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Showing 391 - 400 of 5594 results for "ASIC"

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 ...

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... investors. "Today's guilty verdicts mark the end of a sorry chapter that many of Marco's investors would rather forget," ASIC deputy chair Sarah Court said. "This result delivers justice to investors who Marco defrauded and speaks to ASIC's painstaking ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
ASIC is persevering in its crusade against Block Earner with the Federal Court granting a special leave to appeal an April decision that found that an AFSL was not necessary to offer a fixed-yield digital asset-related product. ASIC said its appeal ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... Financial Services and its principal Ferras Merhi, and Reilly Financial were authorised representatives of InterPrac. Last week, ASIC added allegations against Merhi, claiming he engaged in "unconscionable conduct". In releasing its 2025 financial report ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... (ETS) has carefully considered ASIC's Statement of Claim and is "determined that it intends to defend the allegations." ASIC alleges that ETS failed to exercise the same degree of care, skill and diligence as a prudent superannuation trustee would ...