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Showing 571 - 580 of 1607 results for "Investigation"

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... identity theft. Speaking to Sky News this morning, Sukkar emphasised that the ATO has not been compromised and said the investigation is around one confirmed case of identity theft. "It has been referred to the AFP, a case of identity theft essentially ...

AFSL pleads guilty to mishandling client money

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... guilty at the Downing Centre Local Court in Sydney to mishandling client monies after ASIC laid charges following an investigation. Pershing now faces a sentencing on June 27. "PSAL is the first company in Australia to face criminal prosecution for breaching ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... reaffirmed that its systems have not been compromised and said it is working with the AFP. "The matter is currently under investigation by the AFP and for operational reasons we are unable to comment further at this stage," it said. Over a billion dollars ...

Curtains fall for two financial services companies

ALLY SELBY  |  MONDAY, 27 APR 2020
The Federal Court of Australia has ordered two financial services companies to be wound up, with McGrathNicol appointed as the liquidator of both firms. ASIC applied to have both Audrn Group and Optima Lending Solutions wound up earlier this year, with ...

Former ASIC lawyer joins private firm

ELIZA BAVIN  |  MONDAY, 20 APR 2020
A former senior manager at ASIC has taken on a new role in the financial services regulatory practice of a well-known Australian law firm. Herbert Smith Freehills announced Lesley Symons had been appointed as an executive counsel in its financial services ...

Former Wallaby banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 APR 2020
... Administrative Appeals Tribunal upholding ASIC's action. Poidevin was banned along with Damien Rodr following an investigation into trading in shares of DirectMoney in 2015. Rodr was a trader at Bell Potter and Poidevin was Bell Potter's managing ...

ASIC winds up three financial services companies

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
ASIC has announced it recently obtained wind up orders for three financial services companies, including two financial advice businesses. The Federal Court of Australia in Melbourne handed down the orders to wind up Australasia Wealth Services and Management ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... Storm (and particularly retail investors exhibiting the five characteristics of vulnerability)... consideration and investigation of the subject matter of the advice to be given to them (and given to them) as was reasonable in all of the circumstances ...

Former AMP adviser sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... and grossly betrayed his clients." Martin was permanently banned by ASIC in 2018. The ban came about after an ASIC investigation found that not only had Martin misappropriated client funds but he had falsified documents purporting to show that he had ...

Whistleblowers rewarded US $570k

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... substantially higher amount for one whistleblower reflects the importance of providing information earlier in the investigation. Just a few days earlier, another whistleblower was awarded US $1.6 million for information that tipped the SEC off to a significant ...