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Showing 651 - 660 of 5223 results for "2015-16 ASIC"

ASIC launches new AFSL portal

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... invitation-only group. All AFS licensees and applicants will transition to the new AFSL portal in the first quarter of 2025. ASIC said the portal aims to simplify and streamline digital applications and will provide a more user-friendly experience by ...

Australia a 'regional private wealth hotspot': Preqin

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
Australia is a top regional private wealth hotspot, with the greatest proportion of investors, many of whom are looking to alternatives, according to a Preqin report. The data provider's report highlighted that among all private wealth investors in ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The Australian Prudential Regulation Authority (APRA) has published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... Jayaweera will be eligible for parole after six years, with 977 days of pre-sentence custody declared as time already served. ASIC deputy chair Sarah Court said Jayaweera's actions betrayed the trust of his clients with some clients at or near retirement ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
ASIC has won its case against Bit Trade, the operator of Kraken in Australia, after the crypto exchange was found to have not complied with design and distribution obligations when offering a margin trading product to its customers. Bit Trade's ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI  |  MONDAY, 26 AUG 2024
... occurred between August 2013 and November 2015, resulting in a total loss of $5,958,870 to 12 of Jayaweera's former clients, ASIC said. Throughout the period, Jayaweera induced investors to invest in the Australian Diversified Sector Income Fund (ADSIF) ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... regulatory gap and implementing recommendations of the Council of Financial Regulators - a coordinating body that comprises APRA, ASIC, Treasury, and the Reserve Bank of Australia (RBA). "The RBA now has powers to step in and promptly resolve a crisis ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... Commission (ASIC) has unveiled its corporate plan for the next 12 months, with the superannuation industry in the firing line. ASIC said its review of the superannuation industry has been a multi-year project and, as it continues to grow, it is an area ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... employee of stockbroking firm BBY has been sentenced to two years and six months after being convicted of aiding and abetting. ASIC alleged that Yat Nam (April) Yuen had facilitated the transfers of client moneys that were meant to be held on trust ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... AFCA and potential recourse from the advisers, and the disclosure of such amounts is likely to prejudice those proceedings". ASIC officially cancelled Libertas' AFSL on August 14. "Where the CSLR pays compensation to an eligible consumer in relation ...