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Showing 521 - 530 of 2988 results for "ARRA"

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
Over-the-counter derivatives provider Sirius Financial Markets Pty Ltd has surrendered its AFSL and its former executives Jonathan Schneider and Oskar Pecyna have both been banned for eight years. ASIC reported that Sirius Financial, trading as Trade360 ...

Ministers told to divest shareholdings

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
Under a new code of conduct introduced by Prime Minister Anthony Albanese, federal ministers must divest any direct investments held outside of a public superannuation fund, listed managed funds and some trust arrangements. The code of conduct for ministers ...

ASIC takes Lanterne Fund Services to court

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
ASIC has issued civil penalty proceedings against wholesale licensee Lanterne Fund Services, saying it operated with almost no compliance staff or risk management processes. The regulator alleges that Lanterne has on multiple occasions failed to meet ...

Rest secures investment in historic tower

CHLOE WALKER  |  WEDNESDAY, 6 JUL 2022
The finalised acquisition of a one-third stake in Sydney's Quay Quarter Tower is part of the super fund's ambitions to further diversity its investment portfolio. Located in the harbour city's CBD, the 50-floor Quay Quarter Tower is the redeveloped ...

ASIC urges market to improve outage resilience

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
ASIC is calling on market operators and participants to continue implementing and improving the resilience of the Australian equity market during outages. ASIC released the findings of its review into the ASX outage in November 2020 and other incidents ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
ASIC has released long-awaited regulatory guidelines relating to the registration and licensing requirements for Corporate Collective Investment Vehicles ahead of its July 1 implementation date. The information sheet (INFO 272) and report (REP 728) ...

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
More than 18 months after legal action was launched, Squirrel Super will pay $55,000 for claims made in marketing materials about investing in residential property. The SMSF administrator was found by the Federal Court to have distributed a brochure ...

BTC Markets gains ASFL

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
Melbourne-based BTC Markets has become Australia's first crypto exchange to successfully go through the full AFSL application process, via sister company BTCM Payments. BTC Markets said the AFSL will enable it to further bridge the crypto and traditional ...

Barred adviser breaches ASIC order

ANDREW MCKEAN  |  MONDAY, 20 JUN 2022
Former Queensland financial adviser Lawrence Teledo has been convicted for breaching an ASIC banning order. Toledo has been fined $1500 after pleading guilty to three charges of breaching an ASIC banning order. In 2017, Toledo was banned from providing ...

SMSF assets climb to $892bn

ANDREW MCKEAN  |  FRIDAY, 17 JUN 2022
New quarterly ATO statistics estimate that the total assets of SMSFs are $892 billion, up 11% year on year. More broadly, the total assets of SMSFs have grown by $2.4 billion over a five-year period to the March 2022 quarter. Despite significant asset ...