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| | TUESDAY, 19 JAN 2021 11:51AMASIC chair James Shipton has lost out on close to $200,000 in salary since going on a leave of absence last year.|
|IFM Investors has become the subject of an email scam as it also battles claims it overvalued certain assets.|
|A fund manager has been charged with misappropriating over US$7 million from retail investors who he had duped into believing he was an experienced and successful investment manager.|
|The corporate regulator has cancelled the Australian financial services licence of Halifax Investment Services nearly two years after it was placed into administration.|
|Australian banks have taken the inauspicious title of second most fined in the world for 2020, according to new data.|
|The US Securities and Exchange Commission (SEC) has fined the bank for falsifying payment documentation in relation to third-party intermediaries.|
|The corporate regulator has lambasted the major auditors for sloppy work, and poor governance and accountability practices.|
|The government has released a new compliance campaign to crack down on foreign investors purchasing residential property and ensuring they are abiding by the guidelines.|
|Charles Schwab UK has been fined $15.6 million for failing to protect consumers and lying to the regulator.|
|In 2021, ASIC will review how market participants adapted to the ASX's outage in November, and if they and the ASX violated their market operating licences.|
David Orford's Optimum Pensions has signed a five-year exclusive agreement with Generation Life to bring its retirement income product to the market.
The poor quality of group insurance data is conducive to administrative blunders that are notoriously difficult to rectify, according to Rice Warner.
As new investors turned to exchange-traded funds (ETFs) to cash in on the market volatility and consequent recovery in 2020, the industry reaped the benefits breaking several records, new research shows.
HUB24 picked up $1.7 billion net inflows, 24 new licensee agreements and 113 advisers in the December quarter.
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