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Showing 271 - 280 of 1605 results for "Investigation"

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... cannot guarantee." In response to the allegations, the fund said: "Active Super has co-operated with ASIC's investigation and welcomes increased scrutiny on ESG disclosure standards as being good for members, the super industry and the community." ...

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
BNP Paribas Securities, Moelis & Company, and Wells Fargo are among 11 firms that copped massive fines that totalled US$289 million ($442m) after the Securities and Exchange Commission (SEC) found that they used personal apps to conduct business. From ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
Tax agents found evading laws could face over $780 million in penalties following the ongoing fallout of the PwC scandal. In what's being called the biggest crackdown on tax agent misconduct in Australian history, the government has bumped up fines ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
Mayfair 101 says ASIC has rejected seven Freedom of Information requests in relation to its investigation into the private equity firm, one within six hours of its receipt. The embattled group said the first FOI request was made on June 20, followed ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... Link Group reached a conditional agreement with the UK regulator, the Financial Conduct Authority, to settle its investigation into Link Fund Solutions following the failure of the LF Woodford Equity Income Fund, which Link Fund Solutions oversaw. Link ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
Mayfair 101 founder James Mawhinney believes the government should look into how ASIC's investigation into the firm was initiated and the speed at which it was carried out. Recent reports from The Australian suggest an email from John Hempton, founder ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... highest ever. Additionally, it was noted that this action also represented the first occurrence of an enforcement investigation exposing violations of four PRA Fundamental Rules. "The firm's risk management oversight and practices fell well below ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... AI firm, regulators demanded detailed records of OpenAI's policies and procedures and said the subject of the investigation was reviewing deceptive practices. "Whether the company, as defined herein, in connection with offering or making available ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... largest sanction ever imposed by an ASIC Market Disciplinary Panel, after contravening market integrity rules. An ASIC investigation was triggered by a series of transgressions, most notably Openmarkets' failure to respond to suspicious trading activities ...