The latest issue of Financial Standard now available as an e-newspaper
| | FRIDAY, 18 JUN 2021 12:35PMThe corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service.|
|The Australian Securities and Investments Commission (ASIC) has dropped enforcement action against Regal Funds Management following an investigation in 2019.|
|Embattled Mayfair 101 founder James Mawhinney is maintaining his innocence, fighting his 20-year ban from soliciting and receiving funds in relation to financial products.|
|The government will soon introduce a regulatory reform package on Financial Market Infrastructure (FMI) following a review by Australia's financial regulators.|
|Audits of defunct stockbroker Halifax have resulted in the first criminal charges ever laid in Australia for failure to comply with auditing standards.|
|National Australia Bank and its subsidiaries, including JBWere, are allegedly failing their anti-money laundering and counter-terrorism financing obligations, according to AUSTRAC.|
|Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021.|
|The House of Representatives passed hotly-debated Your Future, Your Super bill last night, with Labor getting away with just one of the amendments on its wish list.|
|ASIC is putting short sellers on notice, warning them that any information released on a target company must be accurate and objective.|
|The Federal Court has handed down a $20 million penalty to Forex Capital Trading for engaging in a system of unconscionable conduct, including the use of high-pressure sales tactics, conflicted remuneration and failing to act in the best interests of ...|
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Franklin Templeton Investments is winding up its retail Australian Equity Fund, as asset growth lags.
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Financial advisers' appetite for exchange-traded funds has more than doubled since the global pandemic hit as new trading data shows that index funds are providing better means of diversification.
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The Association of Financial Advisers has slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers.
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The industry superannuation fund has hired from Australian Catholic Superannuation and Retirement Fund as it continues its hiring spree for the internal investment team.
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