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Showing 641 - 650 of 4006 results for "Accounts"

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... manager overstated the yield and projected annual income for nine of its money market funds across nearly 8.5 million US accounts. Vanguard produced inaccurate market appreciation/depreciation valuations and investment returns, as well as failed to supervise ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... relating to its distribution of contracts for difference (CFD). The stop order prevents the broker from opening trading accounts or dealing in CFDs or margin foreign exchange contracts (margin FX) to retail investors. ASIC said the action is its first ...

Heatmaps drive efficiencies, more consolidation: Cole

CHLOE WALKER  |  FRIDAY, 2 JUN 2023
... hand, the smaller funds will be less sustainable because they have the challenges of declining net cash flows and member accounts. Cole said she often discusses this issue with other agencies, particularly with her counterpart at the ACCC. "At a high ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... prevent similar issues from occurring in the future, it said. Of note, the discrepancy didn't impact the balances of member accounts.

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... the "worst possible crisis." "A default for the first time in our nation's history, economic recession, retirement accounts devastated, millions of jobs lost. It also protects key priorities and accomplishments and values that Congressional Democrats ...

Investors flock to conservative ETFs: Podcast

CASSANDRA BALDINI  |  THURSDAY, 25 MAY 2023
... older age groups." Brycki said his guess would be some of these older age groups have been saving a lot of cash in bank accounts or term deposits and are now wanting to now deploy some of that into the markets. "Because markets have dipped a little bit ...

Income Asset Management buys credit fund

CHLOE WALKER  |  THURSDAY, 25 MAY 2023
... build a formidable funds management business across formal discretionary funds, non-discretionary model bond managed accounts and Funds distribution business. "We have exited the 25% investment in an external fund manager, significantly reduced future ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... lacked appropriate processes to ensure that only proficient clients, who understood the complexities of CFDs, could open accounts and trade, AFCA said. Further, the firm's inconsistent and misleading information about its policies and practices ...

ASIC bans former Gleneagle fund manager

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... on 150 occasions totalling over $7 million from 19 January to 27 August 2021. Tolpigin sold shares on the ASX through accounts held with Gleneagle and associated entities. But he didn't own or borrow the shares at the time he placed the orders to sell ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... story" which has created many opportunities across the Australian economy. "There are now around seven million active BNPL accounts in Australia. The average BNPL consumer uses it for 18.2 transactions per annum, with an average transaction amount of ...