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Showing 531 - 540 of 4207 results for "Action"

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
The Takeovers Panel declared that rogue shareholders, which include Glennon Capital, seeking to gain control of Sequoia Financial Group were not transparent about their relationship and breached substantial shareholder laws. In an update to the ASX ...

ASIC calls out sloppy adviser data

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... ensure that the information recorded on the FAR about approved qualifications is correct and will consider enforcement action where necessary. This will be a key focus for ASIC in the lead up to 1 January 2026, when all advisers must comply with the ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group. ASIC found "significant and systemic failures of oversight and compliance" upon ...

Four out of five workers to search for new jobs: Hays

ANDREW MCKEAN  |  WEDNESDAY, 26 JUN 2024
... For employers, the extremes of the past few years are stabilising, this leaves open the opportunity for the bold to take action now and gain the first mover's advantage." Hays went on to claim that the hybrid work debate is over, with 80% of NSW employees ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... Abuse, the FAAA put forward seven key recommendations to help reduce the impact of financial abuse. These included taking action to raise public awareness of financial abuse, creating a central source of training and support for those affected, establishing ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... financial capability, Australia's financial literacy levels aren't improving. "There is a risk we could fall behind globally if action is not taken," she said. "This is particularly concerning against a backdrop of cost-of-living pressures, as Australians ...

Court freezes assets of Keystone AM managed fund

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... opportunity to respond to ASIC's application. A further Court hearing is listed to take place on Tuesday, 25 June 2024. This action follows previous action that ASIC took in February 2024 to halt new offers of investments in Shield. The interim orders ...

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... going to spend the next two years doing the same. "Where we find evidence of non-compliance, we will take the appropriate action - including enforcement action, where necessary." In addition to issuing the stark warning, Kirkland also gave his thoughts ...

AFSLs undertake more reviews, lack risk documentation

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... ASIC guidance in RG271 [ Internal dispute resolution]." The survey also found that responsible managers are taking more action when there review results in a poor outcome, according to more than 50% of respondents. Nearly 20% of licensees do not have ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... "ASIC will actively enforce compliance with the CSF framework and will exercise its stop order powers or take enforcement action if necessary to address any breaches," it said. The interim order is valid for 21 days unless revoked earlier and Hirehood ...