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Showing 561 - 570 of 844 results for "Senate"

ASIC asks for public adviser register to track "bad apples"

LAURA MILLAN  |  FRIDAY, 1 NOV 2013
... advisers detailing licensee records so the regulator and investors can easily identify "bad apples." In a submission to the Senate inquiry about the regulator's performance, ASIC expressed concerns about the difficulty of tracking "bad apple advisers" ...

Republicans vote that advisers have no best interest duty

ALEX DUNNIN  |  FRIDAY, 1 NOV 2013
... clients' best interests first. However the chances of the bill becoming law are slim, as it is unlikely to pass through the US Senate and even if it did it would most likely be vetoed by President Obama, according to Bloomberg reports. The bill is a ...

ASIC submits broad performance review to Senate inquiry

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
The Australian Securities and Investments Commission (ASIC) has provided the Senate inquiry on the regulator's performance with an extensive document that broadly reviews its work. This is the third and largest ASIC submission to the Senate inquiry. ...

ASIC funding in spotlight after annual report release

LAURA MILLAN  |  THURSDAY, 31 OCT 2013

Law firm questions CBA compensation for Nguyen victims

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
... affected by inappropriate advice within the bank's financial planning unit given by adviser Don Nguyen. In a submission to the Senate inquiry on the performance of the Australian Securities and Investments Commission (ASIC), the firm expressed its concerns ...

Problem is weak credit law, not us: ASIC

LAURA MILLAN  |  FRIDAY, 25 OCT 2013
... Investment Commission (ASIC) claimed that it had limited jurisdiction over the credit industry in its final submission to the Senate inquiry. In its final submission, ASIC focused on the reforms to the credit industry and 'low doc' loans and it said ...

La Trobe calls to end home loan risk fees

MARK SMITH  |  TUESDAY, 22 OCT 2013
... should be removed and that consumers would be better served by lifting the complete ban on exit fees as recommended by the Senate Economics Committee back in 2011. "The reintroduction of loan exit fees for early repayment within the first two years would ...

ASIC acted only when claims hit "tsunami level"

LAURA MILLAN  |  MONDAY, 21 OCT 2013
... condemned the fact that the regulator acted only when the volume of complaints "reached tsunami level." In a submission to the Senate inquiry on ASIC's performance, Anne Lampe, who is a Walkley award winning investigative finance journalist and writer ...

Market Wrap

AAP  |  THURSDAY, 17 OCT 2013
... to raise the debt ceiling. The big banks all gained but the big miners slipped after the US House of Representatives and Senate looked poised to confirm a budget deal that will reopen the US government until January 15, and the government to keep borrowing ...

Grandfathering pushes self-licensing

LAURA MILLAN  |  THURSDAY, 17 OCT 2013
... commissions. Last minute changes to the grandfathering provision came in on June 28, 2013, only three days before FoFA started. A Senate vote on July 3 gave the industry 12 more months to prepare for the full implementation of some critical elements ...