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Showing 41 - 50 of 921 results for "Failing"

K2 AM to close small cap ETF

KARREN VERGARA  |  MONDAY, 20 APR 2026
K2 Asset Management (KAM) is shutting its small cap ETF for failing to achieve sufficient scale after nearly 11 years. The K2 Australian Small Cap Hedge Fund Complex ETF (ASX: KSM) is winding down with the last trading day set for May 15. Incepted on ...

Former Big Un chief pleads guilty to insider trading

RIDDHIMA TALWANI  |  FRIDAY, 10 APR 2026
... of inside information. ASIC has also taken action against Big Un's auditor Graham Rothesay Swan, who was convicted for failing to conduct the 2017 audit of the firm in compliance with auditing standards. Former investment analyst Michael Ming Jinn Ho ...

Concerns raised over super switching consultation

ELIZA BAVIN  |  FRIDAY, 10 APR 2026
... consultation focuses on "the 'switch' as the point of failure" while ignoring a "massive 'user journey' debt created by failing service levels, legacy data matching at the ATO, and a government-mandated performance test that is effectively ordering 12,400 ...

ASX is 'compromised' and 'lacks aspiration': Final report

ELIZA BAVIN  |  THURSDAY, 2 APR 2026
The ASX Inquiry Panel has released a damning final report into the ASX, focusing on governance, capability and risk management frameworks and practices across the group. The panel conducted more than 140 stakeholder interviews, reviewed submissions ...

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... statement. FIMS, as the responsible entity (RE) of the DSAF, also contravened section 601FC(1)(b) of the Corporations Act by failing to discharge its duties to act with the care and diligence that a reasonable person would exercise if they were a RE ...

Super funds must protect members, says Kirkland

MATTHEW WAI  |  FRIDAY, 27 MAR 2026
... collectively to around 4000 members. A court ruling last Friday determined that Macquarie breached the Corporations Act by failing to place Shield on a watch list. However, ASIC did not seek a penalty against Macquarie due to the exceptional circumstances ...

Adviser reprimanded over clients' loss of cover

JAMIE WILLIAMSON  |  THURSDAY, 26 MAR 2026
... provided poor advice in August 2023. The adviser recommended two clients rollover their super balances to a new plan, failing to identify that death and TPD was funded through their super funds. As a result, the clients forfeited their cover. The error ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... due diligence by giving a "favourable" rating to Shield. Macquarie was most recently admonished by the Federal Court for failing to put Shield on a watchlist. "You should have processes in place that allow you to identify practices that may result in ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
Macquarie Investment Management breached the Corporations Act by failing to place the Shield Master Fund on a watch list, the Federal Court has found. Handing down findings today, Justice Wheelahan determined Macquarie should have placed the fun on ...

MIS review ignores key issues: FAAA

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
Treasury's fresh review into managed investment schemes (MISs) falls short of addressing critical issues that could prevent another Shield Master Fund and First Guardian Master Fund disaster, the Financial Advice Association Australia (FAAA) says. ...