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Showing 21 - 30 of 721 results for "Proceedings"

ASX profits slump as ASIC inquiry costs bite

ELIZA BAVIN  |  THURSDAY, 13 AUG 2026
... million, including $51.1 million associated with the penalty and legal costs associated with the settlement of ASIC legal proceedings. Other drivers of total expenses included the design and ongoing implementation of the Accelerate program; additional ...

ASX shareholder looks to sue directors, officers over CHESS

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2026
... Corporations Act 2001 (Cth) against certain former officers and directors of ASX, whereby Rosherville would commence proceedings on behalf of ASX," it said. Rosherville alleges the identified former officers and directors breached their directors' duties ...

Former director jailed for misuse of $1.75m

VINNY VUCAGO  |  TUESDAY, 11 AUG 2026
... exceeding $1 million and clients awaiting refunds totalling about $11.3 million. One client had also commenced legal proceedings to recover a $3 million investment. Equitable Financial Solutions was subsequently placed into liquidation on 26 November ...

Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings

KARREN VERGARA  |  WEDNESDAY, 5 AUG 2026
With ASIC withdrawing legal proceedings against Sequoia Financial Group after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale of InterPrac Financial Planning, the group remains coy about the deal with Conquest ...

ASIC sues First Guardian-linked auditors

KARREN VERGARA  |  FRIDAY, 31 JUL 2026
ASIC has commenced proceedings against Auditeo Australia and two auditors for their involvement in the First Guardian Master Fund failure. ASIC alleges that unqualified audit reports on First Guardian and its compliance plan for the 2020 to 2024 financial ...

Pengana threatens legal action against PIA

KARREN VERGARA  |  TUESDAY, 28 JUL 2026
... itself after it received a letter from Corrs Chambers Westgarth advising Pengana instructed it "to commence court proceedings and that court documents will follow once filed." Results from the extraordinary general meeting (EGM) yesterday showed 65% ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... analysis of the FOI data found the case count has not moved, yet the penalties have. The regulator lodged 29 civil proceedings in the 10 months to April 2026, roughly in line with the 33-per-year average across the previous decade. What has changed is ...

Another MWL adviser banned over Shield collapse

RIDDHIMA TALWANI  |  THURSDAY, 16 JUL 2026
... advisers who have been banned by ASIC in regard to advice provided in relation to Shield. ASIC has also commenced proceedings against MWL, former director Nicholas Maikousis and Imperial Capital Group over alleged Shield advice failures.

ASIC sues three Keystone Asset Management directors

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... safeguards, exposing thousands of Australians to significant financial risk," ASIC chair Sarah Court said. "These proceedings are about holding those we allege to be involved to account and sending a clear message that directors operating schemes of ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
... responsible for member losses arising from the collapse of First Guardian, which is currently the subject of ASIC's proceedings in the Federal Court. ASIC has put forth several allegations, starting with Diversa failing to conduct adequate due diligence ...