Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 251 - 260 of 1605 results for "Investigation"

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... understands that the infringement notices will be "disappointing for our members". "We have cooperated with ASIC's investigation and acknowledge and have acted on ASIC's concerns," HESTA said. "We have since improved our internal processes and ...

Licensees flout breach reporting regime: ASIC

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
... financial services and credit licensees in the year to June 2023, 17% took over one year to identify and commence an investigation into an issue after it first occurred. About 250 also took the same amount of time to compensate clients. This amount totalled ...

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... businesses tied to permanently banned Sydney director David Sutton have been charged in separate proceedings following an investigation by ASIC. APC Securities, previously known as McFaddens Securities, and Brava Capital, formerly Dayton Way Securities ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... ASIC set upon the business in April 2020 without interviewing Mr Mawhinney or requesting basic data to inform its investigation, including financial statements and asset registers," Mayfair 101 said following the verdict. It added that Mawhinney believes ...

ASIC bans former PwC partner over tax scandal

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... start of the year, Collins was barred by the Tax Practitioners Board (TPB) over integrity breaches following an investigation that found he let confidential law reform plans slip. Collins was undoubtedly the initial thread to unravel the embattled PwC ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... Credit Licensee, AFS Licensee, Migration Agent's Licence, Real Estate Agent's licence." Following ASIC's investigation, Grubisa explained she has never held a credit licence, however, her company did. "It was loose language and I regret it ...

BBY chief charged with aiding and abetting fraud

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... mention on December 5 and is being prosecuted by the Commonwealth Director of Public Prosecutions. ASIC said that its investigation on BBY remains ongoing.

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... previously sought documents under Section 33 (s 33) of the ASIC Act and subsequently issued orders as part of the ongoing investigation. However, Provide Capital failed to produce the documents as required without a reasonable excuse. The matter was ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
DWS Investment Management's American operations will pay the US Securities and Exchange Commission US$25 million to settle charges stemming from greenwashing claims and failures to develop an anti-money laundering (AML) program for mutual funds it advised. ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... misconduct to the TPB, the government said. The government will also extend the timeframe the TPB has to complete an investigation into tax practitioners suspected of misconduct and breaching registration requirements from six months to 24 months. As ...