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Showing 21 - 30 of 53 results for "Regulator ASIC"

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... purchase plan investors caught unaware by AUSTRAC's action against the bank. Following discussions with corporate regulator ASIC, Westpac has opted to provide a withdrawal option for applicants to its share purchase plan who applied for shares before ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
Corporate regulator ASIC is reinforcing the illegality of superannuation funds inducing employers and the serious consequences that come with breaching the new law. ASIC released Infosheet 241 on Wednesday, reminding trustees that influencing employers ...

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
An overwhelming number of Financial Standard readers have backed corporate regulator ASIC's move to ban the unsolicited sales of life insurance. Ninety-four percent of participants, who voted in a spot poll conducted last week, said life insurance ...

Asset manager reshuffles board

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... the recent return of chief executive officer Nicholas Bolton, who left the firm in November 2015 after corporate regulator ASIC ordered his ousting. ASIC's order expired while Bolton had been appealing the decision through the Administrative Appeals ...

ASIC marks AFCA milestone

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
Corporate regulator ASIC said it has approved the Australian Financial Complaints Authority's complaint resolution rules, marking a significant milestone in time for its November 1 launch. ASIC gave the green light on the AFCA's complaint resolution ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
... regarding their superannuation, MLC Super chief executive Matthew Lawrance said. The move is off the back of corporate regulator ASIC engaging in "ongoing discussions" with MLC trustee NULIS. MLC appointed an independent expert to review compliance breaches ...

Centrepoint bumps up advice litigation provision

KARREN VERGARA  |  MONDAY, 2 JUL 2018
... trust that consumers place in the financial services industry, and Centrepoint, in particular," he said. Corporate regulator ASIC banned former PIS financial adviser Ramana Rao from providing financial services for three years in November last year. ...

Former BBY adviser cops 10-year ban

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2017
... adviser has been banned for 10 years, while an ex-CBA adviser pleaded guilty to forging client documents, corporate regulator ASIC said. ASIC banned Perth-based Sergio Nicolo Belardo, a former authorised representative of stockbroking firm BBY between ...

ASIC sets sights on IPO investment

EMMA RAPAPORT  |  FRIDAY, 1 SEP 2017
... could not be relied on to tell the whole truth about an IPO. An ASIC review in 2016 of prosecutes resulted in the regulator ASIC requiring corrective disclosure from issuers on 134 occasions, making 56 interim stop orders and five final stop orders. ...

Super funds on notice over disclosure deadline

DARREN SNYDER  |  MONDAY, 28 AUG 2017
... significant changes in the way superannuation and managed investment funds disclose fees and charges. Corporate regulator ASIC said the changes will help bring industry-wide consistency to product disclosure statements (PDSs), as well as better alignment ...