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Showing 371 - 380 of 1640 results for "Investigation"

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
... February 2017. Statewide Super terminated both executives' employment in January 2020 following an internal investigation. The fund subsequently reported this conduct to ASIC. Eastwood and Netting appeared before the Court on December 9, charged ...

ASIC commences proceedings over failure to comply

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... ASIC Act. ASIC said it previously served a notice to produce documents on Provide Capital as part of an ongoing investigation. ASIC has alleged Provide Capital failed to produce documents as required by the notice without reasonable excuse. The regulator ...

ASIC accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
... representatives failed to provide Statements of Advice (SoA) to clients as required by the Corporations Act. The investigation identified the firm and its authorised representatives failed to provide SoAs to clients at least 24 times during the 2016-2017 ...

Another ban for Sirius Financial

CHLOE WALKER  |  THURSDAY, 3 NOV 2022
... over-the-counter derivatives provider Sirius Financial, Mark Bringans, for eight years. Bringan's banning follows an ASIC investigation into the firm, which agreed to wind down its retail and wholesale operations and surrender its licence in July. The ...

Breach reporting improvements needed: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
... breaches, ASIC said 18% of the reports it received saw the licensee take more than a year to identify and commence an investigation. Further, 5% of reports indicated it took or was expected to take more than a year for an investigation to complete. In ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... during the Global Financial Crisis. It was determined that the six representatives did not conduct a reasonable investigation of the clients' circumstances before providing the advice. In some cases, the poor advice resulted in the clients' SMSFs being ...

ASIC bans Sterling & Freeman director

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
... involved in business practices that were fraudulent, misleading or otherwise improper. This banning followed an investigation by ASIC into Saman's conduct concerning two home loan applications that he submitted to Auswide Bank for a family member and ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
An ASIC review of individual disability income insurance claims has determined that more work is needed by insurers to ensure customers are protected from unfair practices. ASIC has longstanding concerns about the potential consumer harm resulting from ...

Perth Mint faces AUSTRAC probe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
The Perth Mint is the subject of an AUSTRAC investigation into compliance with anti-money laundering laws. The financial crimes regulator has ordered the appointment of an external auditor to Gold Corporation, which trades as The Perth Mint, to assess ...

Unlicensed forex trader extradited from Poland

CHLOE WALKER  |  FRIDAY, 19 AUG 2022
... Magistrates Court charged with eight counts of fraud, after being extradited from Poland and arrested following an ASIC investigation. The corporate regulator alleges that between May 2016 and November 2017, Ali dishonestly used funds provided to him ...