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Showing 511 - 520 of 1712 results for "Breach"

Astute Wealth alleges copyright breach

KARREN VERGARA  |  TUESDAY, 13 JUL 2021
Astute Wealth Advice is alleging that another fintech has ripped off its proprietary questionnaire and has been forced to legal take action. Astute served a Cease and Desist letter to Lumiant, alleging that it breached "substantial copyright" with respect ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... opt-out of a subscription to The New Daily and each said their fund had sought legal advice to ensure the fund was not in breach of the Spam Act. The New Daily is owned by Industry Super Holdings. Wilson asked Silk whether investing in The New Daily ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... client and their adviser and contains personal information that should not be shared with trustees. He fears the review may breach the Privacy Act and adds another layer of administration. For the regulators to make trustees review client SOAs is "confusing ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... "option account approval bots" to approve customers for options trading but provided very limited oversight. The third breach saw several technical outages that the platform failed to address. The most serious outage occurred between 2-3 March 2020 ...

ASIC consults on market integrity rules

ANNABELLE DICKSON  |  THURSDAY, 1 JUL 2021
The corporate regulator has opened consultation on proposed amendments to market integrity rules that aim to reduce the regulatory burden on participants. ASIC's Consultation Paper 342 Proposed amendments to the ASIC market integrity rules and other ...

ASIC disqualifies SMSF auditor

ANNABELLE DICKSON  |  WEDNESDAY, 30 JUN 2021
The corporate regulator has disqualified a self-managed superannuation fund (SMSF) auditor for breaching independence and auditing standards. ASIC found that Gordon Victor Shrubsole from Miranda, New South Wales lacked independence during the process ...

ASIC removes Societe Generale restrictions

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
The corporate regulator has removed AFS licence conditions imposed on the French bank after it breached client money obligations. As per the licence conditions, Societe Generale appointed an independent expert to assess and test the adequacy and effectiveness ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
Financial advice regulatory reforms that include establishing one disciplinary body and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced ...

Westpac backs out of NZ demerger plans

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
Westpac has decided to retain its New Zealand business after reviewing the feasibility of the 160-year-old division and the impact of increased capital requirements. In March, the bank flagged that it was in early stages of reviewing Westpac New Zealand ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
The corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. In the Federal Court this morning, ASIC representative Christopher Archibald QC recalled the ...