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Showing 121 - 130 of 439 results for "ASIC deputy chair"

Finfluencer receives jail sentence

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... an undisclosed interest in, and which he had manipulated, with a view to selling out at a higher price," said ASIC deputy chair Sarah Court said. During ASIC's search of the finfluencer's premises in 2015, a notepad was found which detailed his ...

Future Super accused of greenwashing via Facebook post

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... environmental impact of the fund and we were concerned it may be misleading to investors and potential investors," ASIC deputy chair Sarah Court said. "This action should send a message to the financial services industry that ASIC is continuing to focus ...

Finfluencer barred from running online advice business

CHLOE WALKER  |  FRIDAY, 14 APR 2023
... group chat or through direct messages. As of today, Scholz still has more than 20,000 followers on Instagram. ASIC deputy chair Sarah Court said the regulator sought permanent injunctions in this case because the people who paid Scholz to access private ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... ANZ has agreed that its Customer Fairness Advisor will conduct a review of its Home Loan Introducer Program." ASIC deputy chair Sarah Court commented: "By failing to have robust compliance and training processes in place, ANZ made it possible for third ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... investments in certain industries like fossil fuels are said to be excluded, this promise must be upheld," said ASIC deputy chair Sarah Court. "This is the first time ASIC has taken an Australian entity to court regarding alleged greenwashing conduct ...

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... consumers to make decisions on their super that they didn't plan to make or don't suit their needs," ASIC deputy chair Sarah Court said. "Reforms to the anti-hawking regime were in response to clear consumer harm when it came to the unsolicited ...

ASIC dodges PGPA investigation questioning

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
... of people." After some discussion behind the scenes, Longo confirmed he had received a letter in relation to ASIC deputy chair Karen Chester. Concerning the issue, Chester said: "Given the nature of Senator Bragg's questions, not directed to myself ...

Mining company shares manipulator sentenced

JAMIE WILLIAMSON  |  TUESDAY, 7 FEB 2023
... in November 2015, with each of the people the subject of charges being sentenced to terms of imprisonment," ASIC deputy chair Sarah Court said. "ASIC is committed to acting against conduct that damages the integrity of Australia's markets. Market manipulation ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... - are less likely to meet best interest duty obligations and can expose clients to a risk of capital loss," ASIC deputy chair Sarah Court said at the time. The court imposed a total of $10.38 million in penalties on Dixon Advisory. However, Dixon Advisory ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... broad, potentially misleading consumers as to the extent of the investment screening being implemented," said ASIC deputy chair Sarah Court. "As consumers increasingly look to more sustainable and ethical investing, including via their superannuation ...