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Showing 41 - 50 of 2510 results for "Court"

Aussie Olympian's brother sentenced over crypto scam

RIDDHIMA TALWANI  |  THURSDAY, 23 JUL 2026
... immediately upon entering into a recognisance of $3000 requiring he be of good behaviour for 12 months. ASIC chair Sarah Court said: "Gunn ignored several clear warnings, including customer complaints made to Mormarkets' various Australian banks, that ...

FEATURE | Platforms | The investment supermarket

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... business model before they are onboarded. This is a clear breach of trust." ASIC currently also has cases in the Federal Court against Equity Trustees and Diversa Trustees, both trustees-for-hire, externally licensed companies appointed to act as trustee ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... difference (CFD) issuer Union Standard International Group and its former authorised representative was booked in June. The court ordered $156.7 million in penalties be paid by Union Standard, while $114.1 million in penalties was allocated to EuropeFX ...

ASIC cancels AFSL of Australian Fiduciaries

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
... managed investment schemes for the 2024 financial year and for the first half of FY25. ASIC in an application to the Federal Court was seeking to preserve the assets of the scheme and obtain a clearer picture of the financial position of the firm. Following ...

FAAA warns adviser levies could exceed $5k as ASIC costs climb

VINNY VUCAGO  |  FRIDAY, 17 JUL 2026
... the $24 million cost of enforcement was spent," the FAAA said. The association reiterated its longstanding position that court-imposed penalties secured through ASIC enforcement should be used to offset both the ASIC funding levy and CSLR costs, noting ...

ASIC seeks to wind up Capital Guard AU

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
... concerns" about its management and how it handled investor funds mounting to about $17.4 million. ASIC told the Supreme Court of New South Wales it seeks the appointment of an independent liquidator to take control of Capital Guard, investigate its affairs ...

First Mutual unregistered MIS wound up

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
... managed investment scheme (MIS), which allegedly gambled $80 million of investor money, has been wound up by the Federal Court. Justice Button approved ASIC's application to facilitate the orderly administration of any remaining assets and to have ...

Mercer Super chief executive steps down

RIDDHIMA TALWANI  |  WEDNESDAY, 15 JUL 2026
... senior leadership roles at the retail super fund. As the firm looks for a replacement, Mercer Pacific chief financial officer Court Haas has been appointed as interim chief executive of Mercer Super, effective August 13. Mercer owner Marsh Pacific's ...

Federal Court lifts Merhi's travel ban

KARREN VERGARA  |  MONDAY, 13 JUL 2026
Former financial adviser Ferras Merhi is now free to travel as the Federal Court lifted travel restraint orders imposed one year ago. Justice Moshinski lifted the Merhi's travel ban on July 9. The order stated the travel restraint handed down one year ...

First Guardian victims recoup 8% of $38m loan

KARREN VERGARA  |  FRIDAY, 3 JUL 2026
... unitholders about the settlement's commercial rationale on July 1. Also on this date, FTI Consulting applied to the Federal Court seeking approval for the amount detailed in the deed of settlement entered into with Western Subdivisions.