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Showing 741 - 750 of 1612 results for "Investigation"

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 ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... institutions took 4.5 years to identify an incident that was later determined to be a significant breach. From the time an investigation was launched to a breach report being lodged with ASIC, this took an average of 150 days. The corporate watchdog ...

AFA rejects criticism over grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 26 SEP 2018
... volume of grandfathered commissions. Turning the tables, the AFA called out both Treasury and ASIC for the lack of investigation conducted in determining the remaining level of grandfathered commissions, the products they're applied to or the extent ...

AAT overrides adviser ban

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... He was also a director of advice firm WAWM Investment Holdings. Between 14 May 2007 and 30 November 2012, ASIC's investigation found Hutchison banked clients' cheques for advice fees into his personal bank account when he was obliged to remit or ...

ASIC commences civil action against ANZ

KARREN VERGARA  |  MONDAY, 17 SEP 2018
... have stated the joint lead managers took up approximately 25.5 million shares of the placement. ANZ said ASIC's investigation into the August 2015 placement is separate to the Australian Competition and Consumer Commission's (ACCC) proceedings. ...

Former Westpac adviser ban upheld

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
... superannuation fund (SMSF) and use limited recourse borrowing arrangements to fund the purchase of real property. ASIC's investigation found Atkins provided SMSF advice to clients that involved setting up and using limited recourse borrowing arrangements ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... the condition failed to meet the definition. On 9 March 2016, the customer filed a complaint with FOS. FOS' investigation found the condition did meet updated definitions of a heart attack and seven months later, ruled in favour of the customer. ...