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Showing 811 - 820 of 3918 results for "law"

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... was not adequately trained or competent, was not a fit and proper person and was likely to contravene a financial services law in the future," ASIC said. In addition, the AFSL of his business Simeone Pty Ltd was also cancelled. He had held the licence ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
The Financial Services Council (FSC) has examined the government's legislative agenda for super and given a policy update on the Quality of Advice Review. Firstly, following assistant treasurer and minister for financial services Stephen Jones' ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... with improving their risks and operations to prevent loss and to meet developing regulatory reforms and expectations." By law, funds must consider guidance material disseminated by AUSTRAC that's relevant to identifying, mitigating, and managing money ...

Holon, Gemini launch retail crypto funds

CASSANDRA BALDINI  |  THURSDAY, 28 JUL 2022
... institutional-grade crypto storage and industry leading security. Gemini is a fiduciary and qualified custodian under New York Banking Law and is licensed by the New York State Department of Financial Services to custody digital assets. It is regularly ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... distribution without a TMD for what is considered a high-risk offer. ASIC also made orders for non-compliance with DDO. "Under the law, firms must embed a consumer-centric approach. They need to design financial products that meet the needs of consumers ...

Suncorp agrees to super class action settlement

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
Suncorp is set to pay $33 million to settle a class action brought by superannuation members in 2019 over conflicted remuneration paid to financial advisers. The class action was brought by William Roberts Lawyers in June 2019 on behalf of Suncorp Super ...

PSP Investments names new chief

JAMIE WILLIAMSON  |  FRIDAY, 22 JUL 2022
The Canadian pension fund manager will see a new chief executive take over in September, also assuming the role of president. Currently senior managing director, global head of real assets and chief sustainability officer at CPP Investments, Deborah ...

Aaron Santelises joins ART board

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... service leave authority. He's also a volunteer solicitor with Caxton Legal Centre and a committee member on the Queensland Law Society's Industrial Law Committee. Commenting on the appointment, Australian Retirement Trust chair Don Luke said ...

Crypto lures executives despite ongoing uncertainty

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... Arrows Capital, a crypto hedge fund that was ordered to liquidate on June 27," it stated. And pointed out that India's law enforcement is probing crypto exchanges for foreign exchange violations after the rupee dropped 7% against the US dollar since ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
Over-the-counter derivatives provider Sirius Financial Markets Pty Ltd has surrendered its AFSL and its former executives Jonathan Schneider and Oskar Pecyna have both been banned for eight years. ASIC reported that Sirius Financial, trading as Trade360 ...