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Showing 411 - 420 of 727 results for "Proceedings"

Finance cheats more likely to cheat: Study

ELIZABETH MCARTHUR  |  FRIDAY, 23 AUG 2019
... marital bounds. Financial advisers with misconduct associated with customer disputes, employment separation, regulatory proceedings, and criminal violations were all found to be more likely to use Ashley Madison than their misconduct-free counterparts. ...

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
... the Office of Enforcement is open for business. From January to June 2019, 10 individuals were charged in criminal proceedings brought by ASIC, 70 criminal charges were laid, six people were imprisoned and six received non-custodial sentences. About ...

Lloyds, pension fund pay $250m settlement

JAMIE WILLIAMSON  |  FRIDAY, 26 JUL 2019
... its subsidiary, Scottish Widows, reached a final settlement with Standard Life Aberdeen in relation to arbitration proceedings, with Lloyds Banking Group and Scottish Widows to pay $250 million (?140 million) compensation. The arbitration was the result ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... ASIC has flagged could lead to enforcement action. ASIC said it would reveal the identities of those suspects should proceedings commence. Additionally, the regulator will begin consultation to ban unsolicited outbound CCI sales over the phone. The practice ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... assessment to indicate if a director or any responsible person is under investigation or engaged in civil or criminal proceedings. Directors must also disclose if they have any directorships and/or shareholdings in any other entity. Deputy chair Helen ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
... property to the firm's clients via self-managed super funds established under its guidance. Beginning civil penalty proceedings in the Federal Court yesterday, ASIC alleged The SMSF Club advised clients to set up SMSFs and then use the SMSF to purchase ...

Law Council chides ASIC

HARRISON WORLEY  |  TUESDAY, 11 JUN 2019
... and said it was concerning to see ASIC make a statement which might "put undue pressure on parties not to contest proceedings or raise legitimate issues for determination by a court." The Law Council pointed out that with the stakes so high for people ...

Industry wide pay cut for boards

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... resignations." "Beyond that, there has been serious brand damage, hefty fines for poor conduct and, in some cases, criminal proceedings where the behaviour has been outright illegal. "The customer was not put at the centre of the experience, and their ...

Court throws out Aurora fund takeover bid

KANIKA SOOD  |  FRIDAY, 31 MAY 2019
... responsible entity of the fund. It has also ordered Primary Securities to pay Aurora Funds Management's costs of the proceedings. Aurora Funds Management, which acts as a responsible entity for several funds, had a tough year with a failed takeover ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... AMP companies. AMP said it acknowledges that a superannuation class action proceeding has been filed and that the "proceedings will be vigorously defended." "AMP and the trustees of its superannuation funds are firmly committed to acting in the best ...