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Showing 691 - 700 of 4130 results for "Conduct"

Former adviser jailed for six years

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... debts. Appearing before the Maroochydore District Court, former adviser Brett Gordon faced nine counts of fraud relating to conduct between 2015 and 2018 when he was director of advice practice Refocus Financial Group. During that time, Gordon withdrew ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
... into question why ASIC reacted in the way it did. I anticipate this new trial, and the Parliamentary Inquiry into ASIC's conduct, will reveal just how broken ASIC really is." Separately, the Federal Court of Western Australia has scheduled a trial to ...

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Search funds, an investment strategy that sprung from the hallways of two Ivy league universities in the US, have reached Australia, grabbing the attention of investors drawn to the new business model and returns in excess of 30%. Developed by universities ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Link Group has sold the troubled Fund Solutions business and reached a settlement with the UK Financial Conduct Authority (FCA) over the Woodford fund issues. Fund Solutions has been sold to Waystone Group, for between $203 to $259 million (£110- £140) ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
A major overhaul is in store for the Reserve Bank of Australia, with the widely anticipated review putting forth 51 recommendations, with particular consideration given to how cash rate decisions are made. Released today, An RBA fit for future comes ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... linked account. Silicon Valley's entry into the space has caused some concern for regulators, last year the Financial Conduct Authority (FCA) launched an inquiry into big tech firms like Google, Facebook Amazon and Apple entering financial markets with ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... payments, financial infrastructure, banking, and banknote functions. Chalmers further flagged that the Statement on the Conduct of Monetary Policy will potentially be included in the RBA Act. The statement is a common understanding between the RBA governor ...

Illegal early release of super sees director banned

CHLOE WALKER  |  TUESDAY, 18 APR 2023
... with Edden-Brown in December 2020, he failed to remove the statements until July 2021, ASIC said. "As a result of this conduct, Edden-Brown is not fit and proper, and is not adequately trained or competent, to participate in the financial services and ...

Princeton endowment fund chief to retire

CHLOE WALKER  |  MONDAY, 17 APR 2023
Princeton University Investment Company (PRINCO) president Andrew Golden has announced his retirement after close to three decades in the top job, during which the university's endowment has grown tenfold. Since joining in 1995, Golden has contributed ...

Former Shaw and Partners adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... Finally, ASIC said he made false statements to the regulator in the course of its investigation. It's alleged his conduct impacted about 40 clients and involved around $3.5 million being placed in the products, which were not approved by Shaw and ...