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Showing 401 - 410 of 1609 results for "Investigation"

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... with APRA over historical matters related to its superannuation business. The CEU follows more than two years of investigation by APRA and relates to trustees AMP Superannuation Limited and N.M. Superannuation Proprietary Limited and funds Super Directions ...

APRA moves to force EISS Super merger

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... licence - including that it must merge with a larger fund by the middle of next year. The move follows APRA's investigation into expenditure and governance matters, the regulator said. It also follows the fund's failure of the inaugural Your ...

ASIC shuts down unlicensed investment scheme

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... facilitate the transfer of remaining crypto assets held or controlled by the defendants to the receivers. ASIC said its investigation into Hala, Walters and A One Multi remains ongoing.

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... Timeshare company Ultiqa Lifestyle Promotions is in the firing line for providing bad financial advice, following an investigation by ASIC. ASIC alleges that between October 2017 to March 2019 the advice was provided by authorised representatives promoting ...

Most shorted companies on ASX: Report

ELIZABETH MCARTHUR  |  TUESDAY, 2 NOV 2021
... short sellers taking positions on the stock. "The company is a leading casino operator and a recent royal commission investigation concluded that the company had engaged in 'illegal, dishonest, unethical, and exploitative' conduct," Fintel said. "Despite ...

BOQ divests St Andrew's Insurance

KARREN VERGARA  |  WEDNESDAY, 27 OCT 2021
... St Andrew's made a voluntary disclosure to ASIC about Select potentially mis-selling funeral insurance. An ASIC investigation also found that phone-based sales practices of Let's Insure, a subsidiary of Select, had three times more inappropriate ...

End of the road for Dollarmites

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... literacy. Instead, it found they used sophisticated marketing techniques to target vulnerable consumers," he said. An investigation by CHOICE found that Dollarmites was "sticky" and that 46% of Australians opened their first account with CBA while one ...

Capstone drops jailed adviser

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
... authorisations. The FBAA commented: "We are aware of the media reports around Mark Babbage and are undertaking an investigation. The FBAA upholds a high standard for membership, and the integrity of our members is non-negotiable." Babbage and his companion ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... Group and Bhandari involving its superannuation fund. Bhandari was permanently banned by ASIC in March 2021 after an investigation found he was giving personal advice while only authorised to give general advice and was prioritising his own interests ...

IDII pitfalls advisers should avoid

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... going to include what's affordable now and what might be affordable in the future. It includes [a reasonable investigation] into the financial products that are available and how those products would meet those objectives and needs and that the recommendation ...