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Showing 481 - 490 of 1643 results for "Investigation"

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 ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...

Goldsky director charged

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... Exchange Commission filed a civil suit against Goldsky Asset Management and Grace in 2018 after ASIC assisted in its investigation.

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... covered by its AFSL were provided efficiently, honestly and fairly," court documents read. The action follows ASIC's investigation of 11 major banks and other lenders selling junk insurance. ASIC deputy chair Karen Chester said the investigations in ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... interest rates on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to false or misleading representations and engaged in misleading and deceptive conduct over to ...