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Showing 961 - 970 of 6467 results for "regulatory"

ASIC to launch new criminal investigation team

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
... financial services enforcement. ASIC conceded during the Inquiry that its 'very wide remit' impacts its approach to regulatory activity. "Separating this broad remit into two individual bodies will provide a more coherent and consistent approach ...

Remediation professionals told to temper expectations

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
... insulated from the severe economic constraints seen globally despite local rates of inflation and a considerable amount of regulatory change challenging many businesses," the report said. "The start of the new financial year has shown movement pick up ...

Macquarie AM spins off real estate manager

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... clients' evolving needs," they said. Manova is due to officially launch in the fourth quarter of this year subject to regulatory approvals. MAM recently announced the close of its global opportunistic real estate fund with $US1.9 billion to be deployed ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
The Federal Court has ordered Master Wealth Control, also known as DG Institute, to pay $5 million in fines for "making false and misleading representations" to customers in relation to its educational programs, Real Estate Rescue (PER) and Master Wealth ...

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 ...