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| | | ... financial loss because of the breach are fully compensated as soon as possible. "It is imperative that trustees adhere to the law and direct members' money to the correct product in a timely manner to ensure their best financial interests are protected ... |
| | | | ... Previously, he spent more than 23 years as a partner at the legal firm Corrs Chambers Westgarth and more than five years practising law in Saudi Arabia at Al Tamimi & Company. Hall said the new manager is delighted to welcome Sequoia as its partner. ... |
| | | | The director of investment manager Foxi Capital has been banned from providing financial services for eight years after it was found he lacked relevant qualifications and experience, and misled investors. Foxi Capital director and Responsible Entity ... |
| | | | ... fit-for-purpose advice records that are more meaningful for consumers. Given that the government will still need to clarify the law to ensure super funds can safely and helpfully answer simple questions from people approaching retirement, Super Consumers ... |
| | | | ... of fees should be removed," she said. "The new best interests duty would be a true fiduciary duty that reflects the general law and will not include a safe harbour. This duty will apply only to financial advisers (relevant providers)." Jones said trustees ... |
| | | | Valuations for financial advice firms have increased in the year to June, defying expectations that inflation and wider economic conditions would dampen demand and prices. The findings are based on Radar Results' latest data, which saw a 6% to 11% increase ... |
| | | | ... matter, in which PwC senior partners shared information obtained during a confidential consultation with Treasury concerning tax law changes, has been escalated. In response, AustralianSuper became the first superannuation fund to freeze any new contracts ... |
| | | | ... whose assets were part of the pool. Coinbase failed to register its offers and sales of this staking program as required by law." SEC chair Gary Gensler said it's believed Coinbase commingled and unlawfully offered exchange, broker-dealer, and clearing ... |
| | | | The Senate Economics Legislation Committee has urged the government to review laws that would impact franked dividends funded by capital raisings. In February, the government tabled the Treasury Laws Amendment (2023 Measures No.1) Bill 2023 which among ... |
| | | | ... entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law," said SEC chair Gary Gensler. "As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading ... |
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