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Showing 861 - 870 of 6264 results for "December 1994"

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
ASIC has continued its crackdown on greenwashing, having recently fined two more entities over alleged false or misleading statements. Earlier this month, ASIC announced it fined superannuation trustee Diversa Trustees $13,320. Diversa is the issuer ...

Magellan reports $2.6bn net outflows

ANDREW MCKEAN  |  MONDAY, 9 JAN 2023
Magellan has reported net outflows of $2.6 billion in December, including retail outflows of $0.6 billion and institutional outflows of $2 billion. In addition to the net outflows, Magellan also experienced a $4.9 billion decrease in funds under management ...

Former adviser sees ban reduced

CHLOE WALKER  |  MONDAY, 9 JAN 2023
The Administrative Appeals Tribunal (AAT) reduced the period and scope of the ban imposed on former financial adviser Ashok Sherwal. Sherwal, who was an authorised representative of six different licensees over the past seven years, was originally banned ...

Federal Court finds against finfluencer

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
The Federal Court determined Tyson Scholz, known as ASX Wolf, was running an unlicensed financial services business for over a year, including providing courses on share trading and recommending stocks on Instagram. The court handed its decision down ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
Benjamin Cooper has been sentenced for conspiring to manipulate the share price of Quantum Resources, now known as Nova Minerals Limited. Cooper was sentenced to 15 months imprisonment, to be released immediately after paying $6000 and undertaking a ...

Apollo increases Challenger stake

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
Apollo Global Management has taken a further stake in Challenger, it now has 19.1% voting power in the ASX-listed investment manager. As previously reported by Financial Standard, last year, Will Vicars' Caledonia sold its 15% stake in Challenger to ...

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
Two former senior Statewide Superannuation executives have appeared before the Adelaide Magistrates' Court charged with dishonesty offences. The offences relate to the former Statewide Super executive's procurement of services between February ...

Pinnacle's performance fee revenue could plummet

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
Pinnacle Investment Management Group (Pinnacle) expects its net share of performance fees to be potentially less than $1 million, down from $6.4 million in the corresponding period ending 31 December 2021. In an ASX announcement, Pinnacle said several ...

Latest adviser exams see 57% pass rate

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
Just over half of the candidates who sat the November exam passed, revealed ASIC. ASIC released the 19th cycle Financial Advisers Exam results and said, of the 282 candidates who sat the test, only 161 (57%) were approved. It explained 57% sat the test ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ...