Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 561 - 570 of 1607 results for "Investigation"

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
Sargon Capital's liquidators are looking for extra funding to dig deeper into the company's transactions, potential claims and the possibility of a dividend payment to creditors. Wexted Advisors has asked Sargon's creditors, of which there ...

Grow Super co-founder in alleged betting scandal

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAY 2020
... member we are conducting our own review into any potential association between Grow and the business and people under investigation. Two employees have stepped aside pending the result of this." Grow did not name the other two employees who have stepped ...

Receivers appointed to Mayfair 101 entity

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAY 2020
... Fund's investors." The Mayfair 101 Group said it has been suffering under the twin pressures of COVID-19 and an ASIC investigation. "The recent overreaching actions of ASIC with respect to the advertising of Mayfair Platinum's two debenture products ...

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest. Wilson, who chairs the House of Representatives' Standing ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
... to October 2013. His longest stint was at Spectrum Wealth Advisers from December 2013 to June 2018, where ASIC's investigation found he failed to comply with financial services laws. Most recently he was with Consolidated Mercantile Group from July 2019 ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... Australia, Latitude Finance Australia, NAB, Suncorp-Metway and Westpac. ASIC deputy chair Karen Chester said the investigation of major banks and lenders uncovered the design and sale of consumer credit insurance consistently failed customers. "As a ...

Super must come together over cybercrime

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
The oversight body of the Superannuation Transaction Network is calling on super funds to work together to thwart the threat of cybercrime. Addressing the Association of Super Funds of Australia, GNGB executive officer Michelle Bower has urged the super ...

Adviser guilty of misuse of client money

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... dishonestly using his clients' money for his own personal use. Dick was charged in February this year after an ASIC investigation revealed he had accessed and transferred around $1.1 million from his clients' superannuation, pension and personal ...

Chief economist update: China's beef with Australia

BENJAMIN ONG  |  WEDNESDAY, 13 MAY 2020
... that's what it is - retaliation against Australian Prime Minister Scott Morrison's call for an independent investigation into the origins of the virus. China's ambassador to Australia, Cheng Jingye, has already flagged this around three weeks ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... yesterday after having been paused to allow for enhancement of ATO systems and to assist an Australian Federal Police investigation into instances of fraud. Applications made via the ATO on Friday, May 8 have already been passed on to super funds, Assistant ...