All posts tagged "Stockbrokers"
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481Hong KongHong Kong Lawmaker Asks HKEX to Lower Market Data Fees
HKEX’s monthly fees for retail investors are higher than other stock exchanges, which may have implications for stockbrokers that serve retail investors, says a new report.
January 16, 2021 -
481Australia & NZIndustry Body Urges ASIC to Reconsider Reference Checking Model
The Stockbrokers and Financial Advisers Association urges ASIC to look at the central register model used in the US, which treats advisers more fairly.
November 24, 2020 -
1.1KAsia-PacificSri Lanka SEC to Overhaul Capital Market Rules in Stages
"The market has evolved over the past ten years and technology has also raised the bar. There is a need to be in line with the times,” SEC Chairman Viraj Dayaratne told Regulation Asia.
October 13, 2020 -
774AML / KYCStockbrokers’ Association Pushes Back Against AUSTRAC Proposal
AUSTRAC proposed in July to allow brokers to open accounts for new clients with flexibility to complete the customer identification procedure within five days.
September 25, 2020 -
1.7KAsia-PacificSri Lanka SEC Approves Rules to Digitalise Stock Market
Sri Lanka’s SEC has approved rules to enable electronic account opening, trading and settlement at the Colombo Stock Exchange.
June 8, 2020 -
479Australia & NZAustralian Treasury Bans ‘Conflicted’ Commissions Paid on LICs
Fund managers will be barred from paying fees to financial advisers and stockbrokers for selling listed investment companies and trusts.
May 25, 2020 -
691Australia & NZASIC Probes Brokers for Exploiting Wholesale Investor Rules – Report
Some stockbrokers reportedly mis-classified retail clients as sophisticated investors in order to sell them poor-performing listed investment funds.
February 26, 2020 -
733IndiaSEBI Introduces New System to Detect Broker Misuse of Client Securities
An online register will record brokers’ holdings of client securities, clubbing all such information collected by exchanges, depositories and clearing corporations for all types of trades.
February 17, 2020 -
790Australia & NZ
Australia to Decide on Removal of ‘Conflicted’ Stamping Fees
Fund managers have been paying 'conflicted' up-front commissions to financial advisers and brokers under a 2014 exemption, which ASIC says has resulted in worse investment returns.
January 28, 2020 -
577Australia & NZ
ASIC to Audit Broker Sales of Listed Investment Funds
ASIC is reviewing whether sales commissions paid by fund managers to brokers or financial advisers to sell funds compromise the best interests of investors.
January 14, 2020
