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Showing 931 - 940 of 3709 results for "Order"

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
The Federal Court has frozen the funds of a suspected investment scammer and ordered the winding up of two unlicensed financial services businesses, upon referral from the Australian Securities and Investments Commission (ASIC). The Federal Court has ...

DDO top of ASIC's agenda

ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
... "Ultimately, this means firms will need to understand their products and the outcomes they are delivering to consumers. "In order to do this, industry needs to invest in the data systems now and ensure that they are properly able to monitor the outcomes ...

Chief economist update: A V, a W and an L

BENJAMIN ONG  |  MONDAY, 26 OCT 2020
The latest results from the monthly Markit Economics PMI (purchasing managers' index) draws a picture of the three shapes of the economic recovery or otherwise. The letter V. Masked or unmasked, the IHS/Markit flash US composite PMI continues to ...

Daniel Crennan resigns

ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
... for me to resign now. I have therefore tendered my resignation to the Treasurer with immediate effect," Crennan said. "In order to ensure that ASIC's important work is not disrupted, I will remain available to facilitate the orderly transfer of work ...

ASIC to curb huge CFD losses

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
... of dollars from trading highly risky contract for difference (CFDs) instruments. ASIC has imposed a product intervention order on the issue and distribution of CFDs effective 29 March 2021 for 18 months. Among the many changes, leverage will be restricted ...

Morningstar creates chief ratings officer role

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
... judgment has grown exponentially. We are eager to harness new technologies and analytics to extend our analysts' reach in order to keep empowering investors," Davidson said.

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
The French bank's Sydney operation has become the second company in Australia in as many months to be criminally prosecuted over breaching client money obligations. Societe Generale pleaded guilty to four counts of client money obligation breaches in ...

Invesco winds down fund

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
... size and cost of running it. "As a result of this review, Invesco has established that it can no longer manage the fund in order to meet its objectives. At this stage, we expect that following the 28-day notice period (closure of the fund is intended ...

The case for an overhaul of advice: Rice Warner, FSC

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... the new model follows the principles of simplification, affordability, accessibility, consistency and quality of advice in order to reduce the risk of consumers being placed in inappropriate products. The FSC said along with the research it will engage ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
National Australia Bank has been ordered to pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which ...