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Showing 131 - 140 of 2512 results for "Court"

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI  |  FRIDAY, 23 JAN 2026
... years' imprisonment. Torre's sentencing was backdated to 29 January 2025 in a verdict handed down by the District Court of Western Australia. Torre was sentenced to three counts of stealing and two counts of fraud resulting in the misappropriation ...

AOFM names lead managers for 2037 Treasury Bond

ELIZA BAVIN  |  WEDNESDAY, 21 JAN 2026
... issuance, and a $50 million penalty for incorrectly reporting bond trading data to the AOFM over a two-year period. The Federal Court made the order in December 2025. At the time, AOFM chief executive Anna Hughes welcomed the court's decision. "The court's ...

EQT stands firm on defence, blames ASIC, third parties

KARREN VERGARA  |  MONDAY, 19 JAN 2026
... third-party providers for their failures. Releasing its Summary of Defence document last week, which was filed with the Federal Court on 24 December 2025, EQT said Equity Trustees Superannuation Limited (ETSL) showed "reasonable due diligence" before ...

ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
... misstated, and the audits were not in accordance with the Australian Auditing Standards. Commenting, ASIC deputy chair Sarah Court said BDO and Just acted "outside" of the auditing standards. "Confidence and trust are fundamental to the role of company ...

Pump and dump conspirators sentenced

MATTHEW WAI  |  TUESDAY, 23 DEC 2025
The four people who conspired in a pump and dump scheme were delivered their sentences at the Sydney District Court, ASIC said. Larisa Quinlan, Kurt Stuart, Emma Summer, and Syed Yusef have been sentenced to between 14 months and two years' imprisonment ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... significant role in shaping its case against the super fund. During questioning, ASIC confirmed it had put forward to the court internal communications from staff at the fund which said: "It benefits the member by stopping the $1.50 charge on their duplicate ...

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
The Federal Court has ordered licensee RM Capital to pay a $575,000 penalty and its authorised representative SMSF Club to pay $350,000 over conflicted remuneration breaches. The penalties follow ASIC succeeding in its case against RM Capital in 2024 ...

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... could be between 298 million and 1.5 billion short sales. ASIC lodged civil proceedings against MSAL in the NSW Supreme Court in May. MSAL has also admitted to incorrectly reporting regulatory data for more than 633,000 orders submitted to the market ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... trustees of the fund, Netwealth Superannuation Services (NSS) and Netwealth Investments Limited (NIL), will now face ASIC in court after admitting it "did not assess sufficient information about the First Guardian Master Fund, or make sufficient independent ...

Receivers appointed to First Mutual Private Equity

MATTHEW WAI  |  THURSDAY, 18 DEC 2025
The Federal Court has appointed receivers for the assets of First Mutual Private Equity (FMPE) and its sole director Gregory Raymond Cotton over allegations investor funds were gambled. Robert Woods and Salvatore Algeri of Deloitte SRT have been appointed ...