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Showing 271 - 280 of 5584 results for "ASIC"

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
Clime Investment Management is shuttering two funds, one of which is under an ASIC investigation, and will offload its retail client book for $1.65 million to an undisclosed financial advice practice. At the annual general meeting last week, Clime chair ...

Sequoia shares dive nearly 50%

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... subsequently going into a trading pause and the impact it would have on its share price. The AFR published an article titled ASIC sues SQM, Sequoia in fresh Shield, First Guardian blitz at 9:51 am AEDT on November 13. Sequoia's share price opened ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... have been convicted of two offences and fined $15,000 over failure to lodge financial statements and auditors' reports with ASIC for five years. They have each pleaded guilty to two charges of aiding, abetting, counselling or procuring the firm to commit ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI  |  MONDAY, 24 NOV 2025
... on the advice sector is not "the right approach". Meanwhile, shadow minister for financial services Pat Conaghan blasted ASIC for its handling, claiming it was "too slow" out of the gate and should take some responsibility for the scheme. "If there was ...

APRA stress tests for potential ASX failure

ELIZA BAVIN  |  THURSDAY, 20 NOV 2025
... the CHESS batch settlement failure incident that occurred on 20 December 2024. Both the Reserve Bank of Australia (RBA) and ASIC lambasted the ASX over concerns around its management of operational risk. In March 2025, RBA governor Michele Bullock said ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
... InterPrac advisers. Addressing its annual general meeting this morning, Sequoia chair Mike Ryan said the litigation brought by ASIC last week over Shield and First Guardian was not unexpected and the allegations were not reflective of "any new development". ...

Prevention of Shield, First Guardian-like events the focus from here on: Mulino

MATTHEW WAI  |  THURSDAY, 20 NOV 2025
... shouldn't just focus on one part of the sector. That isn't going to be the right approach." Mulino said he has communicated with ASIC and APRA to strengthen prevention methods, including ways in which platforms can be regulated through stronger oversight ...

Conaghan holds ASIC accountable for Shield, First Guardian mess

KARREN VERGARA  |  THURSDAY, 20 NOV 2025
The shadow minister for financial services Pat Conaghan has thrust ASIC front and centre of the First Guardian and Shield Master Fund collapses, saying it should take accountability for its delayed action and it is high time for its reformation. Conaghan ...

SQM vows to 'respectfully' defend ASIC case

MATTHEW WAI  |  TUESDAY, 18 NOV 2025
Almost a week after ASIC decided to take the research house to court over 'favourable' ratings of the Shield Master Fund, SQM Research has confirmed it will defend itself against the allegations. In a statement overnight, SQM Research managing director ...

SMC makes recommendations to safeguard super

ELIZA BAVIN  |  MONDAY, 17 NOV 2025
... corporate regulator continues to launch legal action against those involved in the collapses of Shield and First Guardian. ASIC deputy chair Sarah Court said the misconduct was on an "industrial scale." SMC said the First Guardian and Shield collapses ...