Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 333 results for "Watchdog"

Falcon Capital, First Guardian fund to be wound up

MATTHEW WAI  |  FRIDAY, 11 APR 2025
... processing the winding up and liquidation in March, to which, the court has acted swiftly in favour of the corporate watchdog. The Federal Court also appointed Paul Allen of PKF Melbourne as receiver to the property of Anderson. As a result, the entity ...

ASIC tiptoes around private markets intervention

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
ASIC chair Joe Longo is keeping all options open before the corporate watchdog is forced to intervene in the private markets, he told the Australian Council of Superannuation Investors (ACSI) this morning. Longo said ASIC is prepared to engage with ...

SQM places private credit sector on watch

MATTHEW WAI  |  FRIDAY, 21 MAR 2025
... announcement comes amid ASIC's increased scrutiny of private markets, particularly private credit where the corporate watchdog is paying heightened attention to. According to the Reserve Bank of Australia (RBA), the private credit sector amounts to about ...

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI  |  TUESDAY, 11 MAR 2025
... to "stop practices that lead to poor consumer outcomes and trust in the financial system." Subsequently, the corporate watchdog also introduced similar legislation to financial products in October 2021, opting to provide consumers greater control in ...

Auditors tighten fist on greenwashing

ROSE MARY PETRASS  |  TUESDAY, 28 JAN 2025
The global ethics watchdog has issued fresh directives on judging green claims, with the minutiae still in flux in Australia as mandatory reporting begins for large entities and financial firms. Part of a broad crackdown on greenwashing and ESG-related ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... online trading platforms and crypto-based investment products that posed great risks to retail clients. The corporate watchdog also identified that Sanlam failed to implement a training program to assess representatives' skills. ASIC deputy chair ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... investigate these suspicious transactions within the required timeframes between January 2020 and August 2024. The corporate watchdog also believes HSBC Australia failed to promptly reinstate victims' banking services in a timely manner; one account ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... Deloitte. ASIC stated it intends to find out where more than $100 million worth of client assets have gone. The market watchdog initially alleged the fund contained misleading statements, inadequate disclosure across its investments and was not as diversified ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
Regal Partners has been indicted by the South Korean securities watchdog after a former employee allegedly breached the country's tough short-selling rules. The Korean Prosecutor's Office issued an indictment against Regal and its former employee ...

GQG breaches SEC whistleblower protection laws

KARREN VERGARA  |  FRIDAY, 27 SEP 2024
... Exchange Commission (SEC) for violating whistleblower protection laws via the use of non-disclosure agreements (NDAs). The watchdog found NDAs the fund manager entered with 12 potential employees and a former one prohibited them from disclosing confidential ...