Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

New ETF labels need global consistency

MELANIE TIMBRELL  |  TUESDAY, 12 JUN 2012
Moves by the Australian Securities and Investments Commission to refine labels and naming conventions for ETFs should be globally consistent to optimise investor understanding, according to State Street.

ASIC warns against fake investment group

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
ASIC has urged consumers to avoid the Sydney based Connaught Investment Group, an unlicensed financial services business, which offers fake investment opportunities.

Trio investor secures damages from adviser

BEN COLLINS  |  FRIDAY, 8 JUN 2012
A NSW woman has successfully claimed damages from her former financial adviser, after losing substantial savings in the Trio fraud.

PM rejects lifting retirement age to 70

ALEX DUNNIN  |  FRIDAY, 8 JUN 2012
The Prime Minister has rushed to dismiss calls to increase the retirement age to 70, even though unlocking labour force participation for women and older people is seen as one the best approaches to boosting productivity and GDP.

Former Lonsec director charged with insider trading

BEN COLLINS  |  THURSDAY, 7 JUN 2012
Norman Graham, former managing director of stockbroking and research firm, Lonsec, has appeared in the Magistrates' Court of Victoria charged with 14 counts of insider trading, following an ASIC investigation.

Trio: ASIC evidence insufficient to prosecute Flader

LINDA HAUSKEN  |  WEDNESDAY, 6 JUN 2012
ASIC revealed yesterday it has insufficient evidence to prove controller of the Trio Group, Jack Flader, has breached Australian Law.

Commonwealth FP adviser banned

LINDA HAUSKEN  |  TUESDAY, 5 JUN 2012
Australian Securities & Investments Commission has accepted an enforceable undertaking from former Commonwealth Financial Planning Limited (CFPL) employee, Joe Chan, after he was found to have failed to meet adviser obligations.

APRA: Third line of defence in Trio-style fraud

BEN COLLINS  |  FRIDAY, 1 JUN 2012
While accepting that the Australian Prudential Regulation Authority could have done more, deputy chairman Ross Jones has moved to distance the regulator from the Trio disaster, placing the blame with trustees and auditors.

ASIC highlights CFD compliance issues

BEN COLLINS  |  FRIDAY, 1 JUN 2012
The Australian Securities & Investments Commission review of client money handling and reconciliation practices has shown non-compliance by a number of issuers of over-the-counter contracts for difference and margin FX derivatives.

APRA releases final form prudential standards

LINDA HAUSKEN  |  FRIDAY, 1 JUN 2012
The Australian Prudential Regulation Authority has released a set of prudential standards in final form, and a response paper as part of its review of capital standards for general and life insurers.