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Showing 601 - 610 of 722 results for "Misconduct"

Government boosts ASIC with $127m package

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
... further surveillance and enforcement in areas such as financial planning, responsible lending, life insurance, and misconduct and breach reporting. It will also allow us to build our technological capacity to identify and assess risks and misconduct." ...

Australian system needs "substantial reassessment": SEC veteran

ALEX BURKE  |  TUESDAY, 19 APR 2016
... Minister Malcolm Turnbull and Treasurer Scott Morrison's assertion that ASIC already has the resources to prosecute misconduct, saying: "I think in the US securities regulators and financial regulators tend to be very focused on violations. Does certain ...

Royal Commission won't hit banks where it hurts

ALEX BURKE  |  FRIDAY, 15 APR 2016
... Owned Banking Association. COBA chief executive Mark Degotardi argued in a statement that while penalties for past misconduct may deliver justice to victims, the only way to change future behaviour at Australia's major financial institutions is to implement ...

Senate recommends immediate adviser bans following "bitter harvest"

ALEX BURKE  |  TUESDAY, 15 MAR 2016
... recommended legislative amendments which would allow ASIC to immediately suspend a financial adviser if "egregious misconduct" is suspected. Released today, the committee's report on the agribusiness managed investment scheme crisis in 2009 considers ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
... were sold in regional communities Australia wide, ASIC said. The EU follows an in-depth investigation by ASIC into misconduct by those salespeople, including the making of misleading statements to consumers and the sale of unsuitable Combined insurance ...

Combined Insurance to cease new Australian business

ALEX BURKE  |  WEDNESDAY, 17 FEB 2016
... Pacific executive vice president Christopher Carey said the insurer would work with ASIC to investigate the alleged misconduct, adding that Combined's complaint levels were "significantly" below the industry average.

ASIC bans ex-NAB adviser

ALEX BURKE  |  THURSDAY, 4 FEB 2016
... banned a former NAB adviser for seven years. ASIC has alleged that then NAB representative Shane Thompson, engaged in misconduct between December 2012 and February 2013. Specifically, Thompson forged "change of adviser" forms and submitted them without ...

Adviser pleads guilty following ASIC sting

ALEX BURKE  |  FRIDAY, 15 JAN 2016
... collateral for the margin loans without the clients' authorisation" 67 times. In total, Wise accrued over $1 million via misconduct. He has been granted bail and awaits sentencing.

ASIC hits ex-ANZ adviser with ban

ALEX BURKE  |  THURSDAY, 14 JAN 2016
ASIC has banned a former ANZ bank adviser for 10 years. According to ASIC's investigation, Ben Cheung engaged in misconduct between April 2013 and March 2014, during which he was an authorised ANZ representative. ASIC alleged that Cheung forged client ...

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
... to open an investigation and uncover fraudulent activity. The whistleblower provided a detailed description of the misconduct and specifically identified individuals behind the wrongdoing to help the SEC bring a successful enforcement action. The whistleblower ...