Philip Shaw's misconduct was "intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests," the SFC said.
March 7, 2023Cardinalasia Consulting and its responsible officer failed to ensure that the manager of the five private funds received appropriate advice.
January 31, 2023Australia's Treasury said it is looking to identify unintended consequences and implementation issues arising from the YFYS laws passed in 2021.
September 8, 2022In its latest corporate plan, APRA said its focus is to 'protect the community today' and ensure the financial system is 'prepared for tomorrow'.
August 15, 2022Fund managers are showing repeatable performance but the "benefits of their skill" are being overshadowed by fees and commissions paid to third parties.
May 20, 2022The representative conducted 1,089 trades in clients’ stock options accounts but was only given specific authorisation for 87 trades of the trades.
April 13, 2022Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.
January 31, 2022APRA will not proceed with a proposed requirement for independent certification of priority and privilege arrangements to avoid "unintended consequences".
September 23, 2021The dealer’s representatives engaged in discretionary trading without proper authorisation, causing "significant losses" to a client.
September 14, 2021The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.
September 1, 2021