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Showing 31 - 40 of 718 results for "Misconduct"

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI | FRIDAY, 23 JAN 2026

... the court demonstrates the seriousness of the financial harm Torre caused his clients and sends a clear message that misconduct predicated on trust will not be tolerated." As a result of the conviction, Torre is automatically disqualified from managing ...

ASIC returns $40m of CFD losses

ELIZA BAVIN | TUESDAY, 20 JAN 2026

... offered," Constant said. "ASIC will continue to act decisively, and where appropriate, will take further action to address misconduct and reduce consumer harm." ASIC said CFDs are complex, leveraged, OTC products that can expose retail investors to significant ...

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI | MONDAY, 5 JAN 2026

... sharply refocused its hiring priorities around compliance, risk, and governance. ASIC's intensified scrutiny of 'misconduct on an industrial scale' has driven firms across superannuation and wealth management to strengthen internal oversight ...

ASIC sues BDO Audit for misleading statements

MATTHEW WAI | MONDAY, 5 JAN 2026

... to maintaining the integrity of our markets and enabling investors to make informed decisions," Court said. "Auditor misconduct continues to be a key enforcement priority for ASIC." Notably, BDO is also the auditor of the collapsed investment scheme ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI | MONDAY, 22 DEC 2025

... financial adviser Louis Van Coppenhagen has been banned from providing financial services for seven years over a series of misconduct when he was an authorised representative of MWL Financial Services (MWL) and United Global Capital (UGC). Van Coppenhagen ...

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI | FRIDAY, 19 DEC 2025

... improve systems and controls," it said. ASIC said its action against MSAL is part of its broader body of work addressing misconduct and failures to comply with regulatory obligations by large Australian financial institutions. The penalty and orders ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON | THURSDAY, 18 DEC 2025

... available on their choice platforms. "ASIC now has 12 cases underway against 20 defendants and is continuing to investigate misconduct relating to Shield and First Guardian to hold those involved to account." APRA has also accepted a court enforceable ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN | THURSDAY, 18 DEC 2025

... Australians, already feeling squeezed by cost-of-living pressures, to help plug a hole in the CSLR due to financial misconduct from others in high-risk products," SMC said. In addition, the government is expecting to pull in additional revenue from major ...

ASIC welcomes support for simplifying guidance on conflicts of interest

MATTHEW WAI | TUESDAY, 16 DEC 2025

... arrangements" and "tailored conflict management" strategies in place. Conflicts of interest remain a significant source for misconduct, as well as consumer, investor and economic harm within the financial services sector, ASIC said. Under section 912A(1)(aa) ...

Mulino looks to reform CSLR

ELIZA BAVIN | THURSDAY, 11 DEC 2025

... sector to help foot the multi-million-dollar CSLR bill. It said the CSLR was created to compensate victims of financial misconduct as a last resort after all other options to recover money had been exhausted, with a key design principle being that parts ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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