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Showing 51 - 60 of 2510 results for "Court"

WA director admits investor deception

VINNY VUCAGO  |  TUESDAY, 30 JUN 2026
... were told their funds would be invested in foreign exchange trading. Trent Bowden appeared before the Perth Magistrates Court on June 26 and pleaded guilty to three charges of dishonestly using his position as director of Trent Bowden Trading Pty Ltd ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... million penalty after it admitted to breaching the Reportable Situations Regime on several occasions, which the Federal Court found could have had the "potential to have a detrimental effect on members." ASIC has successfully held Mercer Super to account ...

ASIC sues three Keystone Asset Management directors

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... related entities without basic safeguards, exposing thousands of Australians to significant financial risk," ASIC chair Sarah Court said. "These proceedings are about holding those we allege to be involved to account and sending a clear message that ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
... losses arising from the collapse of First Guardian, which is currently the subject of ASIC's proceedings in the Federal Court. ASIC has put forth several allegations, starting with Diversa failing to conduct adequate due diligence before allowing its ...

ASIC charges developer over alleged $10m fraud

VINNY VUCAGO  |  TUESDAY, 23 JUN 2026
... disability accommodation projects, following an investigation by ASIC. McWilliams appeared before the Southport Magistrates Court on June 22, facing 13 criminal charges, including allegations he dishonestly used investor funds and caused detriment to ...

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial. Justices Derrington, Halley, and McEvoy were hearing ASIC's appeal against a previous ...

Equity Trustees opts out of super trustee business

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
... trustee services and trustee and wealth services businesses. ASIC recently commenced a second proceeding in the Federal Court against ETSL, alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First ...

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... million penalty after admitting to widespread and systemic failures in protecting customers from scams. Following a Federal Court hearing in Melbourne on June 18, Justice Bennett handed down the penalty and ordered HSBC to publish adverse publicity notices ...

Block Earner found to have offered an unlicensed financial product

MATTHEW WAI  |  THURSDAY, 18 JUN 2026
... to its fixed-yield digital asset-related product (Earner), which was previously not deemed a financial product. The High Court of Australia has unanimously found that Earner was, in fact, a financial product, and Block Earner consequently required an ...

ASIC secures record $300m penalty over 'egregious' CFD misconduct

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
The Federal Court has imposed record penalties totalling more than $300 million against collapsed contracts for difference (CFD) issuer Union Standard International Group and two of its former authorised representatives. ASIC described the court action ...