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Showing 571 - 580 of 4092 results for "Conduct"

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... totalled US$289 million ($442m) after the Securities and Exchange Commission (SEC) found that they used personal apps to conduct business. From at least 2019, the 11 firms admitted they used "off-channel communications" in the form of iMessage, WhatsApp ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... been with the insurer." She said the action taken is in response to failed promises and is reminiscent of some of the conduct seen during the Royal Commission. Recently, MLC Life Insurance was hit with a $10 million fee for misleading customers and failing ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... time limit for the ATO to bring Federal Court proceedings on promoter penalties from four years to six years after the conduct occurred. Further, it explained limitations in tax secrecy laws would be removed following barriers to regulators acting in ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... announced it is taking Vanguard to federal court, alleging Vanguard "made false and misleading statements and engaged in conduct liable to mislead the public in representing that all securities in the Vanguard Ethically Conscious Global Aggregate Bond ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
The $2.7 trillion managed investment scheme industry is set for a shakeup as a new review is proposing changes that include amending financial thresholds, and liquidity and insolvency requirements. Assistant treasurer Stephen Jones has opened consultations ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
... they thought it was appropriate to not invite me, the person in charge of the group." Mawhinney has labelled ASIC's conduct as "suspicious", namely its alleged decision to reject an FOI request within six hours of receiving it, and said more transparency ...

Online investor numbers dip as cost-of-living bites

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
The latest Investment Trends' Australian Online Investing Report has cited cost of living pressures as cause for the decline in online investing this year. Based on a survey of 22,324 investors and traders conducted from April to May, found about 1.28 ...

Banking sector fears propel family offices towards metals

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
Family offices across the globe are increasingly investing in metals as concerns of banking sector instability grows, according to a new study by Tresor Gold. The research was conducted in April among 100 metals and mining investors working for sovereign ...

Former director pleads guilty to super misuse

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... superannuation fund (SMSF) to lend those funds to his two companies. Naseeruddin admitted guilt to two charges of dishonest conduct and two charges of failing to fulfil his duties as a director in the best interests of his company. According to ASIC's ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... result of its issues in the UK. In April, Link Group reached a conditional agreement with the UK regulator, the Financial Conduct Authority, to settle its investigation into Link Fund Solutions following the failure of the LF Woodford Equity Income Fund ...