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Showing 711 - 720 of 6469 results for "September"

JPMorgan says fintech was a fraud, closes business

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2023
... 2021 and is suing its founder, claiming most of its users were fake accounts created to inflate the business' value. In September 2021, JPMorgan Chase acquired Frank, a platform that assisted college students in applying for and managing financial aid ...

BlackRock rethinks fundamental equities, PMs depart

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2023
... Lanchester joined from Perpetual and Beaumont from Andante Capital. Meanwhile, Theodore was appointed to the team in September 2015, recruited from UBS where he was a senior analyst. The BlackRock High Conviction Australian Equity Fund was launched in ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... misleading sustainability-related statements made to the Australian Securities Exchange (ASX) between 23 December 2021 and 8 September 2022. ASIC called BME out over statements in three ASX announcements which claimed that "BME was creating a natural ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... (IDII) tunnel, but there's still a way to travel before the end is reached, according to APRA. Analysis of data to September 2022 shows IDII enjoyed a run of favourable results, reporting net profits after tax for five straight quarters. This followed ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... the bank accounts, Goel retained up to 100% of the pay out in fees before forwarding the balance to the consumers. In September 2020, ASIC took civil action against Goel, restraining him from leaving the jurisdiction, requiring him to surrender his passports ...

Magellan FUM back at $50bn

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... the year the decline has continued; it went from having $57.6 billion in FUM at the end of August to $50.9 billion at September end. October proved kinder and saw FUM increase slightly to $51 billion, however the growth was short lived.

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... associated with defending civil proceedings against the company regarding the US Masters Residential Property Fund (URF). In September, Dixon Advisory was made to pay $7 million for providing inappropriate advice and not meeting client best interest ...

Australian Ethical lowers fees

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... on an account balance of 0.29%. The new administration fee is $68, and the percentage administration fee is 0.26%. In September, Australian Ethical reduced the dollar-based administration fee across all its products from $97 to $74 a year. Meanwhile ...

Hostplus, Maritime Super make merger official

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
... pooling their assets, the two funds have officially signed a successor fund transfer deed. Expected to take place in September 2023, the merger will see Maritime Super members transferred to Hostplus and all Maritime Super assets - already managed by ...

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
... licensee by incorrectly charging monthly access fees to customers. The regulator alleged that, between June 2010 and September 2019, CBA incorrectly charged monthly access fees to customers who were entitled to fee waivers because they met certain criteria ...