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Showing 381 - 390 of 6170 results for "Statement"

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
The Federal Court has ordered Master Wealth Control, also known as DG Institute, to pay $5 million in fines for "making false and misleading representations" to customers in relation to its educational programs, Real Estate Rescue (PER) and Master Wealth ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... gives us confidence that we'll continue to grow the business into FY25," Generation Development Group said in an ASX statement. "We also remain buoyant about the opportunity and potential growth of the lifetime annuities market as we continue to invest ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
US-based investment manager Beaconsfield Capital has appointed McGrathNicol as receivers and managers to New Quantum Holdings, a non-trading holding company with operating subsidiaries including wealth management software platform New Quantum and options ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... rate decisions will be made "when and as" necessary, rather than being timed for political convenience. Green said that statement underscored the Fed's commitment to its dual mandate - controlling inflation and maximising employment - irrespective ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... changes made to reflect the final list of key functions and their descriptions. It also included an updated accountability statement guide and template to help entities subject to the FAR enhanced notification obligations to prepare accountability statements ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... to fork out a minimum levy of $1500 plus $2878 on a per adviser basis. According to the Cost Recovery Implementation Statement (CRIS), amounts are based on the total number of relevant providers on the Financial Advisers Register (FAR) at the end of ...

AAT slashes adviser ban

KARREN VERGARA  |  MONDAY, 8 JUL 2024
A financial adviser banned from practising for two years for failing to keep appropriate records had the term slashed in half by the Administrative Appeals Tribunal (AAT). The AAT varied ASIC's decision to ban Christopher Betalli from providing ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... response. Transparency is a key pillar of several of the committee's recommendations. It's been recommended that the statement of expectations that is currently issued for ASIC contain expectations and priorities relating to transparency, and ...

AAT mitigates adviser's permanent ban

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2024
... sat the exam only once on 13 November 2021. One month later, when he found out he failed it, he downloaded the exam statement and typed 'pass' over 'fail'. He then emailed Bluepoint responsible manager Tony Bates a screenshot of the falsified ...