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Showing 791 - 800 of 3709 results for "Order"

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
ASIC is suing several AMP entities over fees for no service charged on corporate superannuation accounts. The regulator has commenced civil proceedings in the Federal Court against six companies that are, or were at the time of the conduct, part of ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
Tidswell has surrendered its RSE licence to APRA, as it agrees to ASIC's allegations it contravened the Corporations Act in its work for startup super fund MobiSuper. In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... of the Corporations Act ". As part of its determination, the court ordered BT and Asgard to publish an Adverse Publicity Order on their websites. Justice Wheelahan found that the firms benefited from their automated and offshore processes and systems ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
... fund's commitment to ethical or socially responsible investing. "In our experience, the incidence of greenwashing is in the order of five-10% of funds bearing the ESG or responsible investing label," Ashton said. Evergreen is developing a labelling system ...

Funds will fail YFYS test multiple times: Parametric

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUL 2021
... controlled and predictable manner." "It means that investment teams will need even higher conviction in their fund managers in order to compete in this market," Zhang said. "Investment strategies that will do well in this regime are solution that can ...

Economic recap: Week to July 9

BENJAMIN ONG  |  MONDAY, 12 JUL 2021
At its July 6 meeting, the Reserve Bank of Australia (RBA) kept the cash rate unchanged at 0.1% and retained the April 2024 bond as "the bond for the yield target" - against speculation that it would roll this over to the November 2024 bond. At the ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
ASIC will drop its September 4 Federal Court case against Evans & Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million ...

ASIC review of ESG products underway

JAMIE WILLIAMSON  |  THURSDAY, 8 JUL 2021
... Essentially, this misrepresentation distorts relevant information that a current or prospective investor might require in order to make informed investment decisions driven by ESG considerations," Armour said. "Addressing this threat will improve governance ...

AMP Life CIO moves to HESTA

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
... chief executive Debby Blakey welcomed him to the fund. "We must achieve the right blend of experience and capabilities in order to support the innovation and partnership needed to continue delivering long-term investment excellence," Blakey said. "HESTA ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
Trading platform Robinhood has been slapped with a US$70 million fine, deemed to be the largest financial penalty handed down by the Financial Industry Regulatory Authority (FINRA). FINRA, which regulates brokerages and exchanges, said millions of Robinhood ...