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

Search Results

Showing 461 - 470 of 5596 results for "ASIC"

Former BBY chair charged with aiding dishonest conduct

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JUL 2025
... counselling or producing BBY's dishonest conduct, which has also led to charges against four other former BBY executives. ASIC alleges that in 2015, Rosewall was involved in BBY's use of $1.95 million of client money to pay an unrelated corporate invoice. ...

Funeral insurer fined $4.75m

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... offered its funeral expenses insurance policy Aboriginal Community Funeral Plan (ACF Plan) primarily to Aboriginal consumers, ASIC said. Both entities have been in liquidation since 2022. The $3.5 million penalty comes in addition to the $1.2 million ...

James Mawhinney contravened law: Federal Court

KARREN VERGARA  |  FRIDAY, 11 JUL 2025
In a win for ASIC, Mayfair 101 Group director James Mawhinney has been associated with or involved in contraventions of the law by his companies, the Federal Court determined. The contraventions concern the marketing of three products - the M+ Fixed ...

Northern Trust selected to test tokenised asset uses

ELIZA BAVIN  |  THURSDAY, 10 JUL 2025
... Cooperative Research Centre (DFCRC). The work is also supported by the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA), and the Australian Treasury. This project is one of the initiatives ...

Australia an 'efficient' market for multinationals

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... meeting sophisticated requirements. The report specifically pointed to the Australian Securities and Investments Commission (ASIC), which it said continues to modernise its registry system to improve data quality and accessibility. Other key characteristics ...

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
... have copped bans from the regulator. Matthew Simon Bradley has ceased working in financial services for eight years after ASIC found he advised certain clients to invest most of their superannuation into Shield Master Fund's High Growth class or the ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... conduct, committed by one of its representatives at Lighthouse Partners. Kiriley Roper was recently banned for 10 years by ASIC for charging fees for no service to the tune of more than $80,000. Roper was authorised by Crown Wealth Group when Moore was ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
ASIC has permanently banned financial adviser Barry David King of Melbourne following several years of misusing client funds and falsifying documents. King was found to have engaged in serious misconduct, including concealing information from clients ...

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
... only, in which there are 1991, will pay $16 million and pay a flat levy of $825. In budgeting the $39.3 billion FY25 levy, ASIC expects to allocate $17.2 million on enforcement activity and $5.6 million on supervision and surveillance. ASIC flagged it ...

CSLR releases revised levy estimate

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... numbers do not include any allowance for the impact of either Shield or First Guardian, although numerous announcements by ASIC suggest these are very substantial matters where financial advice complaints are likely. "This paints a picture of multiple ...