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Showing 411 - 420 of 4090 results for "Conduct"

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... that JPMSAL's failure to identify its client's trading as suspicious was "careless", that JPMSAL should have detected the conduct, and should have acted more expeditiously when alerted to it by ASIC. JPMSAL has complied with the infringement notice and ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... result of inappropriate investments, fees, and charges. "The small subset of financial advisers benefitting from this conduct threaten to undermine the reputation of the rest of the industry," he said. "Deterring cold calling for superannuation switching ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
The superannuation performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard. Mercer associate Kieran Chu said while the Your Future ...

Asset managers prioritising product quality: Northern Trust

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Investment managers are focused on the quality and accuracy of their products to enhance the investor experience and growing their distribution in the next two years, according to a recent survey of 300 global asset management firms conducted by WBR ...

Adviser fakes exam certificate, cops ASIC ban

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... employed at NAB as a business development manager, according to her LinkedIn profile. ASIC said Baaini engaged in "dishonest conduct and failed to act with integrity and sound judgment" and was "not a fit and proper person" with respect to working as ...

Dividends up but share buybacks fall: Janus Henderson

ELIZA BAVIN  |  WEDNESDAY, 24 APR 2024
... accounting for $1 in every $17 of the global total in 2023. Companies in Asia Pacific ex-Japan were the least likely to conduct buyback programmes, Janus Henderson said. The big year-on-year reduction (down 40%) mainly reflected lower share buybacks ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
Almost 90% of surveyed auditors do not support the government's requirements to implement mandatory climate reporting and assurance on private companies, not-for-profits and companies limited by guarantee, according to a new survey. The survey was conducted ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... "ASIC imposes financial requirements upon AFS licensees to help ensure that they have sufficient financial resources to conduct their business in compliance with financial services laws," ASIC said. "The requirements provide important consumer protections ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... provide its financial services efficiently, honestly and fairly. Macquarie agreed to pay a penalty of $10 million for its conduct.