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Showing 21 - 30 of 1674 results for "Breach"

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
Macquarie Investment Management breached the Corporations Act by failing to place the Shield Master Fund on a watch list, the Federal Court has found. Handing down findings today, Justice Wheelahan determined Macquarie should have placed the fun on ...

Sequoia advances InterPrac takeover talks

KARREN VERGARA  |  WEDNESDAY, 18 MAR 2026
Sequoia Financial Group said it is in "advanced discussions" with an unnamed buyer interested in taking over InterPrac Financial Planning. Updating shareholders on the future of InterPrac, Sequoia said "discussions remain incomplete and there can be ...

ASIC has 'strong appetite' to hold boards to account

ELIZA BAVIN  |  WEDNESDAY, 11 MAR 2026
... 2001. However, the court dismissed ASIC's case against seven former non-executive directors after finding they did not breach their duties. In a speech to the Australian Institute of Company Directors, Longo said while it is not the duty of a board ...

Interprac sues AFCA over Shield determination

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2026
Interprac Financial Planning has commenced Federal Court proceedings against the Australian Financial Complaints Authority (AFCA), believing it has not been treated fairly. Sequoia Financial Group, Interprac's parent company, said the case relates ...

Life insurer sanctioned for invalid access to customer information

MATTHEW WAI  |  TUESDAY, 3 MAR 2026
... wording as required under clause 4.10 of the Life Insurance Code. The insurer has received a formal warning as a result. The breach occurred after the insurer had temporarily moved staff from an area of the business that automatically obtained consent ...

UK influencers fined over promotion of unauthorised forex scheme

JAMIE WILLIAMSON  |  FRIDAY, 27 FEB 2026
... paid a total of $4300 to do so. Some of the posts achieved as many as 35,000 views. Goodger has previously been found to breach the UK's Advertising Standards Authority's code, for the irresponsible promotion of a weight loss supplement which allegedly ...

ASIC cancels AFSL of Qld securities dealer

MATTHEW WAI  |  MONDAY, 16 FEB 2026
... appointment of CARs. ASIC said the business failed to monitor the websites and marketing of CARs, and maintain compliance, breach and incident registers. Pulse Markets also failed to provide financial statements on separate occasions and failed to pay ...

ASIC imposes licence conditions on Cambridge Mercantile

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
ASIC has imposed additional conditions on the Australian financial services licence (AFSL) of Cambridge Mercantile's local branch, following ongoing compliance failures in its foreign exchange derivatives business. The Corpay subsidiary misclassified ...

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
Commonwealth Bank of Australia (CBA) released its half year results today, seeing profits rise to $5.4 billion. As part of is H1 report, the major bank gave an update on its ongoing superannuation and advice-related class actions. CBA said it still ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
... driver's licences, passports, bank accounts, and tax file numbers. The data was then released on the dark web. The breach occurred after a FIIG employee downloaded a.zip file containing malware while browsing the internet and went undetected by FIIG ...