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Showing 221 - 230 of 5582 results for "ASIC"

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
... penalty and its authorised representative SMSF Club to pay $350,000 over conflicted remuneration breaches. The penalties follow ASIC succeeding in its case against RM Capital in 2024, in which the court found it failed to take reasonable steps to prevent ...

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... broking arm of Macquarie Group, has admitted to misreporting millions of short sales over several years and has agreed with ASIC to pay a $35 million fine. MSAL has admitted it failed to correctly report at least 73 million short sales between December ...

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
... sufficiently assess the First Guardian Master Fund before making it available to super members, Netwealth is being sued by ASIC and will repay $101 million to victims. More than 1000 investors had their money in the First Guardian Master Fund via the ...

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 ...

Equity Trustees hit with additional licence conditions

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... committed to active engagement and co-operation with the regulators." APRA said it will continue to coordinate closely with ASIC on the regulatory response to weaknesses identified in platform trustees. Speaking at the Equity Trustees annual general ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... will not affect underlying operating cash flow or the ongoing performance of the group's core business units," Sequoia said. ASIC is currently suing Sequoia's subsidiary Interprac Financial Planning, alleging its financial advisers provided thousands ...