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Showing 381 - 390 of 5588 results for "ASIC"

ASIC sets sights on 140 advisers

ELIZA BAVIN  |  THURSDAY, 18 SEP 2025
ASIC deputy commissioner Sarah Court told a parliamentary committee this morning that the regulator has identified around 140 financial advisers who were involved in super switching misconduct relating or similar to Shield and First Guardian. "We had ...

ASIC appoints new chair, deputy chair and members to MDP

RIDDHIMA TALWANI  |  WEDNESDAY, 17 SEP 2025
ASIC has appointed a new chair, deputy chair and three new members to its Market Disciplinary Panel (MDP), replacing five members who are set to retire. Victoria Weekes has been appointed chair of the MDP, taking over the reigns from Simon Gray after ...

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... faced harsh criticism from both the Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (ASIC) surrounding the CHESS replacement. In March the two entities wrote a damning open letter to the market operator to address ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
After being caned by ASIC for making beneficiaries wait for more than 90 days to receive a death benefit, Cbus is vowing to pay them faster. Where members have not nominated a beneficiary, Cbus said benefit payments will be paid to the surviving current ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... 10-year Australian bond futures around the time of pricing which placed undue downward price pressure on the bond price," ASIC said. "ANZ knew its trading could expose its client to significant risk of harm, but did not disclose to its client that ANZ ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
ASIC commissioner Simone Constant says that three years into the Retirement Income Covenant, things are "not where we'd hoped to be". Speaking at a FINSIA event on Friday, Constant said there is still room to improve the ways super trustees serve their ...

Court extends freezing orders on First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 12 SEP 2025
... Cotton, saying it believes investors' funds were used for gambling purposes. The orders were first made on August 15, with ASIC alleging $53 million of clients' funds, attained from March 2024 to July 2025 and intended for investment, may "have not ...

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
... required but Rushton appears to be the sole director of the entities in question. Dividends were apparently paid to Avenir, with ASIC finding that $600,000 paid to a luxury car dealership in Brisbane may have, in part, been transferred from Avenir. ASIC ...

Latest adviser exam sees 69% pass

MATTHEW WAI  |  MONDAY, 8 SEP 2025
ASIC has handed down the results for the 30th Financial Adviser Exam, held in August, with the pass rate once again falling under the 70% mark. The previous exam cycle in June saw the lowest pass rate in recent times at 66%. Although slightly improved ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... he said. Mawhinney added that he "successfully defeated the majority of the accusations levelled at him in the retrial of ASIC's flawed 2020 court action, including 57 out of 90 allegations of misleading or deceptive conduct." Prior to ASIC taking enforcement ...