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Showing 951 - 960 of 1611 results for "Investigation"

ASIC compensation plummets despite surveillance success

ALEX BURKE  |  MONDAY, 8 AUG 2016
The amount of consumer compensation ASIC secured decreased by 91% in the six months to June 30, 2016, despite increased surveillance outcomes almost across the board. ASIC's latest enforcement report shows that the regulator secured $13.4 million in ...

ATO on phoenix watch

DARREN SNYDER  |  MONDAY, 1 AUG 2016
... Coast. The ATO said the six warrants were executed through the multi-agency Phoenix Taskforce and formed part of an investigation in to unpaid superannuation, employee withholding tax, GST, and income tax. ATO deputy commissioner Michael Cranston said ...

ASIC hands down multiple bans

KERRIE SYDEE  |  WEDNESDAY, 27 JUL 2016
... with financial services licensee, Morgans Financial, between January 2012 and August 2014. The ban follows an ASIC investigation that found Batros sold shares and options of Metals of Africa (MTA) on 25 and 25 August 2014 when he was in possession of ...

IOOF advice nets $1.3bn in FY16

ALEX BURKE  |  WEDNESDAY, 27 JUL 2016
... on the price of the relevant securities and there was no other evidence to warrant the commencement of a formal investigation." In regards to governance issues, ASIC also found that while "in our view the corporate culture at that time within IOOF contributed ...

O'Dwyer says life insurance back on the agenda

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... priority for the new Turnbull government. She added that the government will be working with ASIC following its investigation into CommInsure "so as to determine whether those issues are indicative of wider problems across the life insurance sector." ...

Elders adds fifth practice

KERRIE SYDEE  |  WEDNESDAY, 13 JUL 2016
Elders Financial Planning (EFP) has added its fifth practice and has welcomed a new regional financial adviser. Stephen Clark has joined Border Region Financial Services, a corporate authorised practice in the Kyogle region of New South Wales. Border ...

Nationals senator not giving up on life insurance investigation

ALEX BURKE  |  TUESDAY, 12 JUL 2016
... hotly-contested election, he will prioritise continuing the Senate Economics References Committee's life insurance industry investigation. Speaking to Financial Standard, Williams said: "I'm very concerned about life insurance. If I'm re-elected, I can ...

ASIC finalises IOOF inquiry

ALEX BURKE  |  FRIDAY, 8 JUL 2016
... on the price of the relevant securities and there was no other evidence to warrant the commencement of a formal investigation." ASIC's other concerns related to licensee and governance breaches, specifically consistency of breach reporting, compliance ...

NAB responds to ASIC market manipulation allegations

ALEX BURKE  |  WEDNESDAY, 8 JUN 2016
... bank bill swap reference rate (BBSW) from 2010 to 2012; the regulator previously targeted ANZ and Westpac in this investigation in March and April respectively. ASIC has alleged that NAB, along with Westpac and ANZ, "intended to create an artificial ...

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... existing superannuation products, especially defined benefit style funds, the adviser must ensure all necessary investigation of both the existing and recommended products has been undertaken. "ASIC will not tolerate advisers who place their interests ...