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Showing 351 - 360 of 8804 results for "Regulator"

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
The Federal Court has handed BPS Financial $14 million in pecuniary penalties over the way in which it promoted and operated its crypto product Qoin Wallet. According to ASIC, BPS Financial advertised the product as a non-cash payment facility linked ...

Aussie Olympian's brother pleads guilty for role in global scam

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
... repeatedly notified of suspicious activity or reports of fraud, with the accounts progressively closed." The financial regulator said that upon the closure of two Mormarkets bank accounts, between March and May 2020, Gunn received two bank cheques which ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... outside superannuation, meaning constrained supervision and potential heightened risks for investors," ASIC said. The regulator said it will continue to crackdown on high-pressure sales tactics and inappropriate financial advice that can lead to consumers ...

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
A former United Global Capital (UGC) financial adviser has had his banning order shrunk by half after a successful appeal to the Administrative Review Tribunal. Milutin Petrovic was banned from providing financial services or performing any function ...

Federated Hermes expands Asia presence

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
Federated Hermes has announced its plans to open shop in Hong Kong to capitalise on Asia's "rapidly growing" wealth market. The announcement follows the appointment of its global fixed income chief investment officer earlier this month to succeed Robert ...

'No benefit in switching super': AFCA finalises FSGA lead decision

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
The Australian Financial Complaints Authority (AFCA) has determined inappropriate advice provided by Financial Services Group Australia (FSGA) led to one client's $200,000 financial loss. In December, AFCA said it received more than 1800 complainants ...

Openmarkets to merge, list on Nasdaq

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
Trading and wealth management technology provider Openmarkets has entered a plan to merge with Lake Superior Acquisition Corp - a publicly traded special purpose acquisition company (SPAC). Upon completion of the merger, the newly combined entity will ...

Rodney Forrest handed prison sentence for $3m insider trading

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... $309,571.84. ASIC chair Joe Longo said the prosecution of insider trading was an enduring priority for the financial regulator. "Mr Forrest's actions were a brazen breach of trust and exploitation, and his imprisonment... reflects the seriousness ...

EQT to acquire Coller Capital to form new secondaries platform

MATTHEW WAI  |  FRIDAY, 23 JAN 2026
EQT is entering the secondaries market with the acquisition of Coller Capital. EQT will acquire 100% of the Coller Capital management company, the Coller Capital general partner entities which control the Coller Capital funds, and 10% of carried interest ...

bfinance names new managing director, insurance lead

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
bfinance has announced the appointment of Ravi Rastogi in the newly created senior leadership role of managing director and global head of insurance. He will be based in the firm's London office. The investment consultancy firm said the shift underscores ...