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Showing 731 - 740 of 1608 results for "Investigation"

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
... considering consumers who need help, Loane added. As a solution, the committee recommended that ASIC undertake a thorough investigation of how in-house rehabilitation services in the life insurance industry operates. This was on the basis the committee ...

Former Australian cricket captain in crypto fail

JAMIE WILLIAMSON  |  TUESDAY, 23 OCT 2018
The cryptocurrency venture once supported by a former Australian cricket captain has folded. Brisbane-based start-up Global Tech was in the midst of an Initial Coin Offering which it says has now ceased in accordance with ASIC requirements. The cryptocurrency ...

Pension fund manager siphons $2m

JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
... lifestyle. "This was a serious breach of the council's trust from a senior employee, resulting in a detailed police investigation," the council said. It added that the misconduct was a significant time ago and processes have been strengthened and are ...

Ban Dollarmites: Spot poll

KARREN VERGARA  |  MONDAY, 15 OCT 2018
... fraudulently activated Dollarmite accounts for personal gain, awarding them a Shonky was an easy decision." CHOICE's investigation found 35% of Australian adults still hold their first bank account, adding weight to the group's argument that ...

ASIC bans Spectrum Wealth adviser

KARREN VERGARA  |  WEDNESDAY, 10 OCT 2018
... corporate regulator has banned a Spectrum Wealth adviser from providing financial services for three years, following an investigation that sprung from reports sent to ASIC by life insurers. Gurumukh Singh Mehra failed to act in his clients' best ...

TAL refutes duty of good faith breaches

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims. In a submission to the Royal Commission, the group insurer says it did not breach its duty of ...

ASIC appeal convicts former CBA planner

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
... (CDPP), appealed the sentence of former Commonwealth Financial Planning adviser Ricky David Gillespie. ASIC's investigation between 1 January 2007 and 13 June 2009 alleged that Gillespie, a senior financial planner on the Gold Coast at the time ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
Westpac's cash earnings for 2018 will take a $235 million hit due to ongoing remediation to financial advice customers. The institution is estimating its full-year cash earnings will be reduced significantly as a result of provisions set aside for compensation ...

Elon Musk charged with securities fraud

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... the SEC alleged in a media conference as reported by Bloomberg News. The SEC has appointed two litigators and the investigation continues.

Macquarie chiefs embroiled in German investigation

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... executives, including outgoing chief Nicholas Moore and successor Shemara Wikramanayake, are embroiled in a German investigation that alleges the bank was involved in a share-trading scheme. In a statement released to the ASX on Friday morning, Macquarie ...