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Showing 41 - 50 of 732 results for "Misconduct"

Advisers need more support: FAAA submission

ANGELIQUE MINAS  |  THURSDAY, 5 FEB 2026
... on behalf of their clients, it said. "The FAAA remains supportive of a scheme to compensate the victims of financial misconduct, but the current CSLR is unsustainable and unfair on advisers who have done nothing wrong," Abood said. Lowering the ASIC ...

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
... warning to companies offering digital assets. "The size of these penalties underscores the seriousness of BPS Financial's misconduct and is intended to send a strong message of deterrence to the digital asset industry," he said. "Given the nature of ...

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
... from providing financial services or performing any function within a financial services business for six years due to misconduct, including failing to uphold key advice obligations when recommending clients to invest in the Global Capital Property Fund ...

Rodney Forrest handed prison sentence for $3m insider trading

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... Australian with a superannuation or investment account loses. "ASIC will continue cracking down on insider trading and other misconduct that damages market integrity," Longo said. "Australia is recognised globally for the integrity of its financial markets ...

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI  |  FRIDAY, 23 JAN 2026
... the court demonstrates the seriousness of the financial harm Torre caused his clients and sends a clear message that misconduct predicated on trust will not be tolerated." As a result of the conviction, Torre is automatically disqualified from managing ...

ASIC returns $40m of CFD losses

ELIZA BAVIN  |  TUESDAY, 20 JAN 2026
... offered," Constant said. "ASIC will continue to act decisively, and where appropriate, will take further action to address misconduct and reduce consumer harm." ASIC said CFDs are complex, leveraged, OTC products that can expose retail investors to significant ...

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI  |  MONDAY, 5 JAN 2026
... sharply refocused its hiring priorities around compliance, risk, and governance. ASIC's intensified scrutiny of 'misconduct on an industrial scale' has driven firms across superannuation and wealth management to strengthen internal oversight ...

ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
... to maintaining the integrity of our markets and enabling investors to make informed decisions," Court said. "Auditor misconduct continues to be a key enforcement priority for ASIC." Notably, BDO is also the auditor of the collapsed investment scheme ...

Adviser of MWL, UGC banned for seven years

MATTHEW WAI  |  MONDAY, 22 DEC 2025
... financial adviser Louis Van Coppenhagen has been banned from providing financial services for seven years over a series of misconduct when he was an authorised representative of MWL Financial Services (MWL) and United Global Capital (UGC). Van Coppenhagen ...

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... improve systems and controls," it said. ASIC said its action against MSAL is part of its broader body of work addressing misconduct and failures to comply with regulatory obligations by large Australian financial institutions. The penalty and orders ...