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Showing 51 - 60 of 439 results for "ASIC deputy chair"

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... sheets published in 2021 and 2022. Active Super and Vision Super merged on March 1, now home to 165,000 members. ASIC deputy chair Sarah Court said: "This is a significant penalty that sends a strong message to companies making sustainable investment ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... claims, ASIC noted. "At its heart, this matter is about protecting vulnerable Australians and their families," ASIC deputy chair Sarah Court said. "It is vital that death benefit claims are processed in a timely manner. Delays are likely to cause further ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... improve our services, so we provide members with the support and guidance they expect and deserve," he said. ASIC deputy chair Sarah Court said this penalty reflects the severity of the misconduct by Australia's largest superannuation fund which betrayed ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... watchdog also identified that Sanlam failed to implement a training program to assess representatives' skills. ASIC deputy chair Sarah Court said with the vast scale of its diverse cohort of authorised entities, Sanlam must have "robust compliance ...

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
... a Ponzi scheme, he did know that it didn't possess a financial services licence from about 24 June 2015. ASIC deputy chair Sarah Court said: "ASIC is committed to investigating people who engage in and profit from dishonest conduct. Mr Spina's ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... as margin forex trading to overseas customers under their AFS licence where such offerings are prohibited," ASIC deputy chair Sarah Court said. "The conduct of licensees providing services to overseas customers under their AFSLs has attracted considerable ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... was also required to make a target market determination under the Design and Distribution Obligations regime. ASIC deputy chair Sarah Court said Binance allegedly failed to ensure that the services it provided under its Australian financial services ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... declarations of contraventions, pecuniary penalties, adverse publicity orders, and costs from HSBC Australia. ASIC deputy chair Sarah Court said the bank had simply failed its customers. "We allege HSBC Australia compounded the problem by failing to ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
APRA deputy chair Margaret Cole and ASIC deputy chair Sarah Court have sent a letter to superannuation trustees reminding them of their obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... schemes, particularly where they are advised to set up self-managed superannuation funds to make the investment," ASIC deputy chair Sarah Court said. "Mr Hopkins and the A Team Property Group failed to hold a financial services licence and operated 11 ...