Search ResultsShowing 21 - 30 of 100+ results for "Regulatory"
Six charged in micro pump and dump scheme
ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
The US Securities and Exchange Commission announced that six people have been charged in an international microcap fraud scheme. The scheme allegedly generated $35 million of illegal sales of stock in at least 45 microcap companies. Those charged include ...
ASIC alters adviser levy
ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... due to so many advisers leaving the industry in 2019. Each year, ASIC issues levy invoices to recover most of its regulatory costs from regulated entities.
Consultation opens for design, distribution guidance
HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
The financial services industry has just over three months to influence ASIC's guidance on the new design and distribution obligations. ASIC has opened consultation on draft guidance for the new design and distribution obligation laws, which are set ...
Radio host adviser revealed as alleged fraudster
ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
The US Securities and Exchange Commission has charged a radio host and investment adviser with defrauding hundreds of retail clients out of millions. Keith Springer hosted a radio show called Smart Money with Keith Springer, which is how many of his ...
Consumer data right for open banking delayed
ALLY SELBY  |  FRIDAY, 20 DEC 2019
... necessary security and privacy protections operate effectively," it said. ACCC commissioner Sarah Court said that regulatory safeguards shouldn't be rushed. "The CDR is a complex but fundamental competition and consumer reform and we are committed to ...
New Year, new APRA
ALLY SELBY  |  FRIDAY, 20 DEC 2019
... coordinating compliance and monitoring approaches. "APRA maintained strong working relationships with Australia's key regulatory agencies throughout the year particularly those within the Council of Financial Regulators (CFR) including the Australian ...
ANZ overcharges 3.4 million customers
ALLY SELBY  |  THURSDAY, 19 DEC 2019
... rates and slower credit growth have had a significant impact on our business." "We have also needed to respond to more regulatory attention and heightened community expectations following the Royal Commission as well as increased remediation costs." ...
Westpac to pay $9.5m for Corps Act breaches
JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
Westpac has been ordered by the Federal Court of Australia to pay $9.15 million over poor financial advice provided by just one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest ...
18 misconceptions about FASEA code
ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... ethical principles - while this might be true for legislation, regulators look at ethical standards differently. How regulatory bodies with interpret the code cannot be predicted: "Yes, a degree of uncertainty applies to the Code of Ethics before it ...
Concerns over cancelled ASFL complaints
ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
ASIC has cancelled the AFSL of KP International Group after the regulator suspended it earlier this year, but concerns remain. ASIC said after the suspension, KP International advised the regulator that all relevant officers of the company had resigned ...
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