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Showing 681 - 690 of 723 results for "Misconduct"

Barclays fined $A451 million

BEN COLLINS  |  THURSDAY, 28 JUN 2012
... Authority (FSA) said. The FSA's acting director of enforcement and financial crime, Tracey McDermott, said Barclays' misconduct had been "serious, widespread and extended over a number of years." The FSA said that it was continuing "to pursue a number ...

Trio investor secures damages from adviser

BEN COLLINS  |  FRIDAY, 8 JUN 2012
... successfully take action against their financial adviser, but that's only an option if there has been some form of misconduct on the part of the financial advisor." Investors and self funded retirees lost approximately $180 million in the Trio fraud. ...

Compensation report finds against last resort scheme

RACHEL DAVIS  |  WEDNESDAY, 9 MAY 2012
... yesterday. The report found that retail clients are generally able to recover compensation for losses attributable to misconduct by licensees, except where the licensee lacks the resources to meet those claims. If current arrangements are reinforced ...

ASIC annual report highlights industry trends

ELISE BURGESS  |  MONDAY, 31 OCT 2011
The ASIC annual report presented a wide picture of the industry, including details of over 15,000 alleged misconduct cases, inside trends and its results for the financial year. Over the last 12 months, up to June 30, the Australian Securities and Investments ...

WA adviser receives jail sentence and reparations

RACHEL DAVIS  |  MONDAY, 5 SEP 2011
... and investors and in doing so, had breached a fundamental responsibility of directors. 'ASIC will act to ensure that misconduct by directors and other gatekeepers who fail in their responsibilities to uphold and safeguard the interests of shareholders ...

ASIC cautions industry after US broker tweeted into suspension

ELISE BURGESS  |  TUESDAY, 19 JUL 2011
... must be vigilant with their web presence as regulators close in on the social spaces to ensure fair trading and no misconduct. Online financial communities and forums, blogs, Facebook and Twitter are emerging as the new frontier of investment communication ...

ASIC heats up insider trading investigations

ELISE BURGESS  |  THURSDAY, 14 JUL 2011
... doing this through thorough surveillance of the market and by taking pre-emptive action to prevent possible market misconduct," said Shane Tregillis, ASIC Commissioner. Particular areas of concern were corporate advisers failing to have the right controls ...

ASIC warns it will act on rogue ETF pricing

ALISON BEVEGE  |  WEDNESDAY, 13 JUL 2011
... rules, and two for continuous disclosure obligations. The regulatory body took pre-emptive action to prevent potential misconduct 22 times over orders on exchange-traded funds (ETFs), with the main issues being trading significantly above or below the ...

Burned investors drink bitter cup: ASIC

ALISON BEVEGE  |  FRIDAY, 20 MAY 2011
Investors who suffer financial losses thanks to misconduct often don't know how to seek redress and recover only a few cents on the dollar if at all according to new research from finance industry regulator ASIC. The organisation studied the social ...

Adviser banned for life

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
... then-employer Clark Greenham Financial Services, when his manager became suspicious and told Genesys of the possible misconduct. Genesys terminated his authorisation and contacted ASIC. The corporate watchdog investigated and banned Carll for life after ...