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Showing 101 - 110 of 1605 results for "Investigation"

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 ...

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
... the conduct of their representatives and must have adequate supervision arrangements in place. "As a result of our investigation we remain concerned that Kalkine fell short in meeting its obligations, leading ASIC to take the significant step of imposing ...

ASIC sues home loan manager over 'unlawful' hardship application handling

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... of May 2024," Resimac said. "Resimac is considering the matters raised by ASIC, has co-operated with ASIC's investigation and will continue its co-operation. "Resimac acknowledges that its previous practices regarding hardship notices provided by ...

Former Sydney adviser sentenced to three years

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... July 2019 and January 2020, Valvo dishonestly obtained $110,000 from his clients' superannuation accounts. An ASIC investigation identified that Valvo submitted ad hoc adviser fee forms for 12 clients which purported to authorise withdrawals from their ...

Cointree hit with AUSTRAC fine

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
AUSTRAC has hit crypto exchange Cointree with a $75,120 infringement notice over alleged failures to submit suspicious matter reports (SMRs) to AUSTRAC on time. The action comes after Cointree voluntarily disclosed it had not met the reporting timeframes ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
A former financial adviser now residing in New Zealand lost a bid to stop her from being extradited to Australia to face 136 charges related to the alleged theft of clients' retirement savings. Marion Joan Pearson, formerly based in Perth, is accused ...

Former financial adviser charged in alleged $160k super fraud case

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
... of over $160,000 from their self-managed super funds (SMSFs). A statement from Police NSW said officers began an investigation after five individuals reported unauthorised access to SMSFs in November last year. On Tuesday morning, police executed a search ...

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... occasions between January to September 2022, allowing three of its clients to place suspicious orders. In a follow-up investigation, ASIC found that Macquarie failed to prevent 11 suspicious orders being placed on the electricity futures market via Macquarie ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... was available on Macquarie Wrap, and Equity Trustees' NQ Super and Super Simplifier platforms. ASIC began its investigation in February 2024 to halt new investment offers and then made interim stop orders on four product disclosure statements for ...