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Showing 391 - 400 of 3703 results for "Order"

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... 2020, following the boom in retail investors at the outset of the pandemic, ASIC imposed an 18-month product intervention order on the issue and distribution of CFDs, effective 29 March 2021. This was extended in April 2022 to May 2027. ASIC reported ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... by trustees must align with information provided to the Australian Prudential Regulation Authority (APRA). The ASIC Class Order [CO 14/541] was first launched in 2013 and aims to provide relief from this section of the SIS Act. ASIC said the exemption ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... unable to pay their rent, and many found themselves homeless. Before its downfall, in August 2017 ASIC issued an interim stop order on product disclosure statements (PDS) issued by Theta Asset Management (Theta) offering investments in the SIT. In 2021 ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
The corporate regulator is taking TelstraSuper to the Federal Court for allegedly failing to comply with internal dispute resolution requirements. ASIC alleges that 40% of the corporate superannuation fund's responses to complainants during a specific ...

Federal Court freezes assets of pension platform

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
... financial institution in Australia and elsewhere in which Brite has any legal or equitable interest. ASIC said the interim order aims to help protect the beneficiaries of the assets under management by Brite, including individuals who have their pensions ...

Institutions must come to the table now: First Australians Capital

CASSANDRA BALDINI  |  FRIDAY, 27 OCT 2023
... also get involved." No doubt the narrative is shifting but Saulo affirms that those in the space can't do it alone. "In order for us to get there, we need people to come to the table now, with patient capital and an understanding of the historical ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... be certain, given that long horizon, we see the balance of risks as suggesting the RBA will need to lift its cash rate in order to be able to continue to plausibly forecast that inflation returns to target over that horizon. "The door is open for a November ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... amended documents filed by ASIC included additional allegations that were outside the scope of the Full Court's remittal order and should therefore not have been allowed to be filed. Mawhinney also questioned why these additional contraventions had not ...

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
Piper Alderman is examining a second class action in relation to contracts for difference (CFD) products, this time against International Capital Markets Limited (IC Markets). The action is on behalf of retail investors who claim to have collectively ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... her," said McCabe. "At a minimum, she should have had processes in place to review content on her website." For a banning order to be established, McCabe said, it is not a requirement for either ASIC or the Tribunal to be convinced that [the subject ...