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Showing 881 - 890 of 1611 results for "Investigation"

Macquarie to pay $2m following ASIC probe

ALEX BURKE  |  MONDAY, 22 MAY 2017
... undertaking from Macquarie, which includes a community benefit payment of $2 million, following the regulator's investigation into the bank's wholesale foreign exchange business. ASIC determined that on multiple occasions between 2008 and 2013, Macquarie ...

Senior ATO official tangled in $165m fraud scandal

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... Office's most senior and long-serving officials is expected to be charged in relation to an Australian Federal Police investigation into an alleged $165 million tax evasion syndicate. Deputy tax commissioner Michael Cranston was issued with a court attendance ...

Barclays refunds US$97m for overcharging clients

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
... to refund $97 million to clients for misrepresenting services and overcharging advisory and mutual fund fees. An investigation by the US Securities and Exchange Commission found Barclays overbilled clients to the tune of US$50 million. It also failed ...

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
... identified multiple contraventions of duty pertaining to the management of said schemes. More recently, an ASIC investigation has led to the winding up of another investment manager: Courtenay House Capital Trading Group. The Supreme Court of NSW has ...

Two Victorian advisers cop bans

KARREN VERGARA  |  TUESDAY, 16 MAY 2017
... advisers copped temporary bans from ASIC for operating without an AFSL and providing inappropriate advice. ASIC's investigation found MySuperMan director David Heycock and employee Stuart Arnold-Levy provided unlicensed and poor advice, particularly ...

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... the unresolved complaint often makes its way to the SCT. We see some death benefit complaints withdrawn during the investigation stage when the complainant becomes aware of the factors that led to the original distribution decision," the tribunal said. ...

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
... clients to potential legal and financial risk, and urged consumers to deal only with licensed representatives. ASIC's investigation arose from an intelligence report lodged by the Australian Taxation Office which raised concerns about Ross' conduct.

Bankers told to spread positive message

DARREN SNYDER  |  MONDAY, 24 APR 2017
Twelve months in to its public commitment to place more focus on protecting consumer interests, the banking industry still needs to persuade the community that change is being made. On Friday independent governance expert Ian McPhee delivered his fourth ...

ASIC bans company director

JAMIE WILLIAMSON  |  FRIDAY, 21 APR 2017
... management firm was banned from providing financial services by ASIC. Bingxing Hu was banned for five years after an ASIC investigation found he knowingly engaged in conduct likely to mislead during his time as a director of AFS Capital Securities, which ...

Banks must overhaul product-based incentives

KARREN VERGARA  |  WEDNESDAY, 19 APR 2017
... should be changed urgently. These are the latest findings as part of the Sedgwick Review, and form an extensive investigation between staff remuneration and products sold to retail and small business customers. The report highlighted the importance of ...