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Showing 561 - 570 of 722 results for "Misconduct"

HESTA appoints new insurer

DARREN SNYDER  |  FRIDAY, 26 MAY 2017
... 2017. CommInsure was also plagued by scandal around its claims processing in 2016 although it was cleared of medical misconduct. HESTA said in coming to its decision it conducted an extensive review of members' insurance needs, the competitive landscape ...

Macquarie to pay $2m following ASIC probe

ALEX BURKE  |  MONDAY, 22 MAY 2017
... said this was evidence that Macquarie had put insufficient supervision and controls in place to prevent this kind of misconduct from occurring, and that as a result, the bank will be required to implement a program to improve monitoring in its spot FX ...

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... stripped of their significant bonuses," Treasurer Scott Morrison said. "Banks will be held to account if they try and hide misconduct by executives with new mandatory reporting requirements. If banks breach misconduct rules, they will also face bigger ...

Labor renews calls for banking Royal Commission

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... and financial services sector." "The Prime Minister has consistently failed to stand up for the victims of financial misconduct in this country, preferring instead to protect his banking friends," Senator Ketter added. Opposition financial services spokesperson ...

Advisers to be judged by peers

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2017
Whether or not individuals in financial services should be banned for misconduct may be decided by their peers, with ASIC calling on the industry to consult on the establishment of a new panel. The proposed Financial Services Panel would provide the ...

Gross and PIMCO settle dispute

EMMA RAPAPORT  |  TUESDAY, 28 MAR 2017
... high-fee products to investors, rather than the firm's traditional bond funds. PIMCO countered that Gross' egregious misconduct, including abusive behaviour toward colleagues, would have justified his firing had he not resigned. In a joint statement ...

CommInsure cleared of medical misconduct

ALEX BURKE  |  THURSDAY, 23 MAR 2017
... Government the strengthening of the legal framework covering claims handling and that more significant penalties for misconduct in relation to insurance claims handling be included in the review of ASIC's enforcement regime," the regulator said. Finally ...

ASIC permanently bans Queensland adviser

KARREN VERGARA  |  THURSDAY, 23 MAR 2017
... documents to perpetuate the belief funds were invested on behalf of his acquaintance and ultimately admitted to this misconduct upon discovery of his wrongdoing. ASIC said Logan's conduct was not a lapse of judgement, but a deliberate and repeated act ...

Major ASIC project finds serious financial advice concerns

ALEX BURKE  |  FRIDAY, 17 MAR 2017
... concern" (SCC) advisers. These included advisers who had engaged in dishonest, illegal, deceptive and/or fraudulent misconduct; conduct that would result in instant termination or dismissal in normal circumstances; deliberate non-compliance with financial ...

ASIC spots forex breaches at ANZ and Westpac

ALEX BURKE  |  WEDNESDAY, 15 MAR 2017
... 2013, Westpac and ANZ's systems and controls failed to address or prevent inappropriate conduct in said businesses. Misconduct at Westpac identified by ASIC included employees disclosing confidential information regarding pending client orders to external ...