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Showing 91 - 100 of 1635 results for "Investigation"

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
... auditors are failing the independence test and breaching conflicts of interest obligations, according to an ASIC investigation. A review of 15 audit firms saw nine did not meet rotation requirements while five of them had "relevant relationships" with ...

ASIC sues Fiducian for ESG failures

ELIZA BAVIN  |  FRIDAY, 3 OCT 2025
ASIC has launched proceedings in the Supreme Court of NSW against Fiducian Investment Management, alleging it breached its duties as a responsible entity and engaged in misleading and deceptive conduct about its environmental, social and governance ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
... opting to drop its planned inquiry into the collapse of wealth management firms, namely Dixon Advisory. ASIC's investigation into UGC had found it advised prospective clients to establish SMSFs and invest into speculative schemes, which Joel Hewish ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... were safe when they used Macquarie's super platform to invest in Shield, which had no track record. "ASIC's investigation will see Macquarie return these members to the position they were in before their retirement savings were eroded." Taking ...

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
... scheme. ASIC did not provide details behind its allegations other than saying it sought the orders as part of an "investigation into GIM and its current and former directors for their roles in the alleged misappropriation of funds deposited by customers ...

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
... under review. The ASX-listed firm has now sought orders to preserve assets and obtain information to support its investigation from the Federal Court. "The matter has been referred to the relevant authorities including ASIC and AUSTRAC, and a complaint ...

Concentration of private credit sector a concern: ASIC

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
... 'loan-to-value ratio', and 'senior debt'. There are several other areas that also warrant further investigation by ASIC, the interim report suggests, like liquidity facilitation, investment report information, and distributions paid out ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
ASIC chair Joe Longo has tendered his resignation, to finish up in 2026. In June, Longo told the Secretary to the Treasury he would not be seeking an extension of his term, which finishes up on 31 May 2026. A former lawyer, Longo replaced James Shipton ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
Equity Trustees has marked down the value of units held in the Shield Master Fund by as much as 75%, as victims petition the government for $5 million to start a recovery fund. The Save Our Super campaign, comprising victims of the Shield Master Fund ...

ASIC sets sights on 140 advisers

ELIZA BAVIN  |  THURSDAY, 18 SEP 2025
... AFSL is not something the regulator does lightly, and all the advisers it is investigating will go through a full investigation. "It's important to make the point that every single one of those investigations is a resource intensive, full investigation ...