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Showing 311 - 320 of 1605 results for "Investigation"

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... legislative reporting timeframe." ASIC also introduced guidance on what constitutes a "similar" reportable situation, an "investigation trigger" and what is a "root cause". ASIC acting executive director of financial services and wealth Suneeta Sidhu ...

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
The Federal Court has ordered Ascent Investment and Coaching to be wound up following ASIC's investigation into a $149 million Ponzi scheme. ASIC froze the assets of Ascent and its director Michael Dunjey in late December 2021. Dunjey was also forced ...

Former Shaw and Partners adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... permanently banned by ASIC after it was determined he was not competent and likely to breach the law again. It followed an investigation that found he, among other things, accepted unlawful commissions and didn't disclose others. Brisbane-based Kristofer ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... aid solution has been formally charged with fraud by the US regulator over the company's sale, while a criminal investigation is also underway. In September 2021, JPMorgan Chase paid US$175 million for Frank, a platform that assisted college students ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
The corporate and securities watchdog has commenced an investigation into the ASX's botched CHESS replacement program. The ASX, its subsidiaries ASX Clear and ASX Settlement, and responsible directors and officers are under scrutiny for their role ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... they were only accessed for a short period of time. NGS Super said its network was shut down immediately and an investigation was commenced, alongside comprehensive cybersecurity protocols and enhanced network monitoring. Notably, it said that no money ...

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... personal circumstances of clients, including details of their health and medical history, ASIC said, after launching an investigation into Fong's conduct. "Had this information been disclosed by Fong Financial Planners, further medical assessments and ...

Former director hit with dishonesty charges

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... Reiwa-Capital director Russell Sandiford with dishonest conduct related to a financial product or service. Following an ASIC investigation into Sandiford and his company, Reiwa-Capital, the regulator alleged he obtained $459,489.70 from 79 clients. ASIC ...

Former director charged with fraud

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... Last year the regulator took civil action against McCabe which prevented him from leaving the country while the investigation was underway. The former director has been granted bail and will appear in court on 9 May 2023 for committal. This matter is ...

ASIC charges former investment company executives

ANDREW MCKEAN  |  MONDAY, 6 MAR 2023
... of Public Prosecutions is handling the prosecution of Benjamin Hornigold's former executives after ASIC's investigation. Elderfield's prosecution is scheduled for further mention in the Brisbane Magistrates Court on June 16. McAuliffe's ...