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Showing 101 - 110 of 338 results for "Watchdog"

Rapper charged over crypto scandal

ALLY SELBY  |  MONDAY, 14 SEP 2020
... digital-asset trading platform for CoinSpark - but instead he allegedly misappropriated the funds raised in the offerings. The watchdog alleged the film producer secretly transferred FLiK tokens to himself and sold them for an additional US$2.2 million ...

ASIC takes disqualification decision to Federal Court

ALLY SELBY  |  FRIDAY, 11 SEP 2020
The corporate watchdog has refused to back down on a decision to disqualify a Queensland-based self-managed super fund auditor, taking the Administrative Appeals Tribunal's decision to the Federal Court of Australia. John Gilliland had his ASIC disqualification ...

ASIC bans crypto scammer

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... law". Bigatton has the right to appeal the banning with the Administrative Appeals Tribunal. It comes after the corporate watchdog recently issued an alert on the dangers of cryptocurrency scams during COVID-19. The alert noted that most cryptocurrency ...

Former adviser faces fraud charges

ALLY SELBY  |  MONDAY, 31 AUG 2020
... carrying on a financial services business without holding an AFSL or being an authorised representative. The corporate watchdog alleges that between 2015 and 2017, Gordon withdrew a total of $502,000 from the bank accounts of six of his self-managed ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
Commonwealth Bank has announced the corporate watchdog will not be taking any action against the bank nor its directors over a money laundering and counter-terrorism scandal identified by AUSTRAC three years ago. In an ASX announcement, CBA told investors ...

ASIC cracks down on 42 SMSF auditors

ALLY SELBY  |  THURSDAY, 20 AUG 2020
The corporate watchdog has cancelled the registrations of 36 self-managed super fund auditors, while conditions have been imposed on a further six. It comes after ASIC found a number of SMSF auditors had not maintained an appropriate level of audit ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... October 2021. Previously, a group of approximately 60 investors applied to adjourn ASIC's hearing, however, the corporate watchdog claimed "that application was not supported by any affidavit material, let alone affidavit material to indicate that there ...

Brisbane broker permanently banned

ALLY SELBY  |  TUESDAY, 11 AUG 2020
ASIC has permanently banned a Brisbane-based broker from engaging in credit activities, after the corporate watchdog found he had falsified a letter of approval for a home loan. Jeffry Leonard Gordon has been barred from the industry and his Australian ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... AMP, Colonial First State, Equity Trustees, IOOF, Intrust, Netwealth and Suncorp have been caught out by the corporate watchdog for wrongfully assigning 'smoker' statuses to new members, with only four of the aforementioned businesses set to ...

UK competition watchdog blocks merger

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
The Competition and Markets Authority (CMA) has blocked the merger of retail investment platforms FNZ and GBST due to fears of it leading to higher costs for investors. FNZ purchased GBST in November 2019 for £150 million. The merged businesses would ...