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Showing 531 - 540 of 723 results for "Misconduct"

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
... suggested in a submission to the Royal Commission that financial advisers account for more than a third of all serious misconduct issues since early 2012. These investigations involved instances of fraudulent or grossly negligent conduct and willful ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
Financial advisers account for more than one-third of all serious misconduct issues identified by the Financial Ombudsman Service since early 2012. In a submission to the Royal Commission, FOS attributed 39% of serious misconduct identified in the last ...

Royal Commission seeks further disclosure over financial misconduct

DARREN SNYDER  |  MONDAY, 12 FEB 2018
... some of Australia's largest financial services businesses to properly explain the nature, extent and effect of any misconduct over the past five to 10 years. Overseeing the Royal Commission into the Misconduct in the Banking, Superannuation and Financial ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
... provided to them must be clear and balanced. Insurers should properly supervise their sales staff and ensure that no misconduct is occurring," ASIC deputy chair Peter Kell said. The review is part of the regulator's Indigenous Outreach Program. Separately ...

Institutions urged to overhaul outdated risk management practices

JAMIE WILLIAMSON  |  TUESDAY, 30 JAN 2018
... law on accountability and remuneration. And now after much political battle, there is to be a Royal Commission into misconduct in the banking, superannuation and financial services industry." He said standards in some areas are actually higher than previous ...

Royal Commission begins in February

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is calling for submissions ahead of its first hearing on Monday, 12 February 2018. The initial public hearing, which will see the Commissioner and Senior ...

ASIC puts corner-cutting advisers on notice

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... their professional and ethical obligations; monitor and supervise their representatives; remediate consumers where misconduct is identified; and report breaches in a timely manner. Licensees and advisers have a professional and legal obligation to comply ...

AFA to launch investigation into adviser misconduct

JAMIE WILLIAMSON  |  FRIDAY, 22 DEC 2017
The Association of Financial Advisers has confirmed it will launch its own investigation into why three of its members entered into enforceable undertakings with ASIC in as many days. While AFA chief executive Phil Kewin said he would not discuss the ...

IMF ramps up funding for CBA class action

EMMA RAPAPORT  |  FRIDAY, 22 DEC 2017
... said the fact proceedings have been filed represents a "clear signal that [shareholders] won't tolerate the corporate misconduct that has mired the bank in bad news in recent times, with thousands registering their interest in the class action, including ...

ASIC takes further action against MyPlanner

JAMIE WILLIAMSON  |  WEDNESDAY, 20 DEC 2017
... in place. Fraser also failed to provide a statement of advice when personal advice was provided. At the time of the misconduct, Fraser was an authorised representative of MyPlanner and recently switched to MyPlanner Professional Services - the second ...