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Showing 251 - 260 of 4199 results for "Action"

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... that he "successfully defeated the majority of the accusations levelled at him in the retrial of ASIC's flawed 2020 court action, including 57 out of 90 allegations of misleading or deceptive conduct." Prior to ASIC taking enforcement action, all Mayfair ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... conduct". In releasing its 2025 financial report recently, Crole told Sequoia Financial Group investors that "proactive action" was taken in closing new business in Shield in July 2023 and First Guardian in December 2023. Both Venture Egg and Reilly ...

Two CBA class action appeals dismissed

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... and terrorism financing risk, including the ongoing AML/CTF risks of doing business with those customers. The Zonia class action began on 9 October 2017, whilst the Baron class action started on 2 July 2018. ASX-listed Omni Bridgeway (formerly IMF Bentham) ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... emerge of how one of its analysts red flagged the product but was allegedly ignored. Releasing a response to ASIC's action announced on Tuesday, EQT said subsidiary Equity Trustees Superannuation (ETS) has carefully considered ASIC's Statement ...

Super funds test cybersecurity resilience

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
Still reeling from the coordinated cyberattack in April, superannuation funds will test their cybersecurity resilience and see what lessons they have learned under a drill provided by the Gateway Network Governance Body (GNGB). Taking place on Thursday ...

Societe Generale fined $3.88m

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
... 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 futures on the ASX 24 Market. "Manipulation of the ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... of FSGA on June 7 and permanently banned its responsible manager Graham Holmes. ASIC deputy chair Sarah Court said this action is the latest part of ongoing enforcement activity to clamp down on misconduct we consider exploits superannuation savings. ...

AMP, Insignia, Bendigo products fail super performance test

KARREN VERGARA  |  FRIDAY, 29 AUG 2025
... assessing the delivery of member outcomes and improve these outcomes when targets are not met through credible and timely action to rectify poor performance," APRA said. Interestingly, APRA pointed out that a small number of platform TDPs passed the ...

Government scraps inquiry into advice firm failures, Dixon Advisory

JAMIE WILLIAMSON  |  FRIDAY, 29 AUG 2025
... the right thing," Macdonald said. "Hopefully, the findings so far will help to move from consultation and inquiry into action to stop or at least minimise these large failures."

CBA appoints head of Australian economics

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Commonwealth Bank (CBA) has announced Belinda Allen will take on the role of head of Australian economics after Gareth Aird left the bank in July. Allen will be responsible for developing the bank's Australian economic forecasts, views on the Reserve ...