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Showing 721 - 730 of 5218 results for "2015-16 ASIC"

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... penalty on the basis, among other things, that it acted honestly and not carelessly when it offered the Earner product," ASIC said in response to the verdict. "ASIC took this case because it was concerned that Block Earner offered the Earner product ...

Monochrome launches Bitcoin ETF amid first-mover dispute

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
Monochrome Asset Management has launched an Australian Bitcoin exchange-traded fund (ETF). The ETF, which holds Bitcoin directly, is now available for trading on the Cboe Australia exchange. The Monochrome Bitcoin ETF's (CBOE: IBTC) holdings are stored ...

Australians selling assets over seeking help: ASIC

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... that people would rather sell their personal belongings or get a second job rather than seek financial hardship assistance," ASIC commissioner Alan Kirkland said. "Customers in hardship are entitled under the law to request assistance. These findings ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... "Some of our recent work shows that in some quarters, some listed entities need to lift their game," she said. "Last October, ASIC looked at 156 financial reports from companies across the ASX for the previous financial year. Over a third of them were ...

Forged documents see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 30 MAY 2024
... Wealth. His authorisation under Capstone ceased in June 2022 after 11 years and he doesn't appear to have been licensed since. ASIC said that it found his conduct to be "illustrative of a person who lacks the honesty, integrity, professionalism and trustworthiness ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
The Australian Financial Complaints Authority (AFCA) is set to kick out Dixon Advisory & Superannuation Services (DASS) as a member over the next few weeks. AFCA announced on May 28 that the administrator of DASS has 21 days to reply to the proposal. ...

ASIC suspends AFSL for six managed investment schemes

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
... Buy-Write Income Trust, Aurora Global Income Trust, Aurora Fortitude Absolute Return Fund and Aurora Dividend Income Trust. ASIC found Aurora failed to meet statutory audit and financial reporting lodgement obligations for itself for the financial years ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... of effort to make restitution to his victims. Under the Corporations Act and the National Consumer Credit Protection Act, ASIC may permanently ban a person from the financial services and credit industries if they are convicted of fraud.

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... trust of his victims, and that his dishonesty contributed to particularly devastating financial positions for those victims. ASIC said Ali left the country on 8 May 2018, during ongoing civil proceedings commenced against him by ASIC and while there ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
Clime Investment Management will sell Madison Financial Group and managed accounts platform WealthPortal to Infocus for $2 million. The sale is part of Clime's strategic decision to focus on its funds management and private wealth businesses and ...