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Showing 961 - 970 of 28210 results for "NOT"

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
... leaving the country for the next six months as ASIC alleges he misappropriated money via a sham bond investment scheme. ASIC did not provide details behind its allegations other than saying it sought the orders as part of an "investigation into GIM and ...

Shield collapse brings wholesale governance to the forefront

RIDDHIMA TALWANI  |  WEDNESDAY, 24 SEP 2025
The failures of Shield Master Fund and First Guardian Master Fund has pushed governance to the forefront - particularly among wholesale investors, according to Magellan Financial Group. Sophia Rahmani, chief executive and managing director of Magellan ...

Younger generations drive SMSF sector growth: Class

RIDDHIMA TALWANI  |  WEDNESDAY, 24 SEP 2025
The number of self-managed super funds (SMSF) has grown on the back of increased participation by younger Australians despite regulatory uncertainty, according to a report by Class. The 2025 Annual Benchmark Report by Class found the number of SMSFs ...

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
... relating to its bond administration and custody. The funds fraudulently transferred to the account of a former employee "are not client funds, and the company is not aware of any client funds or assets being lost or removed from safe custody," IAM said. ...

La Trobe shuts online portal access

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... online as soon as we can and we appreciate your patience." However, an ASIC spokesperson told Financial Standard the orders did not apply restrictions to the portal. " ASIC orders did not place any restrictions on La Trobe's online investor portal and ...

Australian Retirement Trust chief executive steps down

JAMIE WILLIAMSON  |  TUESDAY, 23 SEP 2025
... influence, Kathy is exceptionally well placed to lead ART into the future," ART chair Andrew Fraser said. "I know her to be not just a quality leader, but someone who will strive for excellence on behalf of the 2.4 million Australians who are counting ...

Platinum shareholders greenlight L1 Capital merger

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
... client base across institutional, wholesale, high-net-worth and retail investors in Australia and globally." If the merger did not proceed, Strapp warned that Platinum shareholders "will continue to be exposed to risks associated with Platinum's ...

Colonial First State partners with MST Financial

ANGELIQUE MINAS  |  TUESDAY, 23 SEP 2025
Colonial First State (CFS) has partnered with MST Financial to create a platform that empowers advisers to deliver better insights to clients. With MST Financial, CFS will debut Sandstone Insights, a premium research platform. This program will equip ...

ASIC report a 'solid point of reference' for private credit guardrails

JAMIE WILLIAMSON  |  TUESDAY, 23 SEP 2025
... markets, private credit has grown substantially over the past several years. It's timely to reflect on practices that are not in service of investors or the market as a whole, and to ensure there are clear guardrails that strike the balance between investor ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... Justice Derrington said. "Mr Hodgson adopted a laissez-faire approach to compliance with the financial services law." This was not the first time Hodgson has been under ASIC's scrutiny. In July 2015, he was banned from providing financial services for ...