Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 1605 results for "Investigation"

Former adviser charged with dishonest conduct

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... is likely to contravene financial services law..." Ridgway allegedly provided false information during ASIC's investigation into his role in recommending unlisted McFaddens Securities shares to clients between 2015 and 2021. The shares included pre-IPO ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... HESTA's policies and procedures around unlisted asset valuation decisions." The regulator commenced a formal investigation into the issue in January 2024, but said it would now close the investigation. "In light of HESTA's decision to make payments ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
ASIC warned it will turn up the heat on superannuation funds by adding new enforcement priorities and flagging that it will hold directors on trustee boards to the same standards as those in big companies. While the corporate regulator heightened its ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... members which is being implemented now." The spokesperson added that Cbus has been cooperating with ASIC during its investigation and notes that the regulator has commenced proceedings in the Federal Court. "Cbus will invite ASIC to engage in alternative ...

Federal Court appoints receivers to ALAMMC Developments

ANDREW MCKEAN  |  TUESDAY, 5 NOV 2024
... compatible property development schemes across Australia. As previously reported by Financial Standard, ASIC launched an investigation into McWilliams and the associated companies earlier this year after receiving information from the Queensland Office ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
The market regulator provided an update on its investigation into ANZ's role as joint lead manager and risk manager of the issuance of 10-year Australian government Treasury Bonds last year. The investigation, commenced April last year, is currently ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... reporting trends from 1 July 2023 to 30 June 2024, and covers licensee population reporting, breach identification and investigation, root causes, consumer impact and remediation efforts. During the period, licensees submitted 12,298 reports. Of these ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... misleading statements, inadequate disclosure across its investments and was not as diversified as it claimed to be. The investigation is ongoing. Next Gen operated a financial services business in Queensland since 14 September 2006.

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... against UGC after a liquidator was appointed on October 1 and dismissed the proceeding against it. ASIC said its investigation into the conduct of UGC, Hewish, and related entities is continuing. The hearing last week saw the court appoint liquidators ...

ISG ordered to wind up managed investment schemes

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... ceased paying distributions and later froze investor redemptions. Since July 2023, ASIC has been undertaking an investigation into suspected contraventions of provisions of the Corporations Act 2001 in relation to the affairs of ISG. ASIC said the investigation ...