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Showing 41 - 50 of 350 results for "Investigations"

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
... time, Colisa traded as Anmar Financial Consultants, of which Pearson was sole director. At the time, ASIC said investigations into Pearson were ongoing. Since, it's been revealed that between 2009 and 2013 she is alleged to have stolen more than ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... jurisdictions. The company's Australian entity was placed into court-ordered liquidation in February last year after ASIC investigations found a significant shortfall in client assets. Court-appointed receivers later identified an estimated US$11.2 million ...

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... Shield Master Fund remain stopped pending the court's determination of the proceeding which is ongoing. As our investigations and the proceedings are ongoing, we are unable to confirm the timing and quantum of funds available to investors. We expect ...

ASIC asks for input on reportable situations, IDR dashboards

JAMIE WILLIAMSON  |  THURSDAY, 10 APR 2025
... found licensees were generally slow to report to ASIC because they were slow to identify breaches and commence investigations. It also found deficiencies in licensees' incident management, namely how they identified, escalated, and recorded incidents. ...

Breaches continue as Cbus confirms 'unusual behaviour'

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
... attack impacting several other super funds. It is not clear if the incident is related to the other attacks and investigations are continuing." Cbus said it is constantly monitoring for threats and warned some members may experience intermittent issues ...

Cybercriminals attack major super funds

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
... executive Vicki Doyle said the fund responded immediately by shutting down the member access portal, undertaking investigations, and launching its cyber security incident response protocol. Nevertheless, she said this will be "very concerning" for impacted ...

Falcon Capital, First Guardian Master Fund set for liquidation

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... Ferras Merhi, the principal and financial adviser of Venture Egg Financial Services, for his connection with its investigations concerning certain managed investment schemes, including First Guardian. Venture Egg is an authorised representative of Sequoia ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Senator Andrew Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... licensees were generally slow to report breaches, with delays driven by the time it took to identify problems and begin investigations. This was happening because of deficiencies in incident management, particularly how licensees identified, escalated ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... of industry failures. Rest's mishandling comes as other major superannuation funds have been caught up in ASIC investigations and legal action for stalling on death benefit payouts. The industry fund, which has over two million members, wrote to impacted ...