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Showing 41 - 50 of 303 results for "Sean"

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... Ascent. Three months later, ASIC succeeded in its application to liquidate Ascent, appointing liquidators Matthew Donnelly and Sean Holmes from Deloitte Financial Advisory. On April 24, ASIC announced that the Federal Court ordered Ascent and its managed ...

ASIC bans mortgage broker for eight years

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... to appeal ASIC's decision to the Administrative Appeals Tribunal. ASIC recently banned financial advisers Rahul Goel and Sean John Sweeney from permanently working in financial services. In December last year, Goel was sentenced to three years in jail ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
Former Perth financial adviser Rahul Goel and Sydney-based adviser Sean John Sweeney have been permanently banned from having any involvement in financial services. In December last year, Goel was sentenced to three years in jail for fraud offences ...

Material business risk disclosure needs improvement: ASIC

KARREN VERGARA  |  MONDAY, 13 FEB 2023
... short of disclosing material business risks in their annual reports, according to the corporate regulator. ASIC commissioner Sean Hughes warned company directors to pull up their socks when it comes to improving the quality of material risks disclosed ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... plans to consider ESG factors in their investment processes. Texas Attorney General Ken Paxton and Utah Attorney General Sean Reyes are leading the suit, which alleges that the rules change violates the Employee Retirement Income Security Act of 1974 ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
ASIC commissioner Sean Hughes is set to lead Vanguard Australia's legal and compliance function. Hughes was due to end his five-year term in December but will now finish up on February 3. "We are grateful for the contribution Sean has made to ASIC ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... circumstances that would reasonably suggest that the target market may no longer be appropriate," ASIC said. ASIC commissioner Sean Hughes said: "Issuing and distributing financial and credit products now requires a consumer-first mindset." "This means ...

SMSF auditors in hot water

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
... Saroha, Janette Townshend, Yaw Boadi, Brian Carroll, and Linda Ingham are the five auditors reprimanded. ASIC commissioner Sean Hughes said: "SMSF auditors have a fundamental role in promoting confidence in the SMSF sector." "ASIC will apply a range ...

If it ain't broke, don't fix it: Graham

CHLOE WALKER  |  FRIDAY, 18 NOV 2022
Speaking at the Financial Standard Technical Services Forum in Sydney this week, Assured Support managing director Sean Graham said that the Quality of Advice Review is disappointing for advisers who have worked hard to build the foundations of an advanced ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... regime, as well as improve the efficiency of ASIC's data collection and analysis," the regulator said. ASIC commissioner Sean Hughes said the regulator is seeking "common-sense solutions". "ASIC will consider whether enhancements are required to the ...