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Showing 511 - 520 of 2379 results for "Rule"

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
Trading platform Robinhood has been slapped with a US$70 million fine, deemed to be the largest financial penalty handed down by the Financial Industry Regulatory Authority (FINRA). FINRA, which regulates brokerages and exchanges, said millions of Robinhood ...

ASIC consults on market integrity rules

ANNABELLE DICKSON  |  THURSDAY, 1 JUL 2021
... 342 Proposed amendments to the ASIC market integrity rules and other ASIC-made rules is designed to streamline rules across rule books and remove ambiguity in existing drafting. Consultation Paper 342 includes amendments to the Securities Market Integrity ...

ASIC fines trading firm

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... The Markets Disciplinary Panel (MFP) gave Life Trading an infringement notice as it believed the trading firm contravened Rule 2.2.8 of the ASIC Market Integrity Rules (Futures Markets) 2017, whereby a market participant ensures compliance with market ...

Family offices should supplement super

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... generated," Hutton said. HLB Mann Judd wealth management partner Jonathan Philpot said the long-held 60-40 asset allocation rule is no longer adequate if Australians are to retire comfortably as an 80-20 ratio of risky versus safe assets is more appropriate ...

ASIC changes ETF market maker rules

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
ASIC is making it easier for offshore market makers to work with ASX-listed and Chi-X listed ETFs. The corporate regulator has amended Class Order 13/721 [CO 13/721] to remove the requirement that an authorised participant must be an Australian resident ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
In a very rare move, a listed investment company has restructured to become an exchange traded managed fund - listing on the ASX today. The Monash Absolute Investment Company (MA1) has been restructured to become the Monash Absolute Active Trust (MAAT ...

State Super rejigs defensives

KANIKA SOOD  |  WEDNESDAY, 2 JUN 2021
... Structured products - even though they are AAA rated were hard to liquidate at a reasonable price. It doesn't mean we rule them out, we just allocate [appropriately]," Wu said. Wu said the fund's stress testing for the new allocations found it ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
Following industry backlash last year, the government is consulting on the recommendations for litigation funding and class actions. The Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation ...

Court says minister has 'duty of care' in coal investment

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
The Federal Court has ruled in favour of eight high school students, finding that the Federal Environment Minister has a duty of care not to cause them harm from climate change. The case was brought by Equity Generation Lawyers principal David Barnden. ...

Research reveals factors influencing advice

JAMIE WILLIAMSON  |  WEDNESDAY, 26 MAY 2021
A study which saw financial advisers providing advice for hypothetical clients found glaring inconsistencies in risk assessments, with suggestions an adviser's own circumstances can influence the advice provided. The data from Oxford Risk shows, when ...