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Showing 401 - 410 of 5596 results for "ASIC"

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 ...

ASIC, APRA outline regulatory reform opportunities

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have outlined opportunities for regulatory reform in letters sent to Treasurer Jim Chalmers and Finance Minister Katy Gallagher. APRA ...

ASIC culls red tape, sets sights on more

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
ASIC has culled more than 9240 pages of regulation since the start of the year and is calling for more ideas for regulatory simplification. A new report, aptly named Regulatory Simplification, seeks input on a range of initiatives aimed at making regulation ...

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
... Authority be required to contribute. It added that the CSLR needs to be treated as a genuine scheme of last resort, meaning ASIC and other regulators must act faster and more effectively against entities and other parties to minimise losses where they're ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
ASIC has permanently banned former investment manager and director Brett Paul Trevillian for fabricating investment reports of his trading strategy 'The Gold Method'. Trevillian, who has been serving a three-year sentence by way of an intensive ...

Societe Generale fined $3.88m

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
Societe Generale (SocGen) has been fined $3.88 million by the Market Disciplinary Panel (MDP), following an ASIC investigation, for failing to prevent suspicious orders from being placed on the electricity and wheat futures market. ASIC said SocGen ...

Former United Global Capital adviser banned

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025
Former United Global Capital (UGC) adviser Milutin Petrovic is banned for six years after ASIC found he failed key advice obligations when recommending clients invest their retirement savings into the Global Capital Property Fund Limited (GCPF). Petrovic ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
ASIC has heaped more allegations against former financial adviser Ferras Merhi, claiming he engaged in "unconscionable conduct" related to the First Guardian Master Fund and Shield Master Fund that has put more than $520 million on the line. ASIC said ...

Real estate private credit market tips towards $153bn

MATTHEW WAI  |  MONDAY, 1 SEP 2025
... by a "stabilising" inflation outlook, tighter labour data, and the ongoing inbound migration. Additionally, it noted that ASIC is supportive of private credit for various reasons and is working closely with industry players to establish best practices ...