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Showing 571 - 580 of 3963 results for "Law"

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
... macro-prudential strategies, according to US Securities and Exchange Commission (SEC) chair Gary Gensler. In a speech at Yale Law School, Gensler described AI as having "tremendous opportunities for humanity," noting that it could drive economic efficiencies ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
... Earner product met the definition of a managed investment scheme and a facility for making a financial investment under the law, ASIC explained. The Earner product was discontinued in November 2022, just eight months after its launch, when the proceedings ...

Grok Ventures appoints new chief executive

RACHEL ALEMBAKIS  |  FRIDAY, 9 FEB 2024
... and Macquarie executive. Grok has named global funds management executive Tan Kueh as chief executive, while Jeremy Kwong-Law will remain as chief investment officer. Kueh has more than 20 years' experience in asset management, wealth management ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
Opening up superannuation funds to more comprehensive financial advice could help solve some of the retirement income challenges Australians face, according to the Actuaries Institute. In its submission to the Retirement Phase of Superannuation consultation ...

ASIC chases 757 adviser registrations

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... there are some material changes. It does start from the 16th of February, but the consequences are that you are breaching the law if you provide advice from the 16th of February onwards, if you're not registered," he said.

Class action filed against IC Markets

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... class action against International Capital Markets (IC Markets) for offering contracts for difference to retail investors. The law firm began investigating the potential for a class action in October 2023. Now filed, the action alleges IC Markets has ...

Novigi completes QMV Solutions deal

JAMIE WILLIAMSON  |  WEDNESDAY, 7 FEB 2024
... deal also includes QMV Legal, which provides advice to entities on issues including superannuation and financial services law; investments and ESG management; and mergers and successor fund transfers. The Novigi brand will become the primary identity ...

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... technologies'," Longo said. "While I agree with the sentiment, statements like this imply that AI is some kind of 'Wild West', without law or regulation of any kind. Nothing could be further from the truth." Longo referenced the federal government's ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... cryptocurrency fraud, or any other financial frauds, if it sounds too good to be true, it probably is. This office and our law enforcement partners will hold perpetrators accountable for these and other fraud schemes." SEC division of enforcement director ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... and compliance Tim Mullaly said that banks are expected to properly notify and update customers who are entitled under the law to receive accurate information about changes to their loans. "Where banks fail to meet these requirements, they can face criminal ...