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Showing 31 - 40 of 683 results for "Proceedings"

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... believes the scale of total misreporting could be between 298 million and 1.5 billion short sales. ASIC lodged civil proceedings against MSAL in the NSW Supreme Court in May. MSAL has also admitted to incorrectly reporting regulatory data for more than ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... in May 2024 and has been working constructively with regulators since it became an area of focus leading up to the proceedings ASIC initially brought against Falcon Capital and in relation to First Guardian in February 2025." While it said it appreciates ...

Shield proposes to liquidate equities to pay investors

KARREN VERGARA  |  WEDNESDAY, 3 DEC 2025
... proofs of. ASIC commissioner Alan Kirkland told an industry event yesterday the regulator has 10 separate Federal Court proceedings against 18 defendants with more to come. This spans the entire value chain, from research houses and financial advisers ...

ASIC accuses ALAMMC Group directors of contempt

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
... Adapted Living Corp, which are all in liquidation. ASIC has filed an application seeking leave to commence contempt proceedings against McWilliams and Fullarton. In 2021, ASIC commenced an investigation into those entities after concerns were raised ...

Sequoia shares dive nearly 50%

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... a material effect" on its share price. This comes after the ASX questioned Sequoia about when it first knew of the proceedings, subsequently going into a trading pause and the impact it would have on its share price. The AFR published an article titled ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
... and the allegations were not reflective of "any new development". He reinforced the group's plan to defend the proceedings, saying it will do so "confidently and based on the facts". "At the same time, our responsibility is to pursue outcomes that ...

SQM vows to 'respectfully' defend ASIC case

MATTHEW WAI  |  TUESDAY, 18 NOV 2025
... statement overnight, SQM Research managing director Louis Christopher's said SQM "intends to respectfully defend the proceedings" brought by ASIC. The case marks the first time ASIC has acted against a research house. "SQM takes its regulatory obligations ...

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON  |  THURSDAY, 13 NOV 2025
... 3.5 star rating it had given First Guardian and the 3.75 stars it gave Shield. The regulator has also now commenced proceedings against SQM for its involvement. The licensee also failed to respond appropriately to the use of lead generators, namely Imperial ...

First Mutual Private Equity gambled $80m of investor funds: ASIC

ANGELIQUE MINAS  |  MONDAY, 3 NOV 2025
... was reported to ASIC in June 2024. FMPE has still not released an official statement regarding the accusations or proceedings. An additional court hearing is scheduled for December 2 of this year regarding ASIC's application to appoint receivers to the ...

Cbus agrees to pay $23.5m fine

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
... Federal Court on October 28 and is listed for hearing on November 13 for the court to approve. ASIC launched legal proceedings against Cbus over delays in the processing of insurance claims made by members in November 2024. Court documents filed by ASIC ...