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Search ResultsShowing 81 - 90 of 100+ results for "Regulatory"
Netwealth launches Milliman managed accounts
ANNABELLE DICKSON  |  FRIDAY, 24 JUL 2020
... "Financial advisers were already facing a raft of challenges, as the industry undergoes significant adjustments and regulatory requirements such as the Best Interest Duty were resulting in a greater focus on the fees and benefits of investment solutions ...
NULIS calls for clearer regulatory definitions
ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... NULIS said it intends to explore opportunities to enhance its intra-fund advice offering, but requires more concise regulatory definitions before it can proceed. In a written response submitted to the House of Representatives Standing Committee on Economics ...
UBS to cough up $14m over bond bungle
ALLY SELBY  |  THURSDAY, 23 JUL 2020
UBS will cough up more than $14 million (US$10 million) after the US Securities and Exchange Commission found it had violated rules giving retail investors priority in municipal bond offerings. According to the SEC, UBS improperly allocated bonds intended ...
ASIC will not appeal wagyu and shiraz decision
ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... additional time it would take to resolve during the current economic environment. ASIC will now review its updated regulatory guidance RG 209 (credit licensing: responsible lending conduct) and will consider what implications the Federal Court decision ...
Westpac nabs Deutsche Bank executive
ELIZA BAVIN  |  THURSDAY, 23 JUL 2020
... specific date of commencement has been set, Westpac said he is due to step into the role later this year, subject to regulatory approvals. Miller is replacing Lyn Cobley , who had held the role for five years and announced her retirement at the end of ...
US considers restricting ESG in pensions
ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
The US Department of Labor (DOL) is considering imposing strict rules on how pension funds invest, which could see the scope for ethical and responsible investing limited. The DOL has proposed an amendment to the Employee Retirement Income Security ...
12 charged in $17m fraud
ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... processes relating to tax debts. The Australian Securities and Investments Commission will target corporate compliance and regulatory issues." ATO assistant commissioner Aislinn Walwyn, who leads the agency's operational activity said that the arrests ...
Ombudsman demands changes for small business insolvencies
ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell is calling for a number of measures to be put in place to protect small businesses from a 'tsunami' of insolvencies. In the latest Insolvency Practices Inquiry report ...
ASIC suspends OTC derivatives issuer
ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The corporate regulator has suspended the Australian financial services licence of Union Standard International Group. The Sydney-based retail over-the-counter derivatives issuer operating as USGFX is suspended until September 23 under 915B of the Corporations ...
Former investment adviser charged with $85m fraud
ELIZA BAVIN  |  MONDAY, 20 JUL 2020
The US Securities and Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International ...
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