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Showing 211 - 220 of 1606 results for "Investigation"

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... deterrence. ASIC petitioned for a $1.5 million fine. The judge also noted that the breaches were discovered due to ASIC's investigation rather than Lanterne self-reporting the issues, and that the conduct occurred in the aftermath of the Royal Commission. ...

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... are recovered. Prospero's AFSL was suspended in December 2023 after it failed to lodge its financial accounts. The investigation was sparked by an Australian Federal Police operation that saw several of Prospero's former officers and responsible managers ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... Mawhinney published an article on the Mayfair 101 website, again calling for a Parliamentary inquiry into ASIC and its investigation of IPO Wealth Group and Mayfair 101. "The Australian Parliament needs to uncover what has gone on here. The public and ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... process failures. The super fund said it was engaging with the regulators about its issues. AFCA meanwhile closed its investigation based on this. Last November, ASIC took TelstraSuper to the Federal Court for allegedly failing to comply with IDR requirements ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... The federal court has rejected Provide Capital's "illogical" application to prevent ASIC conducting further investigation into the firm. Justice Rofe dismissed Provide Capital's application that alleged ASIC did not have the state of mind required ...

NZ Super Fund chief investment officer departs

ELIZA BAVIN  |  WEDNESDAY, 3 APR 2024
... months in the role citing family reasons. Prior to Musicco, the role was held by Ben Meng who resigned following an investigation into some of the investments made during his tenure. Meng was found to have invested CalPERS funds into several private ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
Novigi will wind up QMV Legal as its managing partner Jonathan Steffanoni embarks on launching a new specialist superannuation law firm. QMV Legal will fold on April 26, shortly after Novigi acquired the QMV Solutions business on February 1. "Novigi ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... judgement. In addition to the false fact sheet, Creigh is also alleged to have provided false evidence during an ASIC investigation, told investors not to cooperation with ASIC's investigation and created a fictious head of client services to communicate ...

Super SA names chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... Business Services within the Attorney General's department. Soulio has also previously served as a senior manager, investigation and insolvency at ASIC, worked for the Australian Customs Service, and was a solicitor at MinterEllison. "He is a highly ...

ASIC ends legal battle: Provide Capital's appeal quashed

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... regulator's legal costs. ASIC had previously served a notice on Provide Capital to produce documents as part of an ongoing investigation, which the company failed to do. According to Section 33 of the ASIC Act, the regulator is authorised to require ...