The latest issue of Financial Standard now available as an e-newspaper
|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 ...|
|Following industry backlash last year, the government is consulting on the recommendations for litigation funding and class actions.|
|The Australian Taxation Office is cracking down on cryptocurrency investors to report capital gains and losses in their tax returns after fears investors may think they are tax-free.|
|The Commonwealth Director of Public Prosecutions is pursuing criminal charges against ME Bank following an ASIC investigation.|
|ASIC has taken Federal Court action against AMP for allegedly charging more than 2000 deceased clients insurance premiums and financial advice fees after being notified of their death.|
|UBS, Nomura and UniCredit were fined a total of $585 million by the European Commission for cartel conduct in government bond trading during the GFC.|
|The corporate regulator has cancelled the Australian financial services licences (AFSL) of two providers for failing to lodge audited financial accounts and failing to maintain an AFCA membership.|
|The former chief executive of failed van Eyk Research has been charged with four counts of dishonestly using his position within the firm for personal advantage.|
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|