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Showing 1 - 10 of 3381 results for "Order"

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
The Federal Court has ordered Macquarie Bank to pay a penalty of $10 million for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... that Mr McGowen has breached various warranties and provisions of the Share Purchase Deed and is seeking damages in the order of $3.5M," Sequoia said. An article in the AFR states that Sequoia refused to pay another 3.2 million shares to McGowen due ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
The Federal Court has ordered former director of EverBlu Capital and Creso Pharma Adam Blumenthal to pay $850,000 and be disqualified from managing corporation for five years for market rigging and breaching director duties. The court found Blumenthal ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... crypto industry that products will continue to be scrutinised by ASIC to ensure they comply with regulatory obligations in order to protect consumers," ASIC chair Joe Longo said. The Federal Court last week appointed Anthony Connelly, Kathy Sozou, and ...

Billionaire receives death penalty for embezzlement

KARREN VERGARA  |  FRIDAY, 12 APR 2024
A Vietnamese billionaire property developer has been sentenced to death for embezzling US$12.5 billion - the country's largest case of financial fraud, several reports show. The People's Court of Ho Chi Minh City yesterday handed down the death ...

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
The Federal Court ordered Prospero Markets to be wound up following an application by the corporate regulator. ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The ...

Why fund managers are missing out on investment mandates

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... regulatory and compliance Aron Brown said. "But compliance and risk teams must have the right investment and support in order to be able to do this - particularly when facing the challenges of an increasingly regulated operating environment. "This could ...

ETF market to soar 30%: State Street

KARREN VERGARA  |  TUESDAY, 9 APR 2024
... managers and strategies which they believe will create alpha. This creates additional choice in the marketplace, but in order for these strategies to gain traction the issuers will need to develop ETF expertise," he said. This would include building ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
Lawyers acting on behalf of the embattled Mayfair 101 private equity investment group have applied to the Federal Court to strike out the Australian Securities and Investments Commission's (ASIC) case against the group's managing director James Mawhinney. ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
The federal court has rejected Provide Capital's "illogical" application to prevent ASIC conducting further investigation into the firm. Justice Rofe dismissed Provide Capital's application that alleged ASIC did not have the state of mind required ...
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