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Showing 61 - 70 of 459 results for "Conflicts of interest"

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... adviser at Build Your Wealth has been banned from the industry for five years after ASIC found evidence of conflicts of interest. Christopher Edward Luff failed as a financial adviser, according to ASIC's investigation, particularly when it came ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
ASIC has banned two former directors and responsible managers of XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... oversight of documents that had misleading or deceptive and did not have adequate arrangements to manage conflicts of interest arising from Payne being a director of MAM while acting as a responsible manager. Payne and Atkins were directors of MAM from ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... representatives complied with financial services laws, did not have adequate arrangements for the management of conflicts of interest, failed to take reasonable steps to ensure its retail product distribution was consistent with its target market determination ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... understand licensees' businesses, including how they generate advice documents and handle complaints and conflicts of interest. When it comes to monitoring them, ASIC found trustees' checks against the Financial Advisers Register varied from weekly to ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... in market misconduct. "They are a timely reminder to directors of their obligations, including to avoid conflicts of interest, and that serious consequences are imposed for contraventions to help maintain confidence in the financial system," Longo said. ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... the variety of care options, rush to make immediate decisions, cost of advice, complicated fee structures, conflicts of interest, and raw emotions are just a few of the challenges when accessing aged care advice. "Moreover, aged care legislation, choices ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... to buffer such additional time and effort? Nguyen said stricter rules on the banks will mean managing of conflicts of interest and keeping on top of consumer protections. "Banks could face increased customer dissatisfaction and litigation, if the quality ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... and money can be locked up for up to two years. Finally, ASIC said the PDSs don't adequately disclose the conflicts of interest associated with investments in funds related to Keystone or how it manages said conflicts; don't disclose a change in the ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... price. Further, the Court said Westpac failed to ensure it had adequate arrangements in place to manage conflicts of interest between itself and the consortium, adding that it did not do all things necessary to ensure the transaction was provided to ...