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

Search Results

Showing 461 - 470 of 3707 results for "Order"

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
The Federal Court has extended the travel ban on Magnolia Capital's founder as he faces an ASIC investigation that alleges $40 million of investor money has gone missing. Mitchell Atkins, also the managing director and chief investment officer of Magnolia ...

AUSTRAC drops action after Bell FG audit

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
The regulator confirmed it will not take further action against Bell Financial Group's three subsidiaries following an audit of its financial crime law compliance. Last February, AUSTRAC ordered an external auditor assess Bell Potter Securities ...

BlackRock raises $500m for Super Battery

ANDREW MCKEAN  |  THURSDAY, 29 JUN 2023
BlackRock Alternatives has secured over $500 million from Australian and global institutional and sovereign co-investors to expedite the development of the Waratah Super Battery. The Waratah Super Battery (WSB), believed to be one the largest committed ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
... services business or engaging in credit activities. He was released immediately after entering into a recognisance release order and fined $10,000. The regulator said Wertheimer has the right to appeal the decision before the Administrative Appeals T ...

Rest appoints WTW as asset consultant

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
... refined our governance framework and strengthened the expertise and experience within our investments team in recent years in order to position the fund for further growth. The appointment of a new asset consultant is the next step in this process," ...

New inquiry targets audit sector following PwC scandal

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... named and held to account," she said. "More broadly, it is imperative that the entire sector is properly investigated in order to maintain the proper function of the Australian market."

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
Morrison Securities (Morrison) has paid a penalty of $333,000 to comply with an infringement notice given by the Markets Disciplinary Panel (MDP). According to the MDP, Morrison contravened the ASIC Market Integrity Rules on six occasions between October ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... each successive audit, starting in 2023. The FSCP typically oversees lesser offences and can issue warnings or reprimands; order mandatory training, supervision, counselling or reporting; and suspend or cancel registrations. It can also issue an infringement ...

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
Advance Asset Management funds will no longer be available to direct retail investors following a rather significant change to the eligibility criteria for investment. Currently, Advance AM funds have a minimum investment of $5000 and are available ...