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Showing 61 - 70 of 680 results for "Records"

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... included supervisors and senior managers sent and received off-channel communications that had to be kept as official company records under federal securities laws. The SEC argued that failure to do so deprives it from conducting its investigations. ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... obligations for AFS licensees or their representatives as they provide personal advice. It states that licensees must keep records for seven years after the day the personal advice was provided to the client. They must also be accessible by the licensee ...

AAT slashes adviser ban

KARREN VERGARA  |  MONDAY, 8 JUL 2024
A financial adviser banned from practising for two years for failing to keep appropriate records had the term slashed in half by the Administrative Appeals Tribunal (AAT). The AAT varied ASIC's decision to ban Christopher Betalli from providing ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... financial advice." However, careful oversight is crucial. Some licensees have already encountered risks with AI, as it records comments made by advisers, potentially leading to unintentional advice being given during meetings. There's also the concern ...

Preqin launches new term intelligence tool

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... worked on, they may provide limited insight into market practices because they only have access to their own firm's past records. "Now with Term Intelligence, investors can conduct thorough pre-investment due diligence on fund terms, with the assurance ...

Schroders announces structural, leadership changes

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
... July 2021. Schroders chief executive Simon Doyle said Mullins and Wood are solid investment leaders with strong track records. "In making these adjustments to the fixed income and multi-asset team structure and leadership, we believe we are positioning ...

Fidelity confirms active ETFs to launch in coming weeks

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
... available as ETFs allows investors easy access to some of our most popular funds in Australia, with solid long-term track records. Whether they are seeking exposure to offshore market opportunities like Asia, India or global small to mid-caps, or to ...

ATO flags key focus areas this tax time

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... rate method of calculating a working from home deduction to broaden what is included, increase the rate, and adjust the records you need to keep. These changes are in full effect this financial year, meaning you must have comprehensive records to substantiate ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... be the cost base for calculating CGT. In a bid to search for elusive investors, Chapman said the ATO is collecting bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people trading ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... conduct their roles, nor did it offer or provide training to its CARs or ARs or require evidence of training or maintain records of training. Finally, Lanterne conceded it had insufficient human resources to enable it to monitor and supervise representatives ...