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Showing 981 - 990 of 1612 results for "Investigation"

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
... $325,000 for a former investment firm employee who tipped the regulator with information that allowed it to open an investigation and uncover fraudulent activity. The whistleblower provided a detailed description of the misconduct and specifically identified ...

ASIC bans SMSF adviser

ALEX BURKE  |  MONDAY, 9 NOV 2015
... preservation orders against Pearson and restrained her from providing financial advice, following ASIC's initial investigation. The regulator has said that the investigation is ongoing. "If a financial adviser engages in dishonest conduct, ASIC will ...

Court fines SMSF admin for "free setup" ads

ALEX BURKE  |  WEDNESDAY, 4 NOV 2015
... used where there is any charge or cost associated with the product or service advertised." This decision and the investigation that preceded it form part of ASIC's wider "SMSF Taskforce" program, established in 2012 in response to the growing SMSF sector. ...

ASIC revenue and investigations decrease in 2015

ALEX BURKE  |  MONDAY, 2 NOV 2015
... breach reports from auditors and licensees increased by 17% to 1,635, the amount of reports referred for compliance, investigation or surveillance decreased from 51% to 42% over the year. In his commentary on the report, ASIC chair Greg Medcraft noted ...

CBA refunds $7.6 million to 8400 customers

DARREN SNYDER  |  MONDAY, 19 OCT 2015
... waivers. CBA discovered the error and reported it to ASIC in 2014. CBA advised ASIC of its intention to undertake an investigation, engage an independent expert to review its remediation process to ensure an accurate calculation of refunds, and refund ...

CBA publicly welcomes former staff bans

MARK SMITH  |  THURSDAY, 8 OCT 2015
The Commonwealth Bank has publicly welcomed the Australian Securities and Investment Commission's (ASIC) decision to ban former CFPL financial planners, Sharnie Kent and Stuart Jamieson. In a press release issued by the bank it said it reported concerns ...

Cbus responds to Royal Commission allegations

DARREN SNYDER  |  WEDNESDAY, 16 SEP 2015
... attempt to avoid detection." "They then took extreme measures to conceal their wrongdoing. It took five months of investigation, and the exercise of coercive powers by the Commission, to uncover their activities," Cbus' submission said. "The Commission's ...

Adviser linked to Spring FG banned for document forgery

LAURA MILLAN  |  THURSDAY, 3 SEP 2015
... has been an authorised representative of various financial services licensees dating back to 2002. The regulator's investigation found that Hunter was falsifying Westpac finance letters to MOGS to get his commissions. He also failed to give SMSF clients ...

Liquidator appointed in suicide case

MARK SMITH  |  TUESDAY, 25 AUG 2015
... trustee. ASIC made the application in order to protect the interests of shareholders, investors and creditors. The investigation continues.

Hedge funds face brain drain

LAURA MILLAN, MARK SMITH  |  MONDAY, 24 AUG 2015
... Fund Managers Directive have heightened the regulatory environment that funds are facing. A recent Financial Times investigation found that European institutional investors had pulled a net $8.2 billion (US$6.8 billion) from hedge funds since the beginning ...