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

Search Results

Showing 31 - 40 of 721 results for "Proceedings"

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... One Vue Wealth Services (OVWS), it received notices of a cross-claim from Diversa Trustees relating to ASIC's proceedings taking action against Diversa for its involvement in First Guardian. "The claims seek compensation from PAL, Powerwrap and OVWS ...

ASIC charges developer over alleged $10m fraud

VINNY VUCAGO  |  TUESDAY, 23 JUN 2026
... is being prosecuted by the Commonwealth Office of the Director of Public Prosecutions. Separate civil and contempt proceedings involving McWilliams, his wife Laura Fullarton and associated entities remain before the courts.

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
... the same term that was found to be liable to mislead the public was also found not to be unfair. ASIC began civil proceedings against HCF Life in May 2023 alleging that its insurance policies contained the unfair contract term and could mislead the public. ...

Equity Trustees opts out of super trustee business

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
... incur approximately $2.2 million in legal and advisory costs in the second half of FY26 in relation to ASIC legal proceedings concerning the Shield and First Guardian Master Funds. Total expenditure on the litigation proceedings is expected to be approximately ...

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... and reinforces the core responsibility of banks to protect their customers from scams." The regulator launched legal proceedings in late 2024, alleging the bank failed to have suitable controls in place to prevent and detect unauthorised payments and ...

Block Earner found to have offered an unlicensed financial product

MATTHEW WAI  |  THURSDAY, 18 JUN 2026
... if so, ensure they are appropriately licensed or authorised before distributing them." ASIC commenced civil penalty proceedings against Block Earner in November 2022 over concerns on investor protection, and although Block Earner was found to have provided ...

ASIC secures record $300m penalty over 'egregious' CFD misconduct

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
... losses will face serious consequences," she said. The penalty orders have been stayed until July 13 pending further proceedings.

ASX to pay $23m, admits misrepresentation over CHESS replacement

MATTHEW WAI  |  MONDAY, 15 JUN 2026
... settlement and subregister services in Release 2. Release 1 went live on 20 April 2026. ASIC commenced civil penalty proceedings in the Federal Court against ASX in August 2024, alleging it made the now admitted misleading statements. By admission, ASX ...

FCA pursues Neil Woodford again

KARREN VERGARA  |  THURSDAY, 11 JUN 2026
... advice via W4.0, his Dubai-based investment platform. The UK's corporate and financial watchdog commenced civil proceedings against Woodford and W4.0. The FCA alleges Woodford and W4.0 are "providing regulated investment advice and making financial ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... returned money to them, and we have made progress in that. We would absolutely like to do more." ASIC currently has 14 proceedings in the Federal Court against 26 defendants relating to these issues. This includes recent action against Equity Trustees ...