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Showing 511 - 520 of 833 results for "Corporations Act"

CommSec pays $200,000 penalty

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
... Markets Disciplinary Panel (MDP) had reasonable ground to believe that CommSec broke subsection 798H(1) of the Corporations Act by reason of breaking rules 2.1.3 and 3.3.1 of the ASIC Market Integrity Rules 2010. On 25 March 2014, CommSec received formal ...

ASIC permanently bans dishonest adviser

KERRIE SYDEE  |  MONDAY, 31 OCT 2016
... and engaged in conduct that was likely to mislead. Namely ASIC found that Howard had failed to comply with the Corporations Act in that he used more than $1.8 million of client funds for his own benefit or the benefit of others, including paying for ...

Fed Court winds up unregistered investment scheme

KERRIE SYDEE  |  FRIDAY, 21 OCT 2016
... McIntyres being officers of companies that had failed, by virtue of them being wound up and had repeatedly broken the Corporations Act. Neither McIntyre apposed the banning orders made against them. The court also made orders to wind up the unregistered ...

ASX responds to CFR regulatory expectations

KERRIE SYDEE  |  WEDNESDAY, 12 OCT 2016
... be efficient and competitive." The Government noted that it will also amend ASX ownership restrictions in the Corporations Act to make it consistent with other financial sector companies and allow the ASX to be more flexible when raising capital. The ...

Advisory firm has licence cancelled

MARK SMITH  |  MONDAY, 19 SEP 2016
... financial resources to provide the services covered by its licence and to conduct the business in compliance with the Corporations Act 2001. "Licensees are required to lodge financial statements and auditor reports with ASIC to demonstrate their capacity ...

ASIC hands down permanent and four year bans

KERRIE SYDEE  |  FRIDAY, 16 SEP 2016
... Velvet Assets carried on a financial services business without holding an AFSL and so contravened s911A of the Corporations Act Woodcock was involved in this contravention by the companies Woodcock personally persuaded clients to invest by failing to ...

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 ...