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Showing 201 - 210 of 1640 results for "Investigation"

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. ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... underworld figures and former bikie gang leaders into high-paying union roles on government-funded projects, following an investigation by the Nine Network last month. CFMEU national secretary Zach Smith subsequently said the union had a "zero tolerance ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable Plus investment options offered in the ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... decision to cancel United Global Capital's (UGC's) AFS licence. UGC's AFS licence was revoked following a damning ASIC investigation which revealed that the firm's authorised representatives had contacted prospective clients, urged them to establish ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
The AMP Super Fund trustee, N.M. Super, has had its additional licence conditions lifted, marking the end of all outstanding matters raised by the Financial Services Royal Commission. N.M. Super, which controls the AMP Super Fund and Wealth Personal ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... evidence of conflicts of interest. Christopher Edward Luff failed as a financial adviser, according to ASIC's investigation, particularly when it came to informing clients about the risks associated with investing in the Storehouse Residential Trust. ...

ANZ staff axed over treasury bond scandal

ELIZA BAVIN  |  THURSDAY, 25 JUL 2024
... been working with the Australian Securities and Investments Commission (ASIC) as well as launching its own internal investigation. "With the assistance of external counsel, we are investigating these issues with the urgency expected and the group board ...

ASIC to launch new criminal investigation team

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
... its final report on equity market integrity in Australia. ASIC said it will be establishing a dedicated criminal investigation team to swiftly progress insider trading investigations and increase the number of criminal briefs it refers to the Commonwealth ...

Charges brought against ASX pump and dump group

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2024
Four people have been criminally charged after an ASIC investigation identified them as key members of a Telegram group named the 'ASX Pump and Dump Group.' Syed Yusuf, Larissa Quinlan, Emma Summer, and Kurt Stuart have been charged with conspiracy ...