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Showing 91 - 100 of 1604 results for "Investigation"

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... Financial Group (QLD) and King Financial Group VIC (collectively known as the King Financial Group). Following its investigation, ASIC found that King is not a "fit and proper" person to provide financial services and likely to contravene financial services ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... available to them to hold them to account for what we think our failures are or certainly that's the way our investigation is progressing." Court went on to say that ASIC has "invested heavily in these matters" and even diverted resources from other ...

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN  |  WEDNESDAY, 2 JUL 2025
... ASIC said it sought the orders to ensure Anderson and Selimaj remain in Australia to assist the regulator with its investigation and to preserve assets while ASIC's investigation continues. ASIC is also seeking the appointment of a receiver and manager ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
ASIC has provided AFSLs new reliefs to help them manage the reportable situations regime, which includes extending the length of investigations reportable from 30 days to 60 days. Also in the relief, ASIC is exempting the reporting of certain breaches ...

ASIC takes action on Australian Fiduciaries

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... obtain a clearer picture of the financial position of Australian Fiduciaries and its schemes while ASIC continues its investigation. Australian Fiduciaries failed to lodge audited financial statements or audited compliance plan reports for its registered ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
ASIC has cancelled the AFSL of Financial Services Group Australia (FSGA), which has links to the Shield Master Fund and First Guardian Master Fund. FSGA's responsible manager (RM) Graham Holmes has also been permanently banned from working in the ...

ASIC launches fresh inquiry into ASX

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... and its systems. The inquiry provides an opportunity for ASX to bolster market trust." ASIC will discontinue its investigation of the 20 December 2024 CHESS batch settlement failure and fold it into the broader Inquiry. ASIC is currently suing the ASX ...

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... any function within a financial services business and controlling any financial services business. ASIC said its investigation into her conduct is ongoing. It directed former clients and others impacted by Rogan's conduct to contact the Australian Financial ...

ASIC sues Australian Unity for TMD failure

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... Australian Unity treats all regulatory matters with the utmost seriousness and has assisted ASIC throughout its investigation leading up to the issuing of the proceedings." Further, Australian Unity said it "remains focused on continuing to offer retail ...

ASIC sues former director of crypto platform owing nearly $60m

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... statements made about those dealings and failure to his obligations to keep proper books and records. ASIC began an investigation in January 2024 and found that Guo facilitated a withdrawal of over $333,000 from a Blockchain Global account to buy shares ...