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Showing 441 - 450 of 1643 results for "Investigation"

End of the road for Dollarmites

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... literacy. Instead, it found they used sophisticated marketing techniques to target vulnerable consumers," he said. An investigation by CHOICE found that Dollarmites was "sticky" and that 46% of Australians opened their first account with CBA while one ...

Capstone drops jailed adviser

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
... authorisations. The FBAA commented: "We are aware of the media reports around Mark Babbage and are undertaking an investigation. The FBAA upholds a high standard for membership, and the integrity of our members is non-negotiable." Babbage and his companion ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... Group and Bhandari involving its superannuation fund. Bhandari was permanently banned by ASIC in March 2021 after an investigation found he was giving personal advice while only authorised to give general advice and was prioritising his own interests ...

IDII pitfalls advisers should avoid

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... going to include what's affordable now and what might be affordable in the future. It includes [a reasonable investigation] into the financial products that are available and how those products would meet those objectives and needs and that the recommendation ...

Former Regal FM portfolio manager banned

JAMIE WILLIAMSON  |  WEDNESDAY, 22 SEP 2021
... occurred between March 2018 and June 2019. Regal Funds Management notified shareholders in November 2019 that an ASIC investigation into the trading of "certain securities" had commenced. In June this year the regulator dropped its enforcement action ...

Former adviser banned after super theft

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
... permanent ban was appropriate to prevent him doing the same thing in future. His misconduct was uncovered as part of an investigation that began in 2019 after he refused to cooperate with the Australian Financial Complaints Authority following client ...

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... CBA released a statement to the ASX acknowledging the proceedings. "CBA has cooperated fully with ASIC during its investigation... CBA will plead guilty to the charges and has agreed a statement of facts with ASIC and the CDPP," the bank said. CBA added ...

Former Vocus chair charged with insider trading

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
... dumping his Vocus shares after he knew an acquisition of the company was unlikely to go ahead. Following an ASIC investigation, Vaughan Bowen was charged with two counts of insider trading in Melbourne Magistrates Court. Bowen disposed of 5.6 million ...

Criminal charges in property investor collapse

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
... procuring the commission of an offence. The charges follow an ASIC-led Serious Financial Crime Taskforce (SFCT) investigation into the collapse of the groups and alleged associated phoenix activity. The matter will next be heard in court in November. ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... that oversight over how super funds vote ultimately sits in APRA's domain. "We certainly haven't done an investigation on the proxy advisers policies of the super funds [and] their voting of proxy shares. I do think though each super fund will ...