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Showing 951 - 960 of 6453 results for "Regulatory"

Advisers shun major institutions, 500 exit: Rainmaker

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... to upgrade their professionally accepted qualifications. "But when realisation set in regarding how intense the new regulatory, and especially educational, regime would be, sentiment reversed, and they appear to have begun exiting the industry at a pace ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... wealth management sector. We believe that Lonsec is well positioned for future growth supported by strong industry and regulatory tailwinds and is expected to provide access to resilient recurring revenue streams from its core research offering," Coombe ...

Charges brought against ASX pump and dump group

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2024
Four people have been criminally charged after an ASIC investigation identified them as key members of a Telegram group named the 'ASX Pump and Dump Group.' Syed Yusuf, Larissa Quinlan, Emma Summer, and Kurt Stuart have been charged with conspiracy ...

SEC gives final approval for Ethereum ETFs

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... to launch, these advisors can for the first time consider a second crypto asset ETH, without having to worry about regulatory uncertainty or future regulatory ramifications," they said. "With additional institutional approval of ETH, it will likely result ...

ASIC hits Melbourne adviser with travel ban

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
The Australian Securities and Investments Commission (ASIC) has secured a travel restraint order against Melbourne-based adviser Barry King. The orders prevent King from leaving or attempting to leave Australia until 1 April 2025. They were made by ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
OnePath Custodians is entering a court enforceable undertaking with APRA and will pay close to $11 million, as it continues to identify super members whose contributions weren't directed to a MySuper option when they should have been. APRA has agreed ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... about misleading statements and inadequate disclosures in the fund's documentation. de Filippo acknowledged the "regulatory issues" surrounding Keystone which he said unfortunately became a "significant distraction" for Keystone to the detriment ...

Pacific Current sells European boutique

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... ($74.3m). PAC will also receive 1.37 million shares of Abacus common stock. The transaction is subject to Luxembourg regulatory approval and is expected to close in the coming months. PAC announced it made a US$34.25 million ($47m) investment in Carlisle ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... temporarily mitigate scrutiny and maintain fund integrity. This approach could help ease tensions and ensure compliance with regulatory standards while broader issues are resolved. Separately, Super Consumers Australia director Xavier O'Halloran ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
ASIC has banned two former directors and responsible managers of XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson ...