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Showing 111 - 120 of 732 results for "Misconduct"

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... Albanese government is directing Treasury to undertake a comprehensive review of the CSLR to ensure victims of financial misconduct have a sustainable avenue for redress. "This is all about ensuring the scheme remains sustainable into the future for ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... affordable, the answered it received was: "Any cost that financial advice licensees face from CSLR is a direct reflection of misconduct and insolvencies occurring within the sector. The Advice sector can reduce those costs by doing [what] it can to eliminate ...

TPB welcomes stay of sanctions against disqualified agents

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... the Tax Practitioners Board (TPB) against disqualified tax agents in three separate cases. All three cases relate to misconduct on the part of tax agents, including making false and misleading statements, and breaching honesty and integrity obligations ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... entity for the Shield Master Fund, the assets of which were frozen by ASIC in June while it investigated potential misconduct. It initially placed stop orders on the product in February this year. ASIC believes that since February 2022, more than $480 ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... transitioned to the London branch in October 2018. Macquarie detected the issue on 23 February 2022 and reported the misconduct. Macquarie Group issued a statement stating the organisation takes these matters very seriously and has been co-operating ...

Gensler to leave SEC in January

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2024
... accountable and return billions to harmed investors." Gensler's term was characterised by his tough stance on Wall Street misconduct and even tougher regulation of cryptocurrency. Most cryptocurrencies have surged on the back of Trump's election win ...

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... publicity orders against NAB and AFSH. This is the second major bank ASIC has acted against for financial hardship misconduct after it filed proceedings against Westpac in September 2023.

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... forewarned this will only intensify in 2025. For one, ASIC will add a new priority in 2025 which it describes broadly as "misconduct exploiting superannuation savings". "We see this as an emerging and concerning area of vigilance and we are calling on ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
... an internal probe which uncovered his misuse of company resources. Ellison was found to have engaged in widespread misconduct, including underreporting income from offshore entities to the Australian Taxation Office. Ellison will face board-imposed financial ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... action taken against ANZ. "We are giving this investigation the highest priority given the seriousness of the alleged misconduct and the potential for the alleged conduct to impact the interest payments of the Commonwealth on the bonds issued and therefore ...