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Showing 691 - 700 of 6143 results for "Money"

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... as returns while much was lost. Kaur - which ASIC described as "an unlicensed financial adviser" - also used some of the money for personal expenses, while also collected more than $1 million in fees for the "advice". This occurred between March 2017 ...

ETP investors struggle to pick winners

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... investors in exchange-traded products (ETPs) have struggled to consistently beat market returns. The research analysed both money-weighted (MW) and time-weighted (TW) returns to determine investor performance. The MW rate of return, also known as the ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
... systemically transition these transactions to digital, improving the efficiency of your sector and getting Australians their money faster." Chalmers signalled his intention to wind down the cheque system by no later than 2030. "Leading the way, by moving ...

Director charged over illegal investment scheme

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... controlled. It is further alleged he misrepresented the nature of the investments to the clients, including suggesting their money would be invested in property and cryptocurrency. It's alleged he obtained about $2.5 million in total, using it for his ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... and chief executive Changpeng Zhao just yesterday, claiming he and the company lied to regulators and syphoned investors' money into separate, Zhao-owned companies. According to research firm Nansen, in the 24 hours after Binance was sued investors pulled ...

SMSFs continue to fly solo

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... the high costs of advice services that they don't think pays off. Interestingly, the research found that half of SMSF money is currently in pension phase. "So, retirement income considerations are going to be really, really important and perhaps ...

Fraudulent property director charged

CHLOE WALKER  |  TUESDAY, 6 JUN 2023
... Invest. Steele then withdrew more than $1.3 million of the invested funds from the company's bank accounts and used the money for purposes other than the property development. Steele appeared in the Southport Magistrates Court on June 5. The matter ...

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... spokesperson wrote in a statement to Financial Standard. "While we cannot speak for the reasons clients might move their money, we do observe that volatile markets tend to see more movements. For example, cash is an asset class that sees volatility of ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... Regulatory Authority (FINRA) found that the fund manager overstated the yield and projected annual income for nine of its money market funds across nearly 8.5 million US accounts. Vanguard produced inaccurate market appreciation/depreciation valuations ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
... funds to benefit themselves. Charged with 11 offences in total, D'Amore is alleged to have used some Berndale company money to fund deposits for residential property purchases. Kirby, charged with five offences, is alleged to have fabricated evidence ...