensuring compliance with legal standards. To monitor adherence to the Corporations Act 2001 and Australian Accounting Standards, the regulator frequently ...