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Showing 31 - 40 of 333 results for "Watchdog"

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
The US securities watchdog fined Macquarie Asset Management (MAM) US$80 million after a subsidiary fudged the valuations of collateralised mortgage obligations (CMOs) within a fixed income strategy. Macquarie Investment Management Business Trust (MIMBT) ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... Fund. ASIC launched an investigation in February to halt new investment offers in Shield Master Fund, and the corporate watchdog simultaneously made interim stop orders on four product disclosure statements for the fund. It later applied to have its ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
... liability, and by doing so, CLSA is not taken to have contravened subsection 798H(1) of the Corporations Act. The corporate watchdog said that providing accurate regulatory data is a "core obligation" of market participants, in this case CLSA, for ASIC ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... gambling led by the late MP Peta Murphy. A total ban would place both media companies under more revenue strain. Media watchdog, the Australian Communications and Media Authority, found that $238 million was spent on gambling advertising last year. In ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
... has also been ordered to pay $1 million in penalties for being "knowingly concerned" in the contravention. The consumer watchdog launched legal action against the institution in December 2022, leading the Federal Court to confirm that DG Institute has ...

Former AMP advice lead sues The Australian

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... Regan claimed the article, which was published back in January this year, falsely implied he had misled the corporate watchdog during the Hayne Royal Commission into banking and financial services. According to the Statement of Claim - filed in the Federal ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
ASIC has appealed the Federal Court's decision to dismiss its proceedings against Finder Wallet. The corporate watchdog claimed that Finder Wallet provided unlicensed financial services, breached product disclosure requirements, and failed to comply ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... many competent investors' abilities to partake in investments they consider appropriate," the firm said. Corporate watchdog ASIC, meanwhile, is recommending raising the minimum net assets requirement from the existing $2.5 million to $5 million ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
... Finder Earn, which was marketed as making use of a cryptocurrency called "TrueAUD" (TAUD). In late 2022, the corporate watchdog commenced civil penalty proceedings against Finder Wallet for allegedly providing unlicensed financial services, breaching ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... April 30. The matter is being prosecuted by the Commonwealth Director of Public Prosecutions. Separately, the corporate watchdog acted against nine SMSF auditors in the last quarter of 2023. The actions included disqualification of five auditors - Stephen ...