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Regulatory

Former Chartwell director pleads guilty

ELISE BURGESS  |  FRIDAY, 10 DEC 2010
Former Chartwell Enterprises director, Graeme Hoy, has pleaded guilty to 47 charges relating to the collapse of the firm.

Astarra director faces five years jail, $220k fine

ASIC RELEASE  |  WEDNESDAY, 8 DEC 2010
The former director of Astarra Asset Management, Shawn Richard, faces a maximum penalty of 5 years imprisonment or a $220,000 fine - or both - and has been banned for life from providing financial services.

AusFIN calls for 'fairer outcomes'

ELISE BURGESS  |  FRIDAY, 3 DEC 2010
A number of associations, trade unions and interest groups have banded together to push for better regulation in financial services.

ASIC slaps tough penance for fin services misconduct

ELISE BURGESS  |  FRIDAY, 3 DEC 2010
In a landmark case, a young broker charged with multiple counts of insider trading has received a four-and-a-half year jail sentence, the highest sentence on record for that offence in Australia.

Aus Ethical and TCI score win in climate advocacy

MICHELLE BALTAZAR  |  FRIDAY, 3 DEC 2010
Two major resources companies have backed down from their refusals to provide disclosure around carbon emissions.

Heat rises on emissions disclosure

JOHN MCDULING  |  WEDNESDAY, 1 DEC 2010
Australian Ethical Investment and the Climate Institute have complained to ASIC and are considering legal action against two major resources companies after proposal that would force the companies to disclose carbon emissions were rejected.

APRA cautions against cloud computing

ELISE BURGESS  |  WEDNESDAY, 17 NOV 2010
The Australian Prudential Regulation Authority (APRA) has expressed its concern of the use of cloud computing in the financial services industry.

Cormann blasts ALP over default super

JOHN MCDULING  |  WEDNESDAY, 17 NOV 2010
The Shadow Minister for Superannuation, Senator Mathias Cormann, has criticised the ALP for failing to support moves to improve competition into the default superannuation fund market.

ASIC sharpens focus on margin lending

JOHN MCDULING  |  THURSDAY, 11 NOV 2010
More than two years after the Opes Prime and Tricom debacles hurt retail investors, ASIC has put the spotlight back on margin lending again.

End the factions: Shorten

RUTH LIEW  |  THURSDAY, 11 NOV 2010
Superannuation minister Bill Shorten compared the bickering among the super fund industry's factions to a Monty Python sketch and said it's time for them to deliver something back to the community in return for the government support they receive.