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Showing 431 - 440 of 1335 results for "Corporations"

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... which related to the purchase of land at Lot 2, 615 Hume Highway in Beveridge, Victoria, was not registered under the Corporations Act and subsequently has been ordered to be wound up. The decision comes after ASIC alleged that Askk raised more than ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... funders do not face the same regulatory scrutiny and accountability as other financial services and products under the Corporations Act."

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... with client money obligations between June 2016 and December 2018. Pershing pleaded guilty to three breaches of the Corporations Act and the Corporations Regulation. Pershing was fined $15,000 for a breach where the transferring sale proceeds from international ...

Adviser jailed over $2m Ponzi scheme

JAMIE WILLIAMSON  |  TUESDAY, 4 AUG 2020
... when Miller was banned from the financial services industry for 25 years. He was also disqualified from managing corporations for three years and was also the director of CFS Corporation Pty Ltd. It important to note that CFS Private Wealth and CFS Corporation ...

Regulatory, legal exam questions trip up advisers

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
... where advisers were most likely to underperform. Understanding the application of the FASEA Code of Ethics and the Corporations Act to advice scenarios also proved challenging to many. So too did the identification of client bases and how they may influence ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
... and their family which need to be investigated further. The Federal Court found that the defendants contravened the Corporations Act by operating the unregistered scheme and also failed to hold the required AFSL to do so. It has barred the defendants ...

AustralianSuper partners with greenhouse gas giants

ALLY SELBY  |  MONDAY, 27 JUL 2020
... and growing our low carbon businesses, products and services. We are also actively engaging countries, cities and corporations around the world to help them decarbonise. "Reliable and affordable energy is no longer enough. It must also be cleaner," he ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... harmed to get funding for a class action, meaning fewer class actions and less justice," Hardwick said. "It will mean corporations face fewer consequences for bad behaviour, making them more likely to try and get away with wrongdoing. "I suspect Frydenberg ...

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
... Sydney-based retail over-the-counter derivatives issuer operating as USGFX is suspended until September 23 under 915B of the Corporations Act 200 because it is under external administration. A spokesperson for the company said the administration was ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... of $420,000. The regulator also alleges that Forex Capital "contravened a ban on conflicted remuneration under the Corporations Act by paying account manager bonuses primarily based on client 'net deposits' (total client deposits less withdrawals) ...