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Showing 61 - 70 of 1015 results for "Representatives"

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... inappropriate advice and not meeting client best interests obligations. The Federal Court found that six Dixon Advisory representatives did not act in the best interests of eight clients on 53 occasions. Each instance involved advising the clients to ...

Casey Thompson joins First Super board

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
... said. As an industry super fund, First Super is governed by a board with an equal number of employer and employee representatives, as well as independent directors. Meanwhile, last week, First Super entered a new partnership with the Australian Forest ...

Active Super reaffirms commitment to regional members

JAMIE WILLIAMSON  |  FRIDAY, 2 SEP 2022
... Kyle Loades, and board members Gordon Brock and Declan Clausen who is also Newcastle's Deputy Lord Mayor. Representatives from the fund's employers also attended. This marks the fifth office Active Super has had in Newcastle over more than 20 ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... reminded licensees to ensure they effectively monitor and supervise any brokers that are operating as authorised representatives under their licence. "We will intervene or take action where we see unfair or inappropriate offers of securities lending ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... MobiSuper fund. MobiSuper and ZIB Financial will pay the combined penalty after the Federal Court found MobiSuper representatives had phoned customers and provided personal advice without acting in the customers' best interests and failed to warn ...

IFM calls off Atlas Arteria takeover bid

CHLOE WALKER  |  THURSDAY, 28 JUL 2022
... economic interest in approximately 15% of the issued securities of Atlas Arteria. Following the disclosure, IFM GIF's representatives requested Atlas Arteria provide certain limited company information, before deciding whether to submit a non-binding ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... (CFDs) and margin foreign exchange contracts products issued by Sirius Financial. The regulator found call centre representatives persuaded Sirius Financial clients to trade using pressure selling tactics and provided clients with personal advice when ...

Equity Story plans to throw finfluencers a lifeline

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... discussions with several popular personal finance commentators and "finfluencers" to onboard them as authorised representatives of its licence, following ASIC's warning earlier this year as to the penalties for providing advice without a licence. ...

ASIC takes Lanterne Fund Services to court

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... investor harm due to shortcomings in Lanterne's systems and processes." "Despite Lanterne's authorised representatives operating under its licence being responsible for over $1 billion in funds and collectively paying monthly fees of around $180,000 ...

CountPlus takes stake in WSC Group

ANDREW MCKEAN  |  TUESDAY, 5 JUL 2022
... Group will be authorised by Count Financial as part of the transaction, adding an additional three authorised representatives to the CountPlus-owned licensee. WSC Group managing director David Shaw welcomed the investment and the benefits it will bring ...