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Showing 601 - 610 of 4092 results for "Conduct"

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... managers are disregarding liquidity risks and are unprepared in the event of mass redemptions, a review by the Financial Conduct Authority (FCA) finds. The UK regulator found that many authorised funds dismiss their liquidity management obligations by ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... ASIC and the Commonwealth Director of Public Prosecution's criminal investigation into AMP's fee-for-no-service conduct related to its BOLR policy found no evidence of misconduct and brought no charges against the firm.

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... were fined $13.5 million. The Federal Court found Russell Howden, also the director of BlueInc, engaged in unconscionable conduct and breaching financial services laws when selling life, funeral and accidental injury insurance. Howden will also have ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... breaches. "Accountability is critical to improving our culture and based on our investigation to date, it is clear that the conduct of a number of partners fell short of what was expected of them. They are now being held accountable for their misconduct," ...

ASIC permanently bans David Sutton

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... (AFSL) of McFaddens Securities, now known by its previous name APC Securities. ASIC's doubts surfaced following Sutton's conduct in making offers of investment in unlisted shares via McFaddens to Australian and overseas investors in companies including ...

Power50 kicks off for 2023

JAMIE WILLIAMSON  |  MONDAY, 3 JUL 2023
... literacy and awareness. They might be well known and respected among their peers, viewed as role models in the way they conduct their professional practice, or successful business owners, award-winners, policy influencers, mentors, and financial educators. ...

Asset managers ride the storm: Research

CHLOE WALKER  |  WEDNESDAY, 28 JUN 2023
While recent volatility has undoubtedly rattled the investment management landscape, it hasn't deterred asset managers from their future plans, according to a recent global study. The study, conducted by Coalition Greenwich in partnership with Northern ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... and financial planner Michael Miller said while the first decision was fairly light on detail, given the nature of the conduct, the second decision is more interesting when looking at the impact of the sanction applied. Mr. M's conduct in question ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
... and sentenced to 18 months in prison for providing financial services without authorisation and engaging in dishonest conduct. Wertheimer was a financial adviser under his own company, John Wertheimer & Associates Pty Ltd, before appointing Picture Wealth ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
In the most recent stakeholder survey conducted by APRA, small superannuation funds expressed disproportionally high discontent with the regulator. APRA observed that superannuation and trustee respondents gave distinctly lower ratings for almost all ...