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Showing 1 - 10 of 6283 results for %22Securities%22

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... range of industries, including those in fossil fuels, but has since admitted that a "significant proportion" of the securities in the index and fund were from issuers that were not researched or screened against the relevant ESG criteria. According to ...

Director facing $13k fine in first of its kind action from ASIC

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
The Australian Securities and Investments Commission (ASIC) has commenced the first prosecution action against a director for failing to comply with the obligation to have a director identification number (director ID). ASIC did not name the director ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... court approval. The class action alleged that ANZ's credit card contracts were unfair and contravened the Australian Securities and Investments Commission Act by charging interest between July 2010 and January 2019 on credit card purchases that should ...

ASIC's harsh words to directors: 'It's not meant to be easy'

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024
Australian Securities and Investments Commission (ASIC) chair Joe Longo has had enough of company directors complaining about keeping up with their obligations. In a speech to the Australian Institute of Company Directors (AICD) Australian Governance ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The Australian Securities and Investments Commission (ASIC) has banned Brian Jacques Creigh from providing financial advice or being involved in a financial services business. Creigh is the director of Panacea Capital. He operated the Panacea Capital ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland has admitted the regulator can't fight every battle of misconduct, but that doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event, Kirkland ...

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
The Australian Securities and Investments Commission (ASIC) has permanently banned Queensland-based financial adviser Shane Rose. Rose has been banned from providing any financial services, performing any function involved in the carrying on of a financial ...

Investors being influenced by the 'Powell pivot'

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
... report said. "Investors may not always be aware of the extent to which [investment grade credit] managers employ riskier securities, both in and off-benchmark." Th report said manager selectors have an "invaluable opportunity" to evaluate active fixed ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... the other sectors' levy of $700,000 for credit providers, $800,000 for credit intermediation, and $900,000 for securities dealing. The government will pay for the first levy period which covers compensation claims and costs from April 2, when the ...

Advised investors spurring SMSF rebound

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
... SMSFs actually increased their trading volume by 1.4%. Advised SMSFs also showed a preference for a broader range of securities than self-directed peers, most notably for exchange-traded funds (ETFs) as advisers appeared to diversify and minimise volatility ...
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