The latest issue of Financial Standard now available as an e-newspaper
|Following an independent review on a major trading glitch last November, the Australian Securities Exchange has come out relatively unscathed.|
|Investors are making significant losses after investing in complex crypto-assets provided by unlicensed platforms, according to ASIC.|
|In the US, the Securities and Exchange Commission has brought insider trading charges against three former Netflix employees.|
|The auditor of Halifax Investment Services have been slapped with criminal charges and will pay up to $40,000.|
|The Federal Court has imposed orders on Commonwealth Bank that require it to publish notices on its website and newsroom for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period.|
|The Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn.|
|Consultation has commenced on more stringent financial reporting and auditing requirements for superannuation funds, with the government looking to implement a framework that is commensurate with the size of the sector.|
|The corporate regulator will allow a period of transition for the several reforms taking effect in the first week of October.|
|The government yesterday passed changes to Corporations Act that loosens disclosure requirements for companies, while also introducing legislation to make virtual AGMs permanent.|
|Westpac tops the charts for fee-for-no-service misconduct at $578.4 million, according to the corporate regulator.|
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
|Brought to you by|