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Showing 111 - 120 of 5197 results for "2015-16 ASIC"

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
APRA's role as prudential regulator in the wake of the First Guardian Master Fund and Shield Master Fund collapses came under the spotlight at a recent parliamentary hearing. APRA chair John Lonsdale told the Senate Economics Legislation Committee that ...

ASIC inquiry an 'inflection' point for ASX: Lofthouse

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
Although posting strong revenue growth in the six months to December end, the ASX's total expenses for FY26 are expected to balloon as a result of ASIC's inquiry over its governance, capability, risk management frameworks. ASX posted revenue growth ...

ASIC imposes licence conditions on Cambridge Mercantile

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
ASIC has imposed additional conditions on the Australian financial services licence (AFSL) of Cambridge Mercantile's local branch, following ongoing compliance failures in its foreign exchange derivatives business. The Corpay subsidiary misclassified ...

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
Effective February 5, ASIC banned former MWL Financial Services (MWL) adviser Neil McPherson for giving advice to certain clients that was not in their best interests. An investigation found that during his tenure with MWL, McPherson recommended some ...

Helen Lofthouse to exit ASX in May

JAMIE WILLIAMSON  |  WEDNESDAY, 11 FEB 2026
... the new technology was originally supposed to be rolled out in April 2021 but faced successive year-long delays. In 2024, ASIC sued the ASX in the Federal Court over allegedly misleading statements related to the project. One of Lofthouse's first ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
... cybersecurity failures that went on for years and saw the private data of clients compromised and, in some cases, leaked. ASIC brought its case against FIIG Securities in March 2025 after it found the firm failed to have adequate cyber risk management ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
Treasury has opened another review into the $2 trillion managed investment scheme (MIS) sector off the back of the Shield Master Fund and First Guardian Master Fund collapses. This time, the Enhancing oversight and governance of managed investment schemes ...

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
In a new report, The risk of unrelated aged care advice: protecting older Australians and ensuring quality advice paper, Aged Care Steps identifies key issues with how aged care advice is being provided in Australia, calling for reform. Older Australians ...

ASIC bans adviser who stole from super accounts

JAMIE WILLIAMSON  |  FRIDAY, 6 FEB 2026
... having the fees withdrawn. Valvo was also charging most of the impacted clients monthly ongoing service fees at the same time, ASIC said. The conduct occurred between July 2019 and January 2020. During this time, he was a representative of the now-defunct ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... Australians who invested in the two schemes have lodged complaints with the Australian Financial Complaints Authority (AFCA), ASIC said. The losses equate to more than $1 billion. With the deadline for some investors to file a complaint approaching as ...