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

Search Results

Showing 21 - 30 of 91 results for "Margin loan"

Australian ETF industry passes $11 billion milestone

MARK SMITH  |  WEDNESDAY, 7 MAY 2014
Total funds in the Australian exchange traded fund (ETF) market surged to $11.13 billion in April, an almost 50% increase from 12 months ago. According to the latest ASX Funds Monthly Update, over $1 billion has flowed into ASX-listed in 2014, with ...

Planners shy away from margin lending advice

LAURA MILLAN  |  TUESDAY, 28 JAN 2014
Financial planners are shying away from margin lending advice following falls in the margin lending market in the second and third quarters of 2013. The proportion of planners advising on margin lending fell from 55% in 2012 to 45% in 2013, according ...

Adviser forced to pay back $684,000

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
... guilty. In late 2007 King allegedly borrowed from a client 85,000 Wesfarmers shares for three months as collateral for a margin loan account held by King's mother. In early 2008 Mr King's mother's account had two margin calls made on it, which King met ...

Macquarie and Storm victims settlement "wrong": Court

LAURA MILLAN  |  MONDAY, 12 AUG 2013
The Federal Court of Australia has determined that "a substantial wrong" occurred on May 2013 when a judged approved the settlement between Macquarie Bank and the victims of the Storm Financial fraud. The Court approved the request for appeal made by ...

Senior CBA exec puts blame on the bank for Storm disaster

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
Senior Commonwealth Bank (CBA) executive Ian Bailey declared that the bank's retail division had a role in the collapse of Storm Capital in January 2009. A document detailing an examination to Bailey by the Australian Securities and Investments Commission ...

OneVue strenghtens platform offering

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
OneVue has added two new investment options to its Unified Managed Account platform as part of its strategy to ensure greater compliance with the Future of Financial Advice (FoFA) reforms. The platform will offer two separate investment package options ...

ASIC appeals Macquarie's Storm settlement

MARK SMITH  |  MONDAY, 27 MAY 2013
The Australian Securities and Investments Commission (ASIC) has appealed against the Federal Court's decision to approve a settlement between the former clients of Storm Financial and Macquarie Bank. The settlement follows a class action brought against ...

Macquarie to compensate Storm investors in $82.5m deal

STAFF JOURNALIST  |  MONDAY, 18 MAR 2013
... an agreement to settle proceedings brought against it by investors advised by Storm Financial and who had Macquarie margin loan facilities. The settlement, an amount of $82.5 million including litigation costs, includes an acknowledgement by the investors ...

ASIC releases proposed conflicted remuneration guidelines

BEN COLLINS  |  TUESDAY, 2 OCT 2012
ASIC has released proposed guidance on the conflicted remuneration ban, as part of the Future of Financial Advice (FOFA) reforms. The ban on conflicted remuneration includes commissions and volume-based payments in relation to advice about retail investment ...

ASIC civil case a dead duck: Storm founders

MELANIE TIMBRELL  |  THURSDAY, 20 SEP 2012
Lawyers for Storm founders Emmanuel and Julie Cassimatis have urged Federal Court judge John Reeves to dismiss ASIC's civil action, saying the regulator has no reasonable prospect of success in prosecuting the couple for breach of director duties. ASIC ...