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Showing 431 - 440 of 792 results for "fraud"

ASIC national exam proposal lacks evidence: CMCRC

ALEX BURKE  |  TUESDAY, 20 JAN 2015
... the General Securities Representative Exam (GSRE, or Series 7 Exam) in the US to determine whether it impacted rates of fraud. Aitken also noted that the proposal illustrated wider regulatory issues, arguing that ASIC has been "making or authorising ...

Senate grills ASIC after it blocks 250,000 websites

LAURA MILLAN  |  TUESDAY, 2 DEC 2014
... after blocking a quarter of a million websites when it was seeking to prevent access to sites associated with investment fraud. A public hearing by the Senate Communications Committee tomorrow will be asking ASIC officials why websites such as the Melbourne ...

Brisbane adviser pleads guilty to $9 million fraud

LAURA MILLAN  |  FRIDAY, 28 NOV 2014
A Brisbane-based financial adviser has pleaded guilty to 54 charges involving a $9 million fraud. Thanh Quoc Tu was permanently banned from financial services in July 2014 and the charges he now faces could carry a maximum penalty of up to 12 years ...

Adviser jailed for two years over $1.5M fraud

LAURA MILLAN  |  MONDAY, 24 NOV 2014
A former Perth-based financial adviser has been jailed for two years for stealing almost $1.5 million worth of shares. Michael King was made eligible for parole, but the Australian Securities and Investments Commission (ASIC) commissioner John Price ...

Share trader jailed over $260,000 fraud

LAURA MILLAN  |  MONDAY, 3 NOV 2014
A share trader was jailed for 18 months for fraudulently misappropriating $260,000 from two investors and using the money for his own personal benefit. New South Wales-based William John Jones will serve 10 months before being eligible for parole. He ...

APRA releases draft RSE fraud management guide

ALEX DUNNIN  |  MONDAY, 27 OCT 2014
... Australian Prudential Regulation Authority (APRA) has just released for consultation a draft prudential practice guide concerning fraud risk management that Registrable Superannuation Entity (RSE) licensees will be expected to follow. In it the regulator ...

Accountant pays $10,000 fine for $100,000 fraud

LAURA MILLAN  |  FRIDAY, 3 OCT 2014
A former Perth company director will have to pay a $10,000 fine after inducing a 70-year-old investor to give his business a cheque for $100,000 and then using it for his own purposes. Andy Kay Hooi Lim saw his 12 months jail sentence wholly suspended ...

Penalties for fund managers too lenient

MARK SMITH  |  WEDNESDAY, 10 SEP 2014
The penalties dealt out to fund managers who commit fraud are not a severe enough deterrent, according to a senior university lecturer. Dr Pelma Rajapakse of Griffith University was commissioned to write a report by the Australian Centre for Financial ...

SEC bestow first whistleblowers awards

ALEX DUNNIN  |  THURSDAY, 4 SEP 2014
... "Individuals who perform internal audit, compliance, and legal functions for companies are on the front lines in the battle against fraud and corruption. They often are privy to the very kinds of specific, timely, and credible information that can prevent ...

Senate bill challenges general advice definition

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
Greens Senator Peter Whish-Wilson has decided to get ahead of the Financial System Inquiry (FSI) and is set to table a bill to change the definition of 'general advice.' The Senator will introduce the private member bill today during the Senate sitting ...