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Showing 391 - 400 of 1369 results for "Corporations"

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... by clients support the imposition of a significant pecuniary penalty". Yoshai has also been banned from managing corporations for eight years, along with his 10-year ban from engaging in financial services. The court found Forex CT failed to do all things ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... consulting on the recommendations for litigation funding and class actions. The Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation of the class action industry, which was handed down on 21 ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... the circumstances, unconscionable," ASIC said. ASIC is seeking declarations of contraventions of the ASIC Act and Corporations Act, and is also seeking pecuniary penalties and other orders to be made by the court. AMP acknowledged the action and said ...

ASIC cancels AFSLs

ANNABELLE DICKSON  |  TUESDAY, 25 MAY 2021
... its Australian credit licence (ACL). Direct My Wealth also failed to maintain its membership with AFCA. "Under the Corporations Act 2001 and National Consumer Credit Protection Act 2009, ASIC may suspend or cancel an AFSL and ACL if the licensee is no ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... and is in liquidation - will see the corporate regulator in the Federal Court for several alleged breaches of the Corporations Act 2001. Between 26 October 2015 to 27 August 2018, ASIC alleges that Equiti FS paid three advisers bonuses worth $164,750 ...

Super fund whistleblower policies lacking: ASIC

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... element when explaining how potential whistleblowers can report their concerns and qualify for protection under the Corporations Act," she said. Press said ASIC has also observed that superannuation trustees in particular are not making their whistleblower ...

Long way for super complaints overhaul

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... were set out in RG 271 introduced last July. Under it, efficient complaints handling became an obligation under the Corporations Act. ASIC will also consider complaints on social media, objections to death benefit recipients and insurance claims handling ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... $16,710,669 from retail investors from five defective product disclosure statements for the trust that breached the Corporations Act. The documents were found to be misleading and deceptive, and omitted statements and information that should have been ...

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
... up PE Capital and its unregistered schemes and obtain declarations that the company acted in contravention of the Corporations Act. ASIC's investigation into PE Capital is ongoing. PE Capital is based in Victoria. Several investors have warned online ...

Low FASEA pass rate continues

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 MAY 2021
... congratulates successful candidates on completing an important component of their education requirements under the Corporations Act," FASEA chief executive Stephen Glenfield said. "Over 15,200 advisers have sat the exam with nine in 10 demonstrating ...