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Showing 221 - 230 of 3919 results for "February"

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... trial on 43 counts. Following ASIC's continued investigation into Marco's business, it was further alleged that between February 2014 and October 2018, Marissen enabled or aided Chris Marco to defraud more than $29.5 million from six investors. The criminal ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
... AlphaThorn's managed discretionary account investments to wholesale investors through the AlphaThorn Secured Service from February 2019 and through the AlphaThorn Enhanced Service from September 2019. Former AlphaThorn director Gabriel Jakob was ...

Societe Generale fined $3.88m

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
... SocGen breached market integrity rules by allowing two of its clients to place 33 suspicious orders from May 2023 to February 2024. This marks ASIC's fifth enforcement action in 15 months relating to alleged manipulation in electricity and wheat ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... push potential clients to his financial advice businesses, Venture Egg and Financial Services Group Australia (FSGA). In February, the Federal Court froze the assets of Merhi. He is the principal and financial adviser of Venture Egg, an authorised representative ...

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
... about $155 million, ASIC said. This was done via a "low cost advice project" the firm ran between September 2021 and February 2024, receiving referrals from lead generators. ASIC said the firm was incentivised to recommend Shield and failed to adequately ...

Perpetual flags 'uncertainty' over wealth management sale

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
... terminated KKR transaction. "Following the decision to terminate the agreement for a scheme of arrangement with KKR in February 2025, Perpetual determined to continue internal separation of its three businesses in order to simplify its business, as well ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... private markets to support Australia's needs, not just for tomorrow but for the next five to 10 years," ASIC wrote. In February, ASIC laid out its concerns in discussion paper, Australia's evolving capital markets, the dynamics between public and ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... Trustees approved the four classes of Shield as investment options on the NQ Super and Super Simplifier platforms. In February 2024, ASIC halted new offers of investments in Shield. ASIC made interim stop orders on four product disclosure statements ...

Super funds should prompt members on death benefits: SCA

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... its research revealed 36% of Australians have not made a binding nomination, ASIC report 808 - which was released in February - suggests that only 12% of members have a binding nomination. "While the sample groups and sizes for these two studies are ...

Liquidity issues hurting Healthbridge Capital investors

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... responsible entity Cache Group shows that it became aware of "potential financial irregularities" in the portfolio in February. The notice, dated March 25, states that Cache made enquiries about the issues alongside the investment manager, Healthbridge ...