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Showing 121 - 130 of 1604 results for "Investigation"

Court acts against two with links to Shield Master Fund

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
The Federal Court has made orders against two individuals in connection to ASIC's investigation into the Shield Master Fund collapse. The $480 million Shield Master Fund collapse will likely see its 5800-plus investors cop significant losses, with the ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Senator Andrew Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
ASIC is proposing additional relief for financial services businesses, which would scrap the need to report minor or technical breaches that don't result in a financial loss. The relief is intended to ease the compliance load on financial services ...

ASX reports 'record' revenue for 1H25, lags in listings

MATTHEW WAI  |  THURSDAY, 13 FEB 2025
... affected. In light of the debacle, the Australian Securities and Investments Commission (ASIC) has announced an investigation into the issue. Lofthouse said replacing of its CHESS system is a "high priority" and will continue to ensure the system remains ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... priorities this year is to curb financial advice misconduct that is occurring at an "industrial scale". "Our ongoing investigation into the Shield Master Fund is one such example - though regrettably it's not an isolated one. It reflects a pattern of ...

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... processing the death benefit claim not occurred. Financial Standard contacted AustralianSuper regarding the ASIC investigation, and it reiterated comments from November, with Kerlin saying the fund is committed to putting members first but conceded ...

ASIC initiates ASX outage probe

JAMIE WILLIAMSON  |  MONDAY, 3 FEB 2025
ASIC has officially commenced an investigation into the ASX outage that occurred in late December. On 20 December 2024, the ASX experienced a "technical issue" on its CHESS Batch Settlement that disrupted and delayed several days' trade settlements. ...

Former adviser pleads guilty to $1m theft

MATTHEW WAI  |  MONDAY, 3 FEB 2025
... Anthony Torre was charged with five counts of stealing and eight counts of fraud in June 2022 following an ASIC investigation; Torre entered a plea of not guilty for all charges on 13 July 2023, with the matter consistently been adjourned since. On January ...