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Showing 21 - 30 of 342 results for "Investigations"

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
... have been impacted by the Shield and First Guardian failure. However, when accounting for ASIC's other ongoing investigations, including the likes of Australian Fiduciaries and First Mutual Private Equity, he said: "I regret to inform the committee ...

ASIC sets sights on 140 advisers

ELIZA BAVIN  |  THURSDAY, 18 SEP 2025
... the process of looking at," Court said. "Twenty of those have already had court action, 50 of them are current investigations, and 70 more we have got on the list." Court said the decision to ban advisers and remove their AFSL is not something the regulator ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... honestly and fairly. "This is the first action against a superannuation trustee in relation to this complex set of investigations and we expect more cases to come," Court said. "Our first priority has been preserving assets for the benefit of investors ...

Former adviser back in Australia to face theft charges

JAMIE WILLIAMSON  |  MONDAY, 25 AUG 2025
... then fled to New Zealand, with the Federal Court making interim asset preservation orders against her in 2014 as investigations into where the money had gone kicked off. She voluntarily returned in 2015 for a hearing with ASIC at which she was permanently ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... ASIC is not a complaints resolution body, we use reports of misconduct to inform our surveillance activities and investigations that together drive our priorities to deliver compliance, enforcement and consumer outcomes," Longo said. Simultaneously ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... responding to the matters identified above will inform ASIC's response if we identify conduct of concern, commence investigations or take enforcement action." "While life insurance can provide valuable benefits to consumers, it is typically a complex ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege ...

Sequoia resumes trading after ASX query

ELIZA BAVIN  |  WEDNESDAY, 30 JUL 2025
... First Guardian Master Fund and their responsible entities." ASIC is investigating InterPrac as part of its ongoing investigations into the Shield and First Guardian funds as Venture Egg Financial Services and its principal Ferras Merhi were authorised ...

1MDB mastermind found in Shanghai with Aussie passport: Reports

JAMIE WILLIAMSON  |  MONDAY, 21 JUL 2025
... acquitted of the charges. This was in relation to funds that were taken from SRC International, a 1MDB subsidiary. Investigations into the 1MDB scandal are being conducted by both Malaysian and US authorities. The US Department of Justice has previously ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... AFSLs new reliefs to help them manage the reportable situations regime, which includes extending the length of investigations reportable from 30 days to 60 days. Also in the relief, ASIC is exempting the reporting of certain breaches in the misleading ...