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Showing 221 - 230 of 1607 results for "Investigation"

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 ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... the detriment of 181 innocent Australian investors," Mayfair 101 said. He added that it proves ASIC's ongoing investigation into him and Mayfair 101 should be discontinued. He also reiterated earlier calls for a parliamentary inquiry into ASIC. "The ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... on the subject which was released in 2018. In compiling the report, it undertook about six months' worth of investigation. The committee found very little has changed since the first report, adding that most of the barriers to women's success ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
ASX has settled a $1.05 million penalty after an ASIC investigation found it failed to meet pre-trade transparency rules on 8417 occasions from April 2019 to December 2022. The rules mandate that ASX disclosure specific order details on its trading ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... responsible managers of over-the-counter (OTC) derivatives issuer Prospero are embroiled in Australian Federal Police's investigation into seven syndicate members who allegedly laundered nearly $229 million known as "Operation Avarus-Nightwolf". The ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
The corporate regulator says it has shut down about 3500 investment scam websites since July 2023 to protect Australians from digitally enabled misconduct. According to ASIC's latest enforcement and regulatory update, it has secured almost $60 million ...

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... left Australia, leaving Guo as the only key figure remaining. ASIC deems interviewing Guo critical to furthering an investigation into a potential violation of the Corporations Act, potentially resulting in evidence being submitted to the Commonwealth ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... the fund's PDS, which included external legal advice, and has obtained external legal advice throughout the ASIC investigation. We confirm that MSC maintains there has been no contravention of the law." "Despite this, MSC has paid the infringement notice ...

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... Moreover, he failed to deliver financial product advice tailored to each client's needs, including a lack of detailed investigation into financial products that could fulfill client objectives. Jaidka has acknowledged and admitted to these shortcomings. ...

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... 2023, representing himself and notifying the court he wanted to enter a guilty plea as soon as possible. An ASIC investigation found that between January 2020 and June 2022 he obtained at least $440,000 from 79 clients, primarily contacting them via ...