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

Search Results

Showing 651 - 660 of 1607 results for "Investigation"

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
In ASIC's latest enforcement update, the regulator has made clear it is accelerating enforcement action now that the Office of Enforcement is open for business. From January to June 2019, 10 individuals were charged in criminal proceedings brought by ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... funds. Robert Michael of Bentleigh, Victoria has been permanently banned from providing financial advice after ASIC's investigation found Michael took loans for himself from four of his clients' SMSF accounts to the tune of $204,000. He used the loans ...

AFCA looks to expand senior ranks

KRISTI CHENG  |  FRIDAY, 26 JUL 2019
The Australian Financial Complaints Authority is on the hunt for a new chief operating officer. The successful applicant will work with other ombudsmen and senior executives to develop and execute the organisational strategy and initiatives necessary ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... adviser was banned from providing financial services for three years following ASIC surveillance. ASIC said the investigation into Henderson's conduct is continuing, but the ban will be recorded on the Financial Adviser Register and the Banned and ...

350 tax practitioners under investigation

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
The Tax Practitioners Board revealed 350 tax practitioners are currently under investigation for high risk behaviour. Those high risk behaviours include failing to meet personal tax obligations, over-claiming work-related expenses on behalf of clients ...

Nomura ordered to pay back US $25m

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
... CMBS-related case. "Both orders note that the penalty amounts reflect substantial cooperation by Nomura during the SEC's investigation, including remedial efforts by the firm to improve its surveillance procedures and other internal controls," the regulator ...

JP Morgan-linked ship in US $1bn drug bust

KANIKA SOOD  |  MONDAY, 15 JUL 2019
... possible against all involved parties in order to protect our district - and our country." The federal criminal investigation is ongoing and crew members of the ship have been charged with knowingly and intentionally conspiring with each other and others ...

Politicians dishonest about fraud: VOFF

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
... asset?" According to VOFF, the Trio fraud demonstrates Australian politicians with no law enforcement or forensic investigation skills "make politicised and dishonest decisions about fraud".

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
ASIC's review of the sale of consumer credit insurance has lambasted the sector for consistently failing consumers in the design and sale of products. According to ASIC report 622, CCI products are being promoted and sold to customers unfairly, and ...

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... able to trust their financial advisers, and in this case, Mr Gibbs breached that trust." She explained that an ASIC investigation revealed Gibbs deliberately withheld information from clients to avoid detection. "Financial advisers should always allow ...