Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 441 - 450 of 1607 results for "Investigation"

NAB denies underpaying full-time workers

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
National Australia Bank is denying it underpaid full-time employees as part of its ongoing investigation into a payroll bungle, which to date has repaid $55 million. The Financial Sector Union has raised concerns that current and former full-time NAB ...

UBS, Nomura cop fines over bond cartel

KANIKA SOOD  |  TUESDAY, 25 MAY 2021
... five-year limitation period for imposition of fines. UBS got a 45% discount on its fine for cooperating with the EC's investigation.

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
... unregistered schemes and obtain declarations that the company acted in contravention of the Corporations Act. ASIC's investigation into PE Capital is ongoing. PE Capital is based in Victoria. Several investors have warned online that they lost money ...

ASIC cracks down on investment guru

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... "ASIC financial services licence". These statements have been removed at the regulator's request. ASIC said its investigation into Grubisa is ongoing. Grubisa runs the DG Institute, which provides webinars and online courses focused on property investing ...

Adviser faced with further dishonesty charges

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... for stealing super. Rahul Goel was first charged with four counts of dishonest conduct in October 2020 after an investigation by ASIC which alleged he submitted applications to AustralianSuper for the early release of members' funds on hardship grounds ...

Former Australian Unity adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 29 APR 2021
... higher fees. Chan also failed to disclose the emails to his licensee and ASIC at the outset of the regulator's investigation, which ran between 2017 and 2018. Throughout the investigation, Chan continued to be authorised by Australian Unity Personal ...

Queensland bans Dollarmites

KARREN VERGARA  |  TUESDAY, 27 APR 2021
... will not renew its agreement with CBA when it ends on 31 July 2021. The moves come off the back of ASIC's landmark investigation into the school-banking program, which has been dominated by CBA's Dollarmites, released in late 2020. The two-year review ...

ASIC opens breach reporting consultation

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... calendar days after the licensee is aware of a reportable situation. There will also be an obligation to report an investigation into whether there is a reportable situation where that investigation continues for longer than 30 days and ASIC will additionally ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... surveillance. He was an authorised representative of Aon Hewitt from February 2009 to December 2018. The regulator's investigation found that between 2014 and 2017, Hills allowed or authorised misleading and inaccurate letters about superannuation to ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
The Association of Financial Advisers wants to defer the proposed self-reporting of breaches regime amid concerns it will be impossible for small financial advice firms to comply with. The AFA outlined its concerns about Commissioner Kenneth Hayne's ...