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Showing 221 - 230 of 688 results for "Penalty"

ASIC bans Gold Coast businessman

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... program and operated without a licence. Gregory William Finerty, the sole director of Bradford AI, has been handed down the penalty following the hiring of an automated trading robot, designed to work on foreign exchange (FX) trading platforms. Bradford ...

Former planner pleads guilty to dishonest conduct

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... County Court in April for plea and sentencing hearing. At the time of Grimm's offending, each breach carried a maximum penalty of 10 years imprisonment.

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... product distributor for alleged breaches of design and distribution obligations (DDO). The regulator commenced the civil penalty action in the Federal Court against Firstmac Limited following its first DDO court action filed earlier this month against ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... offence in June. At the time of his offence, the charge of conspiring to commit market manipulation carried a maximum penalty of 10 years imprisonment. In March 2019, the maximum penalty increased to 15 years imprisonment. Meanwhile, Kimelman was sentenced ...

ASIC proceedings name Pendal board member

ANDREW MCKEAN  |  TUESDAY, 13 DEC 2022
ASIC has started civil penalty proceedings against 11 current and former directors and executives of Star Entertainment Group, including a Pendal Group director. ASIC deputy chair Sarah Court argued that the Star's board and executives failed to ...

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
... their insurance and failing to report the issue to ASIC in the time required. The Federal Court imposed a $3.5 million penalty for the misleading correspondence and $500,000 for failing to report the breach to ASIC.

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
... companies, super funds, and managed funds for potential greenwashing. "Only last week we issued our first greenwashing penalty, and we're currently investigating a number of listed entities, super funds, and managed funds in relation to their claimed ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... taking a fintech to court for providing unlicensed financial advice on crypto-asset products. The regulator commenced civil penalty proceedings in Federal Court against Block Earner, an authorised representative of Flash Partners and AUSTRAC-registered ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
... minimum investment of $25,000. There were no additional processes to investors as being within the target market." ASIC's penalty stops Finnia from issuing interests in, giving a prospectus for or providing financial advice to retail clients under the ...

ASIC probes super fund, investment manager greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
... companies, super funds, and managed funds for potential greenwashing. "Only last week we issued our first greenwashing penalty, and we're currently investigating a number of listed entities, super funds, and managed funds in relation to their claimed ...