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Showing 501 - 510 of 5204 results for "2015-16 ASIC"

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
Fronting the Senate Economics Committee, the Australian Securities and Investments Commission (ASIC) confirmed internal communications between staff at AustralianSuper played a significant role in shaping its case against the super fund. Senator Andrew ...

Court acts against two with links to Shield Master Fund

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
... investigation ongoing. Today, the Federal Court acted against Osama Saad and Ferras Merhi over their potential involvement. ASIC is investigating Saad and various entities associated with him in relation to certain managed investment schemes, including ...

ASIC turns up the heat on private markets

KARREN VERGARA  |  WEDNESDAY, 26 FEB 2025
ASIC is setting its sights on the private markets sector, flagging it will pay particular attention to the surging popularity of opaque private debt investments. The regulator lays out its concerns in discussion paper, Australia's evolving capital ...

ASIC bans Brisbane-based financial services director

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
ASIC has banned JB Markets director Peter Aardoom from providing financial services, controlling an entity that carries on a financial services business and performing any function involved in the carrying on of a financial services business for eight ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... competitive outcomes and ensure safe and effective competition in clearing and/or settlement should a competitor emerge. ASIC co-regulates CS with the Reserve Bank of Australia (RBA), namely over the four CS facilities in the ASX group: two central counterparties ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... in the way the law required for the period between 13 March 2019 and 11 May 2023. Some 42,551 beneficiaries were affected. ASIC instigated action in October 2024, alleging that the $360 billion super fund's misdeeds stretched back to 10 years. AustralianSuper ...

Platinum staffers join Merlon Capital

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
Merlon Capital Partners has hired two investment specialists from Platinum Asset Management and invited former AMP chief Andrew Mohl to join a new advisory board. Julian McCormack and Kirit Hira have joined the investment team as portfolio managers. ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... practices that we're taking a range of actions and steps in regard of that." In late 2024 and throughout 2025 so far, ASIC has made several appeals to superannuation trustees to rectify poor claims handling practices. In November 2024, ASIC wrote ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... company without adequately advising his client that he was the sole director, and he had a personal interest in that company, ASIC noted. Grimm also failed to advise his client that ASIC had sought the winding up of entities related to him, including ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
ASIC is proposing additional relief for financial services businesses, which would scrap the need to report minor or technical breaches that don't result in a financial loss. The relief is intended to ease the compliance load on financial services ...