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

Search Results

Showing 21 - 30 of 172 results for "Gambling"

GESB debuts first sustainable option

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2023
... excluded differing across asset classes, they include things like fossil fuels, alcohol, pornography, uranium, logging, gambling, animal cruelty, predatory lending, or companies found to have significantly breached social or environmental norms or regulations. ...

Former adviser lands in jail

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
A former financial adviser who took more than $1 million from clients to feed his online gambling addiction has been sentenced to jail for five years. The District Court of Western Australia found Mark Raymond Sebo guilty of misappropriating $1,056,685.18 ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... that posed too great a risk to the environment and the community, including tobacco manufacturing, oil tar sands and gambling," ASIC said. "Active Super also stated that they had added Russia to their list of excluded countries, following the invasion ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... as 'financial heroin hits," she said. "We consider, and the court in that case considered, CFDs to be little more than gambling. We know that most people who invest in these products lose their money and that those losses are substantial." After the ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... October 2016 and March 2020, the District Court of New South Wales heard on April 21, only to use the funds to feed his gambling addiction. The hearing detailed how Fineff played his unwitting clients, 11 of which were approached to invest in Sentinel ...

Early super release scheme a mistake: ISA

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
... result of the pandemic, the study also found many used withdrawn funds for non-essential purchases such as takeout food, gambling, and furniture. To prevent future governments from opening access to super during economic downturns, the ISA recommended ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... Superannuation exposed investors to industries the fund said were excluded from the offering, such as coal, alcohol production and gambling," Longo said in his speech. ASIC alleges Mercer made false and misleading statements and engaged in conduct that ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... its website that certain companies were excluded in their investments, such as those producing alcohol and operating in gambling. For example, 19 companies involved in gambling such as Aristocrat Leisure, Caesar's Entertainment Inc, Crown Resorts ...

Australians lack confidence in retirement: SSGA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
... sustainability, with most respondents supporting exclusions for industries such as tobacco, controversial weapons, and gambling. On the results, SSGA head of investments, Australia Jonathan Shead commented: "We've seen plenty of financial turmoil ...

UK regulator warns trading apps over gamification

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... trades than they otherwise would. FCA research surveyed over 3000 users of four different apps, adapting the Problem Gambling Severity Index for a survey on investing, asking a range of questions aimed at identifying potential problematic behaviour. ...