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Showing 91 - 100 of 732 results for "Misconduct"

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... following several years of misusing client funds and falsifying documents. King was found to have engaged in serious misconduct, including concealing information from clients, making false representations to ASIC, falsifying documents to clients, managing ...

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

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... generator to the financial adviser and super fund to platforms such as Macquarie and Equity Trustees - there is evidence of misconduct and the pocketing of commissions and incentive payments. "So, we are investigating every step in the web, including ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... submissions from individual consumers who were opposed to the relief on the basis that some licensees still engage in misconduct. In response to feedback, ASIC broadened the types of reports that are exempt by increasing the time allowed for rectification ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... maintaining the integrity of our capital markets and enabling investors to make informed decisions," she said. "Auditor misconduct is an enforcement priority for ASIC, and we will continue to investigate where we identify potential misconduct or non-compliance." ...

CSLR levy underspend expected as claim processing slows

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... costs are tracking below the levy estimate. The scheme continues to focus on ensuring eligible victims of financial misconduct are supported in line with its legislative mandate.

Count Financial class action dismissed

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... applicants to pay Count Financial's costs. Piper Alderman launched the proceedings on the back of Count Financial's misconduct revealed in the Royal Commission and alleged it contravened obligations owed to clients when taking commissions from product ...

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
... account for sentencing. Commenting, ASIC deputy chair Sarah Court said the sentence demonstrates the seriousness of the misconduct and will deter others from committing in similar conduct. "When handing down the sentence, her Honour Judge David found ...

Former Sydney adviser sentenced to three years

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... trust of his clients and caused them financial harm," Court said. "This sentence demonstrates the seriousness of the misconduct. ASIC will continue to take action to protect the superannuation assets of consumers."

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... regulators, and financial market participants about market sentiment and potential risks. It also helps detect market misconduct and supports market integrity. Longo said that accurate and reliable data underpins the integrity and confidence in Australia's ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... distorted the advice they provided and breached conflicted remuneration laws. In settling the penalty, the Court said the misconduct was "plainly deliberate" and "extended over several years." It noted that the recipients of the advice were making important ...