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Showing 471 - 480 of 727 results for "Proceedings"

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
... fee for no service clients, as at December end, in its Royal Commission submissions. ASIC initiated civil penalty proceedings against CBA in January, alleging it traded in the bank bill market with the purpose of affecting the yield and the BBSW to its ...

Budget 2018: Social media reaction

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... https://t.co/o65bB86uwX #auspol #Budget2018 - Liberal Party (@LiberalAus) May 8, 2018 Federal Treasurer Scott Morrison began proceedings by saying the Government continues to live within its means. Fill up your piggy bank: The Government says the underlying ...

ASIC drags NSW adviser to court

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... life insurance commissions from illegitimate applications, will face the Federal Court this month. ASIC has commenced proceedings against Graeme Walter Miller and three related companies: CFS Private Wealth Pty Ltd, Combined Financial Solutions and BDM ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... be set by a multiple of benefit gained or loss avoided, and lastly, to allow for disgorgement of profits in civil proceedings. However, it is waiting for the financial services Royal Commission's findings to act on three sets of recommendations: self-reporting ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
IMF Bentham is the latest firm to finance proposed class action proceedings against AMP in light of evidence at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The litigation funding group said it ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... negotiating with banks MGP responds to Henderson's RC hearing 26 April: De Gori comes forward, Dover stays out The day's proceedings kicked off with Financial Planning Association of Australia (FPA) chief executive Dante De Gori fielding questions about ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... media attention." The committee also feared terminating their memberships could result in lengthy and costly legal proceedings. Other options on the table were reprimand or no action taken. It followed through with the suspensions, meaning the two advisers ...

AMP kept unsuspecting clients in the dark: RC

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... contact the unsuspecting couple. The Commission also concealed the adviser's name - he was referred to as Mr E during proceedings and while AMP head of advice compliance Sarah Britt fronted the Commission on Monday afternoon. The couple sought superannuation ...

Royal Commission can only mean more red tape: Poll

DARREN SNYDER  |  MONDAY, 23 APR 2018
... disagreeing or strongly disagreeing with the statement. The poll was generated around last week's Royal Commission proceedings. By Friday, AMP chief executive Craig Meller announced he would depart the firm immediately, ahead of his scheduled departure ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... VanEck Royal Commission must be extended: FSU April 19: The human cost of bad financial advice comes to light The day's proceedings got a human touch when a former Westpac advice customer Jacqueline McDowall broke down while bearing the Royal Commision's ...