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Showing 631 - 640 of 722 results for "Misconduct"

Labor backs ASIC data retention authority

ALEX BURKE  |  MONDAY, 23 MAR 2015
... Investments Commission (ASIC) to retain telecommunications data for the purposes of investigating financial services misconduct. In a speech to the House of Representatives on March 19, Dreyfus said that the amendments were necessary due to the "significant ...

Abuse of reporting rules widespread: Medcraft

MARK SMITH  |  MONDAY, 23 MAR 2015
... dealt with problem advisers. We will also consider how they conducted remediation and whether they should have reported misconduct to ASIC."

Former Gold Coast adviser sentenced

ALEX BURKE  |  WEDNESDAY, 18 MAR 2015
... without a reasonable basis. Ian John Weaver, working at Enhance Capital and The Salisbury Group during the time of his misconduct, pleaded guilty to four criminal counts brought by ASIC: three counts of failing to have a reasonable basis for advice and ...

NAB chief executive outlines misconduct policy changes

ALEX BURKE  |  TUESDAY, 24 FEB 2015
... investments." Thorburn did concede, however, that further changes were required, indicating that in future incidences of misconduct, NAB would notify ASIC of any adviser dismissals and "[review] all files and [write] to all customers." NAB will also ...

NAB denies failing advice clients

ALEX BURKE  |  MONDAY, 23 FEB 2015
NAB Wealth has responded to media allegations of professional misconduct. After Fairfax Media published reports suggesting "forgery" and "rogue advisers" were rife within NAB's financial advice arm, NAB Wealth group executive Andrew Hagger said in a ...

Twin Peaks model optimal for financial stability

ALEX BURKE  |  WEDNESDAY, 11 FEB 2015
... resources. At the same time, the study also argues that a Twin Peaks system in itself can't prevent financial crises or misconduct and consumer abuse within the financial services industry. "What Twin Peaks does offer is a good start, by imposing what ...

Adviser jailed for two years over $1.5M fraud

LAURA MILLAN  |  MONDAY, 24 NOV 2014
... Securities and Investments Commission (ASIC) commissioner John Price said that "jail sentence shows that the court views misconduct by financial advisers very seriously." In September 2014, following a four-week trial, a jury found King guilty of stealing ...

SEC imposes US$4.16bn in penalties

ALEX DUNNIN  |  WEDNESDAY, 19 NOV 2014
... "Enforcement [teams] developed and used new tools to harness and mine data sources, which expanded the SEC's ability to target misconduct, and increased coordination with those inside the agency as well as the SEC's law enforcement and regulatory par ...

First Super to vote against CBA board members

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... the bank's reputation and impacting on shareholder value," Watson argued. The Senate inquiry found that most adviser misconduct appeared to have taken place between 2006 and 2010, while the apology issued by CBA chief executive Ian Narev earlier this ...

NAB takes a $1bn hit

AAP  |  THURSDAY, 9 OCT 2014
... than $1 billion hit to its books. Today the bank unveiled a string of writedowns and provisions, chiefly linked to misconduct by its troubled UK business. NAB expects its cash earnings for the year to September 30 to be between $5.1 and $5.2 billion ...