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

Search Results

Showing 451 - 460 of 3918 results for "law"

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of retail over-the-counter (OTC) derivatives issuer XTrade. XTrade offered clients opportunities to trade in contracts for difference ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial services law." Block Earner is the trading name of Web3 Ventures. It was founded in 2021 by Charlie Karaboga and Jordan Momtazi and backed ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... earnings corresponding to the portion of their superannuation balance above $3 million," he said. "While the tax is not yet law, many advisers have been on the front foot and have already discussed this proposed change with clients. For those who haven't ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... changes will be redundant." Carpenter also blasted the requirement for a criminal conviction, pointing out that the Victorian Law Reform Commission found that for every 1000 children sexually assaulted, only about six cases result in a conviction. "With ...

Australians selling assets over seeking help: ASIC

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... than seek financial hardship assistance," ASIC commissioner Alan Kirkland said. "Customers in hardship are entitled under the law to request assistance. These findings should be top of mind for lenders when supporting Australians in financial hardship." ...

Preqin launches new term intelligence tool

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... rate and by extension, how to distill the true cost implications across the fund's life." Preqin said while some large law firms already have an internal database of LPA terms that they have previously worked on, they may provide limited insight ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
ASIC slapped a three-year ban on a former Life Plan FP financial adviser for failing to act in the best interests of clients and not being able to maintain "high standards". Gawad Nabi, who served as an authorised representative of Hobart-based Life ...

New platform launches for high-net-worth families

ELIZA BAVIN  |  FRIDAY, 24 MAY 2024
A new platform has launched in Australia today for high-net-worth families, to assist them in organising intergenerational wealth transfers. HeirWealth is a family wealth platform that aims to address challenges that individuals, families and professional ...

Fidelity confirms active ETFs to launch in coming weeks

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
After receiving approval from unitholders to create a new class of units for several of its funds, Fidelity International will launch four active ETFs by June 3. Earlier this month, Financial Standard reported Fidelity's plans to expand its range of ...

ASIC issues experienced pathway guidance

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... qualifications. It serves as an alternative for advisers to satisfy the qualifications and professional year standards. The new law passed last year states that an experienced provider is a person who was a relevant provider of personal advice for at ...