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Showing 41 - 50 of 132 results for "Australian Securities and Investment Commission"

Platform error forces NAB to pay further compensation

LAURA MILLAN  |  MONDAY, 5 MAY 2014
A review of NAB Wealth's Navigator platform has revealed that the bank made a mistake when calculating compensation to 43,000 clients in 2012. NAB Wealth expects the compensation to be less than $200,000, which adds to the $1.9 million that the bank ...

Virgin Money cops fine for misleading direct insurance ads

MARK SMITH  |  WEDNESDAY, 30 APR 2014
... payment of an infringement notice is not an admission of a contravention of the Australian Securities and Investment Commission Act 2001 consumer protection provisions. ASIC can issue an infringement notice where it has reasonable grounds to believe ...

Front-runners

BENJAMIN ONG  |  MONDAY, 7 APR 2014
... frequency traders)? It's become big news that Australia's prudential regulator - the Australian Securities and Investment Commission (ASIC) - has reportedly threatened to clamp down on hyper speed trades. Reuters reports that New York's Attorney General ...

ASIC takes legal action against Mariner over Austock takeover

ALICE URIBE  |  THURSDAY, 3 APR 2014
The Australian Securities and Investment Commission (ASIC) has started legal action against listed funds management company Mariner Corporation (Mariner) over its proposed 2012 takeover bid for financial services company Austock Group (Austock). ASIC ...

We did a "pretty good job" in CBA planning case: ASIC

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
The Australian Securities and Investment Commission (ASIC) commissioner Greg Tanzer believes that the regulator "did a pretty good job" in dealing with the Commonwealth Financial Planning (CFP) case that prompted a Senate inquiry into the overall performance ...

ASIC bans former authorised representative

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
... Securities has been permanently banned from providing financial services by the Australian Securities and Investment Commission (ASIC). The regulator found that Phillip Gregory Spark had engaged in misleading and deceptive conduct. Spark, of Surfers ...

ASFA appoints first COO

JAMES FERNYHOUGH  |  FRIDAY, 21 MAR 2014
... financial officer at Oasis Asset Management. He has also held positions at the Australian Securities and Investment Commission (ASIC) and Treasury. ASFA chief executive Pauline Vamos said: "The new COO role is key to delivering ASFA's business and operational ...

Industry resists full portfolio disclosure

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... every single holding down to the most granular level. It would be regulated by the Australian Securities and Investment Commission. Among the industry's fears were: full disclosure would compromise intellectual property; it would disclose commercially ...

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
The Victims of Financial Fraud (VOFF) have condemned the release of Astarra Asset Management former director Shawn Richard after two years and six months in prison. The organisation that represents the victims of the Trio Capital fraud have described ...

ASX managed funds services gets ASIC nod

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
... its 'mFund Settlement Service' - the third incarnation of AQUA II - after the Australian Securities and Investment Commission (ASIC) gave it the go-ahead. However, the ASX must await approval from the Australian Transaction Reports and Analysis Centre ...