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Showing 731 - 740 of 7576 results for "Deal"

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
ASIC has accepted a court enforceable undertaking from iExtend Holdings Company (iExtend) after investigating concerns that it was operating without an AFSL. The undertaking also relates to iExi Pty Ltd, which trades as iExtend. Documents show the investigation ...

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... so the overall sentiment has improved. "But BOLR was this big issue from the past that we had to face into, and we had to deal with to make sure we rebuilt that trust... We had rebuilt trust in terms of their confidence around how we can manage the business ...

ASIC freezes out former Magnolia Capital director

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... dishonestly retaining investor funds which were due to be repaid to investors. Further, he failed to undertake training, deal with investor complaints and to respond to requests from Guildfords.

Scarcity Partners brings private equity investment model to Australia

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... companies and profit sharing via management fees. Previously, investors could only participate in this type of investment on a deal-by-deal basis or by purchasing shares in publicly listed investment managers. Scarcity Partners founding partner Adrian ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
The Securities and Exchange Commission (SEC) has charged Kraken Crypto Exchange for operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. According to the SEC, Kraken has made hundreds of millions ...

Private market deal activity set to persist amid high-rates: Aviva

ANDREW MCKEAN  |  TUESDAY, 21 NOV 2023
... debt has tightened, leading to more refinancings than new deals, infrastructure debt has seen rising premia, with steady deal flow and ongoing non-discretionary projects. "Further deal activity is expected in the coming months, as the realisation of ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... Financial Group (WTL) will acquire Millennium3 Financial Services (M3) from Insignia Financial for $2 million. Under the deal, M3's 140 wealth and personal risk insurance advisers, operating in more than 75 privately owned practices across the country ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
Since its inception, the Australian Financial Complaints Authority (AFCA) has clawed back $1.2 billion in compensation and refunds for more than 400,000 consumers and small businesses. Reaching its fifth year in operation, AFCA explained its efforts ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... in early 2022 but fell through a few months later. Both parties said that it was "mutually agreed" upon to terminate the deal. Wealthfront had about US$27 billion ($41bn) in AUM at the time. Wealthfront's close rival Betterment had over US$40 billion ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...