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Showing 7101 - 7110 of 28267 results for "NOT"

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... for the retailer's creditors). "Kamensky allegedly indicated that, in his position as co-chair of the committee, he would not allow the competing bidder to successfully buy the securities," the SEC alleged. "When his actions came to light, Kamensky allegedly ...

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... obligations owed to clients when taking commissions from product issuers or clients. Piper Alderman alleges Count Financial did not ensure its financial advisers did not contravene their legal obligations to clients, failed to ensure adviser remuneration ...

Chief economist update: Australia on top despite recession

BENJAMIN ONG  |  FRIDAY, 4 SEP 2020
... 29-years, our nation - to use Old Blue Eyes' song - remains "Top of the list, King of the hill, A number one..." It may not be Einstein's "relativity theory" or Frank Sinatra's New York, New York but Australia's doing better relative ...

LIC seeks conversion to ETF

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
... financial advisers. Zenith Investment Partners head of listed strategies and real assets Dugald Higgins says MA1's move may not necessarily signal a systematic shift of LICs or LITs converting to ETFs in the future. "This is not the first time we ...

Future Fund risk aversion not at historic levels

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
The sovereign wealth fund yesterday warned about investing cautiously in a COVID world, but a look at its historic risk taking shows it has been more risk averse before. "Now, more than ever, we are conscious of our obligation to avoid 'excessive risk'. ...

Technology can ease adviser red tape: Academic

KARREN VERGARA  |  THURSDAY, 3 SEP 2020
... thrown away and that the industry could start from scratch. For the regulators' part, Hanrahan suggested that what is not classified as personal advice should be subjected to lighter red tape. Personal advice has a fiduciary characteristic, she said ...

WAM names new board member

ALLY SELBY  |  THURSDAY, 3 SEP 2020
Geoff Wilson's WAM Capital has appointed a former Commonwealth Bank chief technology officer to its board, set to help strengthen the investment group's technological capabilities. Matthew Pancino has nabbed the role, however, the appointment remains ...

ASIC restrains Mawhinney

ELIZABETH MCARTHUR  |  THURSDAY, 3 SEP 2020
... Island/Mission Beach development the group has been promoting to the bitter end is likely over for now. Further, Mawhinney will not be able to receive or solicit any funds at all associated with a financial product. These orders apply to all products ...

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... it's all over. A teenie-weenie microscopic organism has ended the Australian economy's 29-year recession-free run. Not that we need to be informed - we were already feeling it deep right through our bone marrows - but the Australian Bureau of ...

Morningstar upgrades four, downgrades 10

ALLY SELBY  |  THURSDAY, 3 SEP 2020
... "Dimensional has been able to handle periods such as when yield curves have become flat or even inverted, its duration floor not proving a hindrance." Nikko Asset Management's Australian Bond was also upgraded from neutral to bronze, which Morningstar ...