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Showing 681 - 690 of 1611 results for "Investigation"

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... Secatore, of Cor Cordis, have been appointed to act as joint and several receivers. The regulator says that its investigation is continuing and that proceedings before the court are ongoing. The receivers are expected to report back to the court by the ...

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
A former NAB financial adviser has been charged with two offences following an investigation by ASIC. Max Kiattisak Eung of Tempe, New South Wales was charged with two offences of obtaining financial advantage by deception. It is alleged that between ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... advice in the best interest of clients. Peter Anthony Chigwidden has been banned for five years following an ASIC investigation. Chigwidden licensed by Dover from May 2016 to October 2017 and was most recently with Lifestyle Asset Management, a boutique ...

Citi to pay $3m in advice remediation

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
... were under the false premise their interests were being prioritised, "when no such protection exists." After ASIC's investigation, Citi stopped using a general advice model to sell its structured products in January 2018. The regulator confirmed Citi's ...

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
... individuals working within them - to account. The new strategy will also bring together APRA's enforcement, investigation and legal experts, forming one strengthened support team allowing enforcement action to be pursued. The regulator will also ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
In the second half of last year ASIC brought criminal proceedings against nine individuals on 76 charges, with four people imprisoned as a result and $12.7 million imposed in civil penalties. ASIC also disqualified 28 directors and there were 72 instances ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... said it remains committed to exiting wealth. The OnePath/IOOF transaction is on ice pending the outcome of the APRA investigation, while NAB is reportedly hunting a buyer for MLC. Westpac, the last of the major banks to join the exodus, agreed to sell ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... conditions have been placed on the AFSL of one of Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence conditions ...

Former Commonwealth Bank chief joins ASX-listed firm

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... executive. He was chief executive of Commonwealth Bank Australia for 10 years, retiring last year amid a money laundering investigation by the Australian Transaction Reports and Analysis Centre. In his new role, Narev will work with SEEK chief executive ...

Trump will continue to buoy stock markets: Poll

KARREN VERGARA  |  MONDAY, 1 APR 2019
... Financial Standard's latest spot poll shows. The majority of readers (68%) agree that since special counsel Mueller's investigation, which found Trump did not obstruct justice, stock markets will continue to outperform. In response to the report, Trump ...