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Showing 481 - 490 of 1607 results for "Investigation"

Hedge fund switched traders with algorithm

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... funds, has been fined US$170 million for replacing its traders with an algorithm that drastically underperformed. An investigation by the US Securities Exchange Commission found UK-based BlueCrest Capital Management omitted critical information from ...

ASIC to improve default insurance

KARREN VERGARA  |  FRIDAY, 4 DEC 2020
An ASIC investigation found group insurance cover is poorly designed and disclosed to members who are being defaulted into occupational categories with limited data. After looking at the practices of super funds, ASIC found a high proportion of members ...

CBA in court for overcharging interest

ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
... charged a different, higher rate on overdrafts. ASIC said that in most cases, the higher rates were 34%. ASIC's investigation found that the total overcharged interest exceeded $2.9 million. According to ASIC's statement of claim, the average ...

ASIC takes action against missing woman

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... receiver and manager of the property of Caddick. The matter is next before the court on 8 December 2020. ASIC says its investigation is ongoing and it encouraged any person who is concerned they invested with Caddick to contact the regulator. Police ...

ASIC investigates ASX

ELIZABETH MCARTHUR  |  MONDAY, 23 NOV 2020
... last week which saw investors unable to trade for 24 hours. "ASIC has confirmed to ASX that it is conducting an investigation into the ASX Trade outage on Monday, 16 November 2020," the ASX said in a statement. "ASX acknowledges that this is appropriate ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... 2016 to 30 April 2018, $16,749,974 was raised from retail investors pursuant to the defective PDSs. ASIC said its investigation into conduct by entities and officers within the Sterling Group of companies is continuing.

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... the nature of the unauthorised transfers to conceal his dishonest conduct and avoid detection. "Following ASIC's investigation, Hopkins was charged with dishonesty offences and then entered into an early guilty plea. Hopkins has been granted conditional ...

Vatican shakes up financial management

ELIZABETH MCARTHUR  |  MONDAY, 16 NOV 2020
... relation to the deal and is being held in the Vatican. Police raided the Secretariat of State's office as part of the investigation. The Vatican suspended five officials, barring them from the holy city, in relation to the investment. Centurion Global ...

Former Financial Circle director charged

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... managing a corporation whilst disqualified. Melbourne-based Fuoco was charged with four offences following an ASIC investigation. He was charged with three counts of managing a corporation whilst disqualified and one charge of failing to deliver company ...

Culture creates better outcomes: Research

ANNABELLE DICKSON  |  MONDAY, 9 NOV 2020
... coverage to investment organisations that have previously not recognised the benefit of actively managed culture; investigation into the links between new business models, innovation and culture; and further understanding of the link between culture ...