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Showing 431 - 440 of 1607 results for "Investigation"

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 ...

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
... dismissed by the appeals tribunal. Robert Hutchison was permanently banned from the industry in 2017 after an ASIC investigation found that he funneled clients' advice fees into his personal bank account and then deducted platform and financial product ...

ASIC drops Regal action

ANNABELLE DICKSON  |  WEDNESDAY, 16 JUN 2021
... Securities and Investments Commission (ASIC) has dropped enforcement action against Regal Funds Management following an investigation in 2019. Regal has received a formal no-action letter from the corporate regulator confirming that no enforcement action ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
IFM Investors has been named in a class action regarding the Colonial Pipeline, which the industry fund investment house acquired in 2007 as part of a consortium. The class action was filed in the United States District Court in the Northern District ...

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
National Australia Bank and its subsidiaries, including JBWere, are allegedly failing their anti-money laundering and counter-terrorism financing obligations, according to AUSTRAC. The financial intelligence agency is investigating NAB's "potential ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... significant collusion between big banks in the UK was revealed. The LIBOR scandal of 2012 resulted in a US Congress investigation and a parliamentary enquiry in the UK. Court documents filed in Singapore saw a Royal Bank of Scotland trader confirm that ...

Criminal charges filed against ME Bank

JAMIE WILLIAMSON, KANIKA SOOD  |  THURSDAY, 27 MAY 2021
... The Commonwealth Director of Public Prosecutions is pursuing criminal charges against ME Bank following an ASIC investigation. The regulator said the charges relate to contraventions of sections 12DB(1)(g) and 12GB(1) of the ASIC Act and sections 64(1) ...

Former adviser charged with $3.3m fraud

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
... statement: "Gavin informed me of the allegations on Saturday 14th March 2020. I suspended him on the spot pending an investigation. Following that investigation that took a week, I sacked him. He had worked for us for 10 years." Hooper added that Fineff ...

ASX deputy chief executive resigns

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... technology to deliver innovation and efficiency across our industry. This is best exemplified by his leadership of the investigation and adoption of distributed ledger technology to underpin the replacement of CHESS." ASX said its blockchain replacement ...

Former adviser jailed for six years

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... money without their knowledge to fund holidays, pay rent and credit card debts, and repay personal loans. ASIC's investigation into Hopkins commenced in 2019 in response to allegations that QWL had failed to assist the Australian Financial Complaints ...