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Showing 151 - 160 of 5197 results for "2015-16 ASIC"

ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
Ahead of Christmas, ASIC commenced civil penalty proceedings against BDO Audit (WA) and its director Dean Just alleging it made misleading statements, while failing to take reasonable steps to ensure reports were factually accurate for an ASX-listed ...

Diversa hit with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 23 DEC 2025
... Diversa for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. ASIC alleges Diversa failed to conduct adequate due diligence before allowing its members to invest and failed to conduct adequate ...

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 ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... into the 'High Growth' or 'Growth' class of the Shield, which was not in his clients' best interest. Earlier this month, ASIC suspended MW Planning 's Australian financial services licence (AFSL) after it failed to appoint a new responsible manager. ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... a 40% tax rate on balances above $10 million. The thresholds will also be indexed to the Consumer Price Index each year. ASIC calls out super trustees over 'weak' anti-scam practices ASIC wrote to superannuation trustees urging them to strengthen ...

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

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... clients to set up self-managed superannuation funds (SMSFs) to buy property marketed by real estate agent Positive RealEstate. ASIC alleged that between December 2013 and July 2016, Positive RealEstate paid SMSF Club around $5000 each time a client bought ...

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... MSAL has admitted it failed to correctly report at least 73 million short sales between December 2009 and February 2024. ASIC, however, believes the scale of total misreporting could be between 298 million and 1.5 billion short sales. ASIC lodged civil ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... super funds can collectively charge for. However, despite the wait, some elements of the expected reforms were missing. 5. ASIC bans adviser fraudster found with child abuse material A Brisbane-based financial adviser was banned after being found guilty ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... things necessary to ensure the financial services they provided were done so efficiently, honestly, and fairly. However, ASIC said it will not be seeking a pecuniary penalty to ensure members are remediated quickly, and in recognition of Netwealth's ...

Receivers appointed to First Mutual Private Equity

MATTHEW WAI  |  THURSDAY, 18 DEC 2025
... issued in August against FMPE and Cotton's assets, which were extended the following month. The orders will remain in place, ASIC confirmed. However, they are allowed to withdraw a further $250,000 from the bank accounts, subject to the freezing orders ...