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Showing 691 - 700 of 723 results for "Misconduct"

ASIC scorecard shows mixed results

RUTH LIEW  |  FRIDAY, 10 DEC 2010
... subsequent fall out, but the regulator has not always been successful in prosecuting companies that were suspected of misconduct. "As noted by industry representative groups in the post-survey interviews, some of these high profile cases have resulted ...

ASIC slaps tough penance for fin services misconduct

ELISE BURGESS  |  FRIDAY, 3 DEC 2010
In a landmark case, a young broker charged with multiple counts of insider trading has received a four-and-a-half year jail sentence, the highest sentence on record for that offence in Australia. On December 2 John Joseph Hartman, 25, of Mosman, New ...

Former AMP adviser gets permanent ban

ASIC RELEASE  |  MONDAY, 20 SEP 2010
... Wales, from providing financial services. ASIC's action against Aloisi follows its investigation into allegations of misconduct during his employment as an authorised representative with AMP Financial Planning from 1 January 2004 to 5 August 2009 and ...

US pension funds get $800m from class action

MEDIA RELEASE  |  MONDAY, 19 JUL 2010
... is subject to court approval. "This historic settlement is an excellent result for all shareholders harmed by AIG's misconduct, including Ohio's teachers, firefighters, police officers, and public employees. Ohio is determined to send a strong message ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... reasons as cited in the Act include the recovery of damages for fraud, negligence, default, breach of duty or other misconduct, committed in connection with a matter to the investigation or examination. In addition, ASIC may begin civil proceedings for ...

Directors disqualified for 20 years

ASIC RELEASE  |  THURSDAY, 29 APR 2010
... more detailed investigations into the circumstances of a company failure and to report, where appropriate, director misconduct to ASIC. All the directors who were banned were afforded the opportunity to lodge an application with the Administrative Appeals ...

FPA launches anonymous reporting service

COMPANY RELEASE  |  FRIDAY, 26 FEB 2010
The Financial Planning Association (FPA) has launched its confidential misconduct reporting facility, FPA Confidential. Jo-Anne Bloch, chief executive at the FPA, said the system, which was developed in conjunction with Deloitte Touche Tohmatsu, would ...

ASIC power boost could trigger witch-hunts

RUTH LIEW  |  FRIDAY, 29 JAN 2010
... individuals to $500,000 or three times the profit made or loss avoided (whichever is greater) for those who breach market misconduct provisions. For corporations, the penalty will be the greater of $5,000,000, three times the profit made or loss avoided ...

Advisers want to keep commissions: research

COMPANY RELEASE  |  MONDAY, 30 NOV 2009
... half of respondents said they have "no confidence at all" in ASIC's ability to monitor and prevent financial adviser misconduct and investment product blowups. Respondents may have been split on some topics but an overwhelming 97 per cent supported making ...

Make advice tax deductible: IFSA

MICHAEL HOBBS  |  MONDAY, 31 AUG 2009
... could be done to assist the Australian Securities and Investments Commission (ASIC) in its response to potential market misconduct. He said the industry could play a bigger role by alerting and assisting ASIC to concerns they have in the market. "A strong ...