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Showing 421 - 430 of 1606 results for "Investigation"

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... member and to the consumer to raise our concerns," Untersteiner said of AFCA's new way of doing things. "If our investigation told us that the complainant had not suffered loss, or the financial firm had not made an error - we closed the complaint." ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... AMP did have some reprieve earlier this month however, with the regulator confirming it was dropping a criminal investigation related to the group's Buyer of Last Resort Policy and the way in which AMP continued to charge orphaned advice clients ...

Companies failing harassment victims: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... Szlakowski's time at AMP Capital, where she would formally accuse Boe Pahari of sexual harassment. An independent investigation into Szlakowski's complaint against Pahari, commissioned by AMP Capital, found her accusation to be credible. However, Pahari's ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
ASIC released more information on what financial advisers can expect from the new reference checking laws, which take effect on October 1. New protocols administered by ASIC requires a licensee recruiting a prospective financial adviser to request a ...

ASIC releases grandfathered arrangement findings

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... GCRs and if they passed on any grandfathered benefits or rebates where necessary. "Overall, the findings of our investigation were very pleasing. Nearly all product issuers ended GCR arrangements before 1 January 2021," ASIC said.

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
ASIC's criminal investigation into AMP's fee-for-no-service conduct related to its Buyer of Last Resort Policy has wrapped up, with the regulator and Commonwealth Director of Public Prosecutions determining no charges should be brought. Under ...

Former Hillross adviser pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 13 JUL 2021
... authorised representative of Hillross between 2010 and 2016, has plead guilty to false document charges following an ASIC investigation. Kourieh pleaded guilty to one count of making false documents and one count of using false documents under the Crimes ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
Member complaints about superannuation to AFCA fell 31% in the year ending 30 June 2021, after a spike in FY20 stemming from the early release of superannuation allowed during the pandemic. AFCA did not provide a breakdown of complaint types for superannuation ...

UK bans crypto exchange Binance

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... statement saying it had received a "letter of commendation" from the UK South East Regional Organised Crime Unit. The investigation in question related to the supply of Class A drugs via the dark web. "At Binance, we are proud to have a strong track ...

ASIC fines trading firm

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... supervisory compliance, with the drivers of meaningful change being primarily attributable to responding to ASIC's investigation." Life Trading has since made improvements to its supervisory and compliance procedures, but the MDP is concerned of the ...