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Showing 41 - 50 of 6283 results for "Securities"

Bitcoin ETFs reach US$4.6bn in trading volume on launch day

ANDREW MCKEAN  |  FRIDAY, 12 JAN 2024
... their debut day, spot bitcoin ETFs recorded a total trading volume of over US$4.6 billion, after being approved by the Securities and Exchange Commission (SEC). Following approval to convert its US$28 billion primary bitcoin trust into a spot ETF, Grayscale ...

Bitcoin ETFs given green light by US regulator

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
Bitcoin exchange-traded funds (ETFs) have been approved by the Securities and Exchange Commission (SEC), a landmark moment for the legitimisation of the world's largest cryptocurrency. The SEC approved 11 Bitcoin ETF application from major institutional ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
Several directors of Linchpin Capital Group and Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. Last April, the court found that Ian Williams ...

BlackRock to cull 3% of global workforce

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
... budget reallocations. BlackRock had 19,800 employees at the end of December 2022, according to a filing with the US Securities and Exchange Commission.

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... deceptive and misleading conduct related to a financial product or service. At the time, he was the director of Veridian Securities and Veridian Markets, now in administration. He was also found to have continued to provide services through Veridian ...

Prime Super appoints new custodian

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Prime Super has appointed Citi Securities Services as its new custodian after a seven-month search, breaking ties with NAB Asset Servicing (NAS) as it plans its exit. The $6.7 billion industry fund's decision to award the new mandate to Citi Securities ...

Former adviser misled ASIC during investigation: Court

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... allegedly provided false information during ASIC's investigation into his role in recommending unlisted McFaddens Securities shares to clients between 2015 and 2021. The shares included pre-IPO companies like Steppes Alternative Asset Management ...

Citi broadens custody offering

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
Citi Securities Services has introduced capabilities to support dual-access exchange-traded funds (ETFs), affording investors the flexibility to access funds via an exchange or unlisted distribution channel. The global custodian now distinguishes itself ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... shortfall. Justice Moshinsky said that if the information had been disclosed by ANZ, persons who commonly invest in securities would have expected that the underwriters would promptly dispose of allocated or acquired placement shares, placing downward ...

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
... and acquisitions with AXA, including the sale of AXA Asia Pacific to AMP and, before that, the integrations of ipac Securities, Challenger Financial Planning and Genesys Wealth Advisers, and Sterling Grace. "... Ian will play an integral role in enhancing ...