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Showing 901 - 910 of 1609 results for "Investigation"

False ASIC licensing claims lead to closure

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2017
A Melbourne-based financial planner closed his website following an investigation by ASIC. Stephen Burgin, an authorised representative of Interprac Financial Planning, falsely claimed to be a 'senior ASIC licenced adviser' and an 'ASIC licenced fractional ...

CommInsure cleared of systemic problems

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAR 2017
... have reasonably identified any matters that may systemically affect the declined claims population." The review and investigation process took more than 150 people 10 months to complete, involving an electronic review of more than five million emails ...

CBA caught out on unpaid super

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2017
CBA could be forced to back pay millions in unpaid superannuation to at least 7000 employees. The Finance Sector Union of Australia has revealed the bank has failed to pay part-time staff members their full 9.5% superannuation guarantee entitlements ...

ASIC targets NAB super after compliance breakdown

ALEX BURKE  |  THURSDAY, 2 FEB 2017
... super fund, the MLC Super Fund, will appoint an independent expert to review compliance breaches following an ASIC investigation. ASIC initially made enquiries into breach reports lodged by NAB wealth entities in regards to NAB's super trustee, NULIS ...

Adviser appeals ASIC ban

EMMA RAPAPORT, JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2017
A financial adviser who is under investigation by the FPA Conduct Review Commission has been banned by ASIC from providing financial services for five years. The regulator issued Darren Tindall of PWM Advice in Orange, NSW, with a banning order last ...

FPA expels cheating member

EMMA RAPAPORT  |  THURSDAY, 19 JAN 2017
The FPA has expelled a NAB-aligned member after he was found to have cheated on his CFP exam. A hearing of the association's Conduct Review Commission (CRC) found senior financial planner Shylesh Sriranjan breached the FPA Code of Professional Practice ...

Federal Court dismisses ASIC allegations

ALEX BURKE  |  TUESDAY, 3 JAN 2017
... property development; ASIC was concerned about the directors' decision to allow an extension of said loan in 2012. The investigation followed other ASIC actions regarding the company, which prior to its collapse was responsible for more than $800 million ...

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... able to disclose the details of the recommendations to Financial Standard. ASIC mandated the review following an investigation triggered by "a significant number of breaches reported by the ANZ Group in relation to its life, general insurance, superannuation ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
... providing personal financial advice - a claim that BT Financial Group rejects. The court action is a result of an ASIC investigation into Westpac's telephone sales campaigns targeting superannuation members. The regulator cites 15 cases in which it alleges ...

Goldman Sachs fined $120m for rate rigging

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
Goldman Sachs will pay a $120 million penalty for attempting to rig global benchmarks for interest rate products. The US Commodity Futures Trading Commission found that, between January 2007 and March 2012, traders in New York - including the head of ...