Former analyst convicted of insider trading

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A former analyst with finance firm Lincoln Crowne & Company (LCC) has been convicted for insider trading. Jonathan Jin Yi Ang, 25, of St Leonards, NSW, had pleaded guilty to

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Smartphone app to allow trans-Tasman business searches on the go

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Australians and New Zealanders will be able to quickly and easily find details on almost five million registered organisations names using their smartphone with the release of the NZAUConnect app.

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Speech to FSC Annaul conference: The future of financial regulation

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The following is a speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission delivered at the Financial Services Council (FSC) Annual Conference, 31 July 2013: “Thank you Martin (Codina) for the kind

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ASIC cancels licence of Australian Public Trustees Limited

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ASIC has cancelled the Australian financial services (AFS) licence of Australian Public Trustees Limited (APT) after it was found they had breached a number of the financial, reporting and other

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ASIC and European Union authorities cooperate on alternative investment funds

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  ASIC has entered into 29 supervisory cooperation arrangements with European Union (EU) securities regulators, agreeing to help each other supervise fund managers operating across borders. The cooperation is crucial

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ASIC intervenes in LM fund proceedings to end uncertainty

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ASIC has finished making its submissions in a court hearing to decide the future of the multi-million LM First Mortgage Income Fund (FMIF). The proceedings were started by two investors

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Professional Investment Services enters into monitoring program

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An independent expert will monitor for 9 months the way Professional Investment Services Pty Ltd (PIS) gives financial advice to ensure that its advice processes meet the standards set out

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Credit Suisse Equities (Australia) Limited pays $95,000 infringement notice penalty

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Credit Suisse Equities (Australia) Limited (“Credit Suisse”) has paid a penalty of $95,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The penalty

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ASIC announces surveillance on analyst briefings

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ASIC has announced that this reporting season it will be focusing on communications between companies and the investment analysts that cover their stock. ‘ASIC’s priority is to ensure fair and

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ASIC releases follow-up term deposit report

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ASIC last week released a report that highlights improved industry practice and better outcomes for investors in relation to the automatic rollover of term deposits. The report reveals that consumer

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