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Showing 11 - 20 of 1635 results for "Investigation"

ASIC wins court order to wind up Capital Guard

RIDDHIMA TALWANI  |  WEDNESDAY, 29 JUL 2026
... Macquarie Bank bond, providing false documents to its auditor and making misleading statements on its website. ASIC's investigation revealed Capital Guard raised approximately $17.4 million from around 80 investors and only a small proportion of those ...

KPMG finds new chief executive

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... executive Andrew Yates resigned from the firm after the consulting giant admitted its treatment of a whistleblower and investigation into their allegations fell short. Allegations against KPMG by the whistleblower include misappropriation of confidential ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
ASIC has scored a whopping $830 million in civil penalty orders in the last financial year alone, a Freedom of Information (FOI) request revealed. The FOI obtained by Lambros Photios, the founder of technology services and artificial intelligence (AI) ...

ASIC cancels AFSL of Australian Fiduciaries

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
... that complaints about Australian Fiduciaries can still be lodged with AFCA," ASIC said. Last year, ASIC started an investigation against Australian Fiduciaries on concerns around the inadequate management of conflicts of interest, the ways investors ...

ASIC seeks to wind up Capital Guard AU

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
ASIC is seeking to wind up fixed-income specialist Capital Guard AU amid "serious concerns" about its management and how it handled investor funds mounting to about $17.4 million. ASIC told the Supreme Court of New South Wales it seeks the appointment ...

First Mutual unregistered MIS wound up

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
... remaining assets and to have any available funds be identified and, where possible, returned to investors. ASIC's investigation found FMPE director Gregory Cotton and FMPE raised around $131 million from investors which was to be invested on the ...

Super funds fail customer service test: SCA

KARREN VERGARA  |  TUESDAY, 14 JUL 2026
... Superannuation funds are apathetic, dismissive and continue to fail members at the most basic service level, a new investigation from Super Consumers Australia (SCA) reveals, which slapped the industry with an overall failing grade on customer satisfaction. ...

KKR joins consortium to acquire ASX-listed Steadfast

RIDDHIMA TALWANI  |  TUESDAY, 14 JUL 2026
... Last year, Steadfast chief executive Robert Kelly stepped aside for two weeks on full pay to enable an external investigation after a workplace complaint made against him. The share price for the firm has fallen ever since falling from $6.20 from October ...

ASIC fines Deutsche Bank for 'systemic' reporting failures

KARREN VERGARA  |  MONDAY, 13 JUL 2026
... reflected deficiencies in Deutsche Bank's internal reporting framework." Deutsche Bank cooperated with ASIC's investigation and has paid the penalty. The bank is also implementing measures to prevent further reporting errors. Deutsche Bank did ...

Federal Court lifts Merhi's travel ban

KARREN VERGARA  |  MONDAY, 13 JUL 2026
... opposed Merhi's application. The court slapped the travel ban order on Merhi in July 2025 amid ASIC expanding its investigation into the former financial adviser, alleging he engaged in unconscionable conduct, failed to act in clients' best interests ...