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Showing 191 - 200 of 1607 results for "Investigation"

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts (FX contracts). ASIC said its investigation into XTrade found that several vulnerable clients were encouraged to trade in CFDs in circumstances where they could ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
More than a year on from a Treasury consultation on giving victims of child sexual abuse access to their abuser's superannuation for compensation purposes, little headway has been made. At the same time, experts say the government's proposals ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... clients' SMSF accounts to cover personal debts, personal expenses, and business expenses of Refocus. Following an ASIC investigation, he appeared before the Maroochydore District Court and entered pleas of guilty to nine counts of fraud totalling $652,500. ...

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... and three months imprisonment for fraud. Daniel Farook Ali was sentenced in the Brisbane District Court after an investigation by the Australian Securities and Investments Commission (ASIC). Ali pleaded guilty to five counts of fraud totalling $771,303 ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... services laws and failed to understand his obligations under the Corporations Act as an adviser, according to an ASIC investigation. ASIC found he failed to provide advice that was appropriate to clients, did not prioritise the interest of clients above ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... statements annually with ASIC," the regulator said. Everest is intertwined with the Australian Federal Police's (AFP) investigation into money-laundering scheme under the code name "Operation Avarus-Nightwolf". The AFP alleges that seven syndicate ...

BitConnect promoter pleads guilty

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... once invested, nor could they withdraw their capital investment until the expiry of the lending period, ASIC's investigation found. On top of this, Bigatton provided financial product advice without holding an AFS Licence or authorisation to provide ...

Iress breach extends to OneVue business

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024
... shareholders its private user space on code repository GitHub had been breached. At the time, it said it was undertaking an investigation but was confident no data had been stolen. In an update today, Iress said it has since discovered a credential within ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
ANZ has confirmed the Australian Securities and Investments Commission (ASIC) is investigating its execution of a 2023 bond issuance of 10-year Treasury Bonds by the Australian Office of Financial Management (AOFM). ANZ said it was appointed by the ...

Iress says its GitHub user space was breached

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2024
... information on GitHub. Iress said it restricted access to GitHub "immediately upon discovery and commenced a rapid investigation." "There is no evidence that client data has been compromised as a result of this issue," Iress said. "There is also no evidence ...