Fund 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, 2021Westpac Securities Administration and BT Funds Management were fined for failing to act in their clients' best interests in a case that dates back to 2016.
August 26, 2021The regulations have been refined to ensure the disclosure regime for superannuation fund portfolio holdings is cost-effective and in members best interests.
August 19, 2021The planned changes will make the DDOs law more appropriate for the mortgage broking sector, and clarify that margin lending to corporates is exempt, among other changes.
August 16, 2021APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.
August 2, 2021