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Showing 191 - 200 of 1638 results for "Investigation"

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... members, and to always prioritise members' interests when in a position of conflict. The allegations follow an investigation by APRA into a member and employer services contract (MESC contract) between First Super and the CFMEU. APRA alleges O'Connor ...

ASIC cancels AFSL of foreign exchange contracts issuer

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... (CFDs) and foreign exchange contracts issuer, FXOpen AU. ASIC said the decision to cancel the licence came after an investigation identified serious concerns about the adequacy of its human resources to provide financial services and to carry out supervisory ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
... Providing distorted data is "potentially hindering" to ASIC's market surveillance capabilities. ASIC launched an investigation on 16 January 2023 after CLSA reported two block trades, which generated volume alerts on ASIC's surveillance systems.

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to ANZ to $750 million in response to heightened concerns about the bank's non-financial risk management practices. APRA said it has longstanding concerns ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
The Australian Securities and Investments Commission (ASIC) has unveiled its corporate plan for the next 12 months, with the superannuation industry in the firing line. ASIC said its review of the superannuation industry has been a multi-year project ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... sentencing of the former head of operations of the stockbroker. The former chief executive has also been charged. ASIC's investigation into BBY is ongoing.

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... publicity order and costs against ASX, but it has not determined the exact amount. "ASX cooperated fully with ASIC's investigation, recognises the significance and serious nature of these proceedings and is currently reviewing and considering the ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... the ASX. "We recognise the significance and serious nature of these proceedings. We cooperated fully with ASIC's investigation and are now carefully reviewing and considering the allegations," Lofthouse said. "We play a critical role at the centre of ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... said. "The group also continues to engage with its regulators and other bodies in relation to the matters under investigation." CBA said it has spent around $236 million during the year ended June 30 in relation to its previously owned advice practices. ...