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Showing 951 - 960 of 3918 results for "law"

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... that it will "vigorously defend" its subsidiary against a class action involving the failed Woodford Equity Income Fund. UK law firm Leigh Day kicked off proceedings against Link Fund Solutions on September 27 on behalf of 100 WEIF investors. Link Group's ...

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
Financial markets have been on edge ever since they got the first whiff of "taper" in the air. This started when the minutes of the US Federal Reserve's April 27-28 FOMC meeting revealed that: "A number of participants suggested that if the economy ...

Future Fund hires people and culture chief

KARREN VERGARA  |  THURSDAY, 23 SEP 2021
... senior roles in human resources with Hampton Reid Associates, Commercial Bank of Qatar and ANZ. She started her career in law and has also worked in consulting. Arndt said that Reid brings a strong skill set and great experience that will help to mature ...

Former Regal FM portfolio manager banned

JAMIE WILLIAMSON  |  WEDNESDAY, 22 SEP 2021
... also found Rands wasn't adequately trained or competent for the role he held and is likely to contravene a financial services law again. "Market manipulation is an enduring priority for ASIC. Market manipulation undermines the integrity of, and diminishes ...

BlackRock warns against reforms based on assumptions

JAMIE WILLIAMSON  |  TUESDAY, 21 SEP 2021
... has been established" and that flaws in the methodology and data used in previous studies has been exposed. It added: "Any law reform based on an idea still subject to rigorous debate, is in our view, premature and inconsistent with the approach taken ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... reasonably expect that levy to decline if the portion of work on the industry were to decline. "This is an example of the law mandating how the levy works," Longo said. On August 30, ASIC froze the financial adviser levy temporarily - with the levy to ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... the current scale of unpaid determinations and the future cost of the scheme, and a more proactive approach to enforcing the law is essential." By way of example, ASIC could undertake risk-based reviews of a sample of licensees to encourage good practice ...

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
... proposal is it seeks to clarify that when a Product Disclosure Statement is given while providing personal advice as required by law, that "this conduct is within the scope of excluded conduct, consistent with the original intention of excluded conduct". ...

Verve Super taps investors for $2.6m raise

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
The start-up superannuation fund has raised $2.6 million, with Carol Schwartz coming on board as one of the investors. Verve said the raise attracted female investors including philanthropist and AI Media chair Deanne Weir, human rights lawyer Dalit ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... their own. Super funds each have their own policy on how they vote and make decisions based on that, she said. "There is no law, to my understanding, [that] will prevent them to do that." When voting, Press said trustees must consider their investment ...