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Showing 491 - 500 of 807 results for "Corporations Act"

Morgan Stanley pays $123,750 penalty

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... MDP said it had "reasonable grounds" to believe that Morgan Stanley had contravened subsection 798H(1) of the Corporations Act by breaking a number of account reconciliation rules in Part 2.3 of the ASIC Market Integrity Rules 2011 relating to client ...

CommSec hit with $700,000 fines

ALEX BURKE  |  FRIDAY, 2 SEP 2016
... Panel, which the regulator said "had reasonable grounds to believe CommSec contravened subsection 798H(1) of the Corporations Act." The subsection covers rules pertaining to transaction disclosures "in relation to crossings and trading as principal." ...

Ostrava wound up, directors banned

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
... dishonest conduct by charging unauthorised fees to clients. It also found that the company and Grim contravened the Corporations Act by "making misleading statements to clients about the value of their SMSFs, providing unlicensed managed discretionary ...

LICG successful in triggering AFA EGM

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2016
... Financial Advisers (AFA) has confirmed it has received the minimum number of member submissions required under the Corporations Act to propose an amendment to its constitution via an extraordinary general meeting (EGM). Spearheaded by the Life Insurance ...

Storm Financial investor slams court decision

ALEX BURKE  |  MONDAY, 29 AUG 2016
... financial services to Storm's clients," therefore making them culpable for the company's contraventions of the Corporations Act. Speaking to Financial Standard, SICAG joint chair Mark Weir said he was "a bit cynical about the whole exercise," suggesting ...

Macquarie cops fine over van Eyk

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... ASIC's legal fees. As the responsible entity for the van Eyk fund, it was found that Macquarie contravened the Corporations Act by failing to comply with its duties as a responsible entity of the VBI Fund which saw $30 million directed to the Cayman ...

LICG will fight on after failing to trigger AFA constitution talks

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... insurance advice lobby group, the AFA found almost half could not be considered. In meeting the statutes of the Corporations Act, 50 of the forms provided were revealed as duplicates, 28 were unverifiable due to the member being incorrectly identified ...

ASIC accepts EU from My Adviser

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
... other representatives. ASIC is concerned My Adviser may have failed to comply with Section 912A(1)(ca) of the corporations act which required My Adviser to take reasonable steps to ensure that its representatives complied with financial services laws ...

AMP Life appeals Supreme Court ruling

ALEX BURKE  |  MONDAY, 11 JUL 2016
... include a wind-up proposal from activist investor LIM Advisors. The court made this decision because, as per the Corporations Act, the responsible entity of a managed investment scheme and its associates are unable to vote on an EGM resolution if they ...

Supreme Court makes China Growth Fund EGM ruling

ALEX BURKE  |  TUESDAY, 28 JUN 2016
... fund - one of which includes a wind-up proposal from activist investor LIM Advisors. This is because, as per the Corporations Act, the responsible entity of a managed investment scheme and its associates are unable to vote on an EGM resolution if they ...