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Showing 921 - 930 of 1680 results for "Breach"

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... what has come out in the Royal Commission," and that the process began in June 2017. The Commission recently referred to a breach report concerning 325 NAB staff, including 204 financial advisers, who were involved in incorrectly witnessing client forms. ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
ASIC is sifting through statements made by Initial Coin Offering (ICO) issuers to identify material that could mislead or deceive investors, and has already identified non-compliant offers. The Australian Securities and Investments Commission is sending ...

ASIC deregisters 117 SMSF auditors

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
The corporate regulator cancelled the registrations of 117 SMSF auditors after they failed to lodge annual statements. The auditors stripped of their registrations will no longer be able to audit self-managed superannuation funds (SMSFs). "Conducting ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
An overwhelming number of people who work in life insurance believe the industry needs government backing so it can properly regulate. In a survey conducted by DST Systems, a large number of respondents (85%) want to engage with ASIC to strengthen the ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
Testimony provided to the Royal Commission by key financial advice associations and the corporate regulator raised concerns as to the organisations' efficacy in identifying and penalising misconduct. In closing the Royal Commission's inquiry into financial ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
IMF Bentham is the latest firm to finance proposed class action proceedings against AMP in light of evidence at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The litigation funding group said it ...

Nick Bolton back on ASIC radar

ALEX BURKE  |  MONDAY, 30 APR 2018
... Sebastian's disqualification was not justified under s 206F at the time that it was made but am satisfied that he has been in breach of s 206A in the period between ASIC's decision and my decision? The offence provided for in s 206A is predicated upon ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... the unsuspecting couple. Royal Commission singles out 325 NAB staff cutting corners The Royal Commission referred to a breach report concerning 325 NAB staff, including 204 financial advisers, who were involved in incorrectly witnessing client forms. ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
The Association of Financial Advisers decided to retain two financial advisers as members despite them receiving official banning orders from ASIC because the association didn't want to tarnish its reputation and engage in a legal battle. AFA chief ...

MGP responds to Henderson's RC hearing

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
The managed account provider brought into the Royal Commission spotlight by Henderson Maxwell chief executive Sam Henderson has distanced itself from the situation. A line of questioning during Henderson's appearance at the Commission on Tuesday saw ...