Australian Securities & Investments Commission

Type: Organization
Name: Australian Securities & Investments Commission
First reported 7 hours ago - Updated 7 hours ago - 1 reports

Federal Court grants interim asset preservation orders against WA adviser

The Federal Court has made interim asset preservation orders by consent against former Western Australia-based financial adviser Marion Joan Pearson and Colisa Pty Ltd, following an application by the Australian Securities and Investments Commission ... [Published Money Management - 7 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 1 reports

Investors vulnerable as property schemes shirk risk disclosure

Unlisted property fund managers who fail to adequately disclose risks are placing investors in a vulnerable position according to the Australian Securities and Investments Commission (ASIC).ASIC commissioner Greg Tanzer said a review into the sector's ... [Published Financial Standard - 10 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

DJ chair Cairns calls for more transparency in derivatives trading laws

(The Australian Financial Review - ABIX via COMTEX) --Changes to stockholding disclosure laws were advocated by the Australian Securities & Investments Commission (ASIC) after Crown acquired 10 per cent of rival Echo Entertainment in 2012. Gordon Cairns, ... [Published TradingCharts.com - 16 hours ago]
First reported 20 hours ago - Updated 16 hours ago - 1 reports

DJs chair 'not worried by Lew, ASIC

(The Australian - ABIX via COMTEX) --Gordon Cairns, chair of Australian-listed department stores chain David Jones (DJs), has commented on the now completed takeover worth $A2.15bn by South Africa's Woolworths. He said the DJs board had noted in May ... [Published TradingCharts.com - 20 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Taxpayers wear all the Bruck Textiles bill

Bruck free and clear as workers wait for their cashTHE liquidators appointed to Bruck Textile Technologies have confirmed the coffers are empty and workers will have to rely on the government for their entitlements.More than 50 former Wangaratta fabric ... [Published Albury Border Mail - 19 hours ago]
First reported Jul 22 2014 - Updated 19 hours ago - 1 reports

ASIC cancels 8 AFSLs after review

Eight advice businesses have had their Australian financial services (AFS) licenses cancelled after an Australian Securities and Investments Commission (ASIC) review into licensees that failed to lodge audited annual statement.The review has resulted ... [Published Financial Standard - Jul 22 2014]
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Antares investors snub US fund

. Investors had voted with an overwhelming majority against several resolutions aimed at overhauling the company's board, at a meeting in Perth requisitioned by US-based activist fund Lone Star Value Investors. The latter has also been accused of defamation ... [Published Individual.com - 20 hours ago]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Learning from Philip Seymour Hoffman’s will

Philip Seymour Hoffman’s will left everything to his partner. Here’s how to make sure your last wishes are granted.When American actor Phillip Seymour Hoffman died suddenly early this year, he left specific instructions in a will written a decade earlier. ... [Published The New Daily - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 22 2014 - 2 reports

Newcrest vows to fight class action

Newcrest Mining has vowed to vigorously defend a class action lodged by law firm Slater & Gordon which is seeking damages in relation to the gold miners' market disclosure performance in the 2013 financial year.Newcrest has already settled for $1.2 million ... [Published WA Today - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 22 2014 - 3 reports

RBS enters enforceable undertaking

The Royal Bank of Scotland has entered an enforceable undertaking in relation to "potential misconduct" involving the (BBSW), the Australian Securities and Investments Commission (ASIC) has announced.RBS will also voluntarily donate $1.6 million to fund ... [Published Financial Standard - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

RBS forks out $1.6m after rigging rate

(The Australian Financial Review - ABIX via COMTEX) --An enforceable undertaking and penalty of $A1.6m have been extracted by the Australian Securities & Investments Commission from Royal Bank of Scotland (RBS). Competitors UBS and BNP Paribas had previously ... [Published TradingCharts.com - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

Consistency poses problem for advisers

“Variability in the quality” of services is the financial advice industry’s main problem, according to the Financial System Inquiry.The inquiry’s interim report says many consumers have difficulty assessing the quality of the advice they receive.“Access ... [Published InsuranceNews.com.au - Jul 21 2014]

Quotes

ASIC announced the ban after finding that Adam David Joyner, of Sydney, had "engaged in dishonest conduct that was both deliberate and persistent over a period of three years in relation to four clients" , who suffered losses of approximately $1.05 million
"Schemes need to address each and every disclosure element in each benchmark and disclosure principle fully," Tanzer said. "Where we find entities haven't satisfactorily addressed benchmarks or disclosure principles, we may consider taking enforcement action."
"We didn't arrive at $4 because the other side were poor negotiators or because I was a poor negotiator" Mr Cairns said
"It wants the small number of charities who don't do the right thing to be struck off so the good reputation of the sector can be protected."

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All (596) | News (589) | Reports (0) | Blogs (4) | Audio/Video (0) | Fact Sheets (0) | Press Releases (2)
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OANDA Revolutionizes Mobile Trading with fxTrad... [Published Wall Street Select - 5 hours ago]
Sydney-side ex-adviser banned [Published Money Management - 7 hours ago]
Federal Court grants interim asset preservation... [Published Money Management - 7 hours ago]
Investors vulnerable as property schemes shirk ... [Published Financial Standard - 10 hours ago]
ASIC successfully appeals Walton Constructions ... [Published Hall & Wilcox - 12 hours ago]
Court Approval Received for Convening of Scheme... [Published Noodls - 13 hours ago]
DJs' Cairns warns Woolies to keep an eye on Lew... [Published TradingCharts.com - 16 hours ago]
DJ chair Cairns calls for more transparency in ... [Published TradingCharts.com - 16 hours ago]
Taxpayers wear all the Bruck Textiles bill [Published Albury Border Mail - 19 hours ago]
DJs chair 'not worried by Lew, ASIC [Published TradingCharts.com - 20 hours ago]
Announcement - Replacement Prospectus [Published Noodls - 20 hours ago]
Antares investors snub US fund [Published Individual.com - 20 hours ago]
DJs boss warns Woolworths of Lew threat [Published Brisbane Times - Jul 22 2014]
Learning from Philip Seymour Hoffman’s will [Published The New Daily - Jul 22 2014]
Kids charities deregistered after fundraising p... [Published ABC Online - Jul 22 2014]
Banks push back on mortgage ... [Published Canberra Times - Jul 22 2014]
Short-sellers target minings ... [Published Canberra Times - Jul 22 2014]
ASIC cancels 8 AFSLs after review [Published Financial Standard - Jul 22 2014]
Why you might want to avoid Chinese-listed ASX ... [Published Motley Fool - Jul 22 2014]
David Jones chairman Gordon Cairns never in dou... [Published WA Today - Jul 22 2014]
RBS enters enforceable undertaking [Published Financial Standard - Jul 22 2014]
RBS forks out $1.6m after rigging rate [Published TradingCharts.com - Jul 22 2014]
‘Dishonest’ adviser gets permanent ban [Published Money Management - Jul 22 2014]
ASIC cancels eight AFS licences [Published Money Management - Jul 22 2014]
Royal Bank of Scotland enters EU with ASIC [Published Money Management - Jul 22 2014]
Enforceable undertaking accepted from The Royal... [Published FindLaw Australia - Jul 22 2014]
Newcrest shareholder class action launched by S... [Published ABC Online - Jul 22 2014]
Newcrest vows to fight class action [Published WA Today - Jul 22 2014]
Newcrest sued over guidance [Published Individual.com - Jul 21 2014]
RBS traders tried to influence BBSW [Published Banking Day - Jul 21 2014]
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Blogs

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JPMorgan Lied To Fed, Did Not Report Losing Tra... [Published Zero Hedge - May 26 2014]
Long before Virtu was forced to pull its IPO due to the backlash against HFT frontrunners in party due to being stupid enough to post its perfect trading record of 1 trading day loss in 5 years which could only be the result of a grossly rigged market, ...
Reading notes: Submissions to the ACNC Senate I... [Published Core Economics - May 18 2014]
I previously commented  on the batch of submissions (all 16 of them) that were available during the weekend following the May 2, 2014 deadline for submissions. In the following week, 132 submissions were added for a total of 148 (one being a duplicate ...
US News Covers Taib Money-Snatching [Published Sarawak Report - May 12 2014]
Another top international news organisation has endorsed and corroborated the information Sarawak Report has exposed about Taib Mahmud’s extraordinary and illicit wealth. The major news service Bloomberg/Business Week has just brought out an extensive ...
Genworth Announces Filing Of Prospectus For Aus... [Published PR Newswire: Financial Services - Apr 23 2014]
RICHMOND, Va., April 22, 2014 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced that a prospectus has been filed with the Australian Securities and Investments Commission by Genworth Mortgage Insurance Australia Limited ("Genworth Australia"), ...
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Press Releases

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Genworth Announces Number Of Shares To Be Offer... [Published Financial Services - May 13 2014]
Making competition king – the rise of beh... [Published Financial Conduct Authority (FCA) - Mar 25 2014]
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