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

Search Results

Showing 681 - 690 of 2778 results for "OCC"

Trading platform cops $110k fine

KARREN VERGARA  |  TUESDAY, 18 JAN 2022
A trading platform has copped a fine of $110,250 for breaching enquiry rules and compliance obligations. BGC Partners breached the ASX 24's trading rules on two occasions on 22 March 2019, according to the Markets Disciplinary Panel, by transacting ...

Data shows WallStreetBets created losses

ELIZABETH MCARTHUR  |  THURSDAY, 13 JAN 2022
New data has found that in 2021 stocks recommended by Reddit's popular WallStreetBets (WSB) community resulted in more losses than returns. The data was compiled by European trading platform Capital.com, and suggests relying on advice in the WSB forum ...

Global equities ETPs reap benefits of conversion

KARREN VERGARA  |  WEDNESDAY, 12 JAN 2022
Actively managed global equities exchange-traded products have grown significantly off the back of ETPs converting from unlisted unit trusts. In September 2020, total assets of actively managed international equities ETPs were $3.7 billion, representing ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
Members of Media Super have received an apology from the fund after it was discovered the information underpinning its benefit projection tool hadn't been updated since 2015. Media Super's Retirement Income Simulator was made available on its public ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

FSC names acting chief executive

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
The Financial Services Council appointed an acting chief executive as it looks to replace Sally Loane, who steps down on December 23. Blake Briggs, currently the deputy chief executive of the FSC, will take the top job in the interim. Briggs joined ...

ASIC bans two Sydney based advisers

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
ASIC has banned the directors of Premier Wealth Management from providing financial advice, while also stripping the firm of its AFS licence. The corporate regulator announced on Tuesday (December 14) it has banned Sydney-based financial advisers Gerald ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
superannuation members. Avanteos pleaded guilty to 18 criminal charges relating to failures to update defective disclosure statements and continuing to charge fees to deceased super fund members. At the time of the offending, Avanteos was a subsidiary ...

3PD, Haven Green ink partnership

ELIZABETH MCARTHUR  |  MONDAY, 6 DEC 2021
Haven Green and 3PD have entered into a back-to-back alliance agreement. The new agreement means 3PD will represent Haven Green Investment Managers in Australia and New Zealand and Haven Green will represent 3PD's managers in Europe, Middle East, Asia ...