Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 611 - 620 of 3479 results for "Compliance"

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... Morrison's conduct as being at the high end of "careless". Although, the MDP did not consider that Morrison had a poor compliance culture overall, it noted that Morrison's conduct indicated that speed of orders to the market was prioritised over ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... conduct and breaching the Code of Ethics. The FSCP ultimately ordered Mr. S's licensee to perform three successive compliance audits in relation to personal advice provided to retail clients, with a minimum of 12 months between each successive audit ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... fall short of our expectations," APRA deputy chair Margaret Cole said. "We expect trustees to have robust governance, compliance and risk management frameworks embedded and operationalised to prevent, detect and swiftly remediate potential breaches of ...

FAAA awards Gwen Fletcher Memorial prize

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2023
... advising in the real world." Canberra-based financial adviser Brigitta Hembrow Gersey and Melbourne-based senior advice compliance analyst Danica Lozada of Industry Fund Services won the nods in 2022. FAAA chief executive Sarah Abood said the CFP Certification ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... justified an Enforceable Undertaking. "This matter demonstrates the importance of employers placing a high priority on compliance, including with all clauses in their Enterprise Agreements. Suncorp's incorrect application of particular clauses has led ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
... management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global for inadequate compliance with the Design and Distributions Obligation (DDO) regime and deficiencies in their TMDs. The updated FSC template is designed ...

Advice regtech acquires TIQK assets

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... advice service. This acquisition will expedite development of a second-generation product offering a turnkey digital compliance function at a fraction of current compliance costs, and which is exponentially faster and more accurate than any human equivalent," ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... stablecoin. In support of these allegations, evidence presented in the SEC's filing includes a message from Binance's chief compliance officer to a colleague in December 2018 that reads: "We are operating as a fking unlicensed securities exchange in ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... and maintain a system to supervise the activities of each associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA rules. A firm's duty of supervision includes ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... reason for this was the broker relied on a retail investor questionnaire with "significant flaws" as a key step for compliance with its obligations. When applying for a trading account, ASIC said Mitrade's questionnaire gave a prospective retail investor ...