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Showing 921 - 930 of 6451 results for "Regulatory"

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
Australian Securities and Investments Commission (ASIC) commissioner Simone Constant did not hold back when addressing superannuation trustees at an industry event yesterday. Constant said the regulator expects much more from super funds in being transparent ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... misconduct, just 180 resulted in the termination of the offender. CBA also updated shareholders on its current litigation and regulatory matters. It said there are seven class actions against it which are ongoing, including two shareholder class actions ...

Janus Henderson to buy private credit manager Victory Park Capital

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... cash and Janus Henderson common stock. The transaction is anticipated to close in the fourth quarter of 2024, pending regulatory approvals and is expected to have a neutral to positive impact on earnings per share in 2025. Pacific Current could also ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
The Australian Financial Complaints Authority (AFCA) said the average loss on a superannuation scam complaint was just under $90,000. AFCA said of the nearly 11,000 complaints in relation to scams last financial year, less than 20 came from superannuation ...

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2024
... wholesale investors and carbon market participants who wish to complement existing decarbonisation efforts and meet regulatory compliance obligations, while also generating risk-weighted returns. It has already received $80 million from cornerstone investors ...

Wollemi Capital appoints former state Treasurer

ELIZA BAVIN  |  MONDAY, 12 AUG 2024
Wollemi Capital has appointed former NSW Treasurer Matt Kean as director, regulatory affairs and strategic partnerships. Wollemi said Kean - who was recently appointed chair of the Climate Change Authority - brings deep expertise in catalysing public ...

Dimensional to launch three more ETFs

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... Trust, Global Value Trust, and Global Small Company Trust are set to trade on the ASX around August 19, pending ASX and regulatory approvals. Subsequently, the names of the funds will change to Dimensional Australian Value Trust - Active ETF, Dimensional ...