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Showing 711 - 720 of 1607 results for "Investigation"

ASIC goes to court seeking AMP documents

KANIKA SOOD  |  MONDAY, 17 DEC 2018
... date. In October, ASIC issued a notice to Clayton Utz asking it to produce certain documents, as it continued its investigation into the AMP Group for fee for no service conduct and the provision of related false or misleading statements to ASIC. "Clayton ...

FPA reviews disciplinary regulations

JAMIE WILLIAMSON  |  WEDNESDAY, 12 DEC 2018
... their names publicised, and the ability to agree with the FPA to not have it publicised be removed. The processes of investigation and of breach and sanction should be separated, with the investigation officer doing the former and the CRC performing ...

Advisers failing to submit SMSF returns

DARREN SNYDER  |  TUESDAY, 11 DEC 2018
More than 2700 tax practitioners, who are also trustees of their self-managed superannuation fund, have outstanding SMSF annual returns. This latest figure comes from the Tax Practitioners Board as it launches a new compliance strategy. The TPB is calling ...

Freedom ditches life insurance sales

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... calendar 2019, but indicated that the company is still solvent. Freedom said it informed ASIC that it has commenced an investigation into its past misconduct highlighted by the financial services Royal Commission. The size and scope of the remediation ...

Celebrities cop $1m crypto fine

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... endorsements," she said. The SEC also warned against making investment decisions on the back of celebrity endorsements. The investigation is ongoing. "Any celebrity or other individual who promotes a virtual token or coin that is a security must disclose ...

CBA investigates possible privacy breach

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
Commonwealth Bank confirmed it is undertaking an investigation into a potential privacy breach that may have seen sensitive medical information of CommInsure claimants accessed by employees in other departments of the bank. As reported by the ABC earlier ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
APRA's handling of NAB and AMP fee for no service scandals were in the spotlight as chairman Wayne Byres was asked about the regulator's superannuation work in the final hours of the Royal Commission's public hearings. The prudential regulator reviewed ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
... and blamed the complexity of running a big organisation. Counsel assisting Rowena Orr referenced ASIC's recent investigation into financial institution's breach reporting times, which found ANZ took significantly longer than the other three major ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... $1.25 million payment as a result of an Enforceable Undertaking (EU) ASIC entered into with CBA and ANZ following an investigation that found they missold super products. Shipton said the payments aim to "ameliorate" or deter future misconduct and in ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
... adjustments, yet to be determined for FY2016 due to potentially sub-par compliance and other matters currently under investigation. One such matter is the CommInsure issue, which although still under investigation, the risk committee may wish to consider ...