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Showing 51 - 60 of 564 results for "Proceedings"

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... was found to have failed its cybersecurity obligations, Jacobson says regulatory expectations are ramping up. "The proceedings against RI Advice are of interest because they show ASIC's appetite to take enforcement action against companies that fail ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... coordinated effort also involved action by the Swiss Financial Market Supervisory Authority (FINMA). During its enforcement proceedings, FINMA found Credit Suisse had seriously and systematically violated financial market law in the context of its business ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... is the second time the market regulator has acted against Vanguard over greenwashing. ASIC has lodged civil penalty proceedings in federal court, alleging Vanguard "made false and misleading statements and engaged in conduct liable to mislead the public ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... FTX Trading, West Real Shires Services (trading as FTX US) and other affiliated companies also commenced voluntary proceedings under Chapter 11 of the US Bankruptcy Code. FTX Trading became the ultimate holding company of FTX Australia on 23 September ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... admissions of liability or wrongdoing," CFS said. It's the second settlement reached by the law firm in class action proceedings related to the Royal Commission. Slater and Gordon is still pursuing Commonwealth Bank and CFS over another class action ...

Former Big Un executive smacked with insider trading charge

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... matter has been listed for mention at the Downing Centre Local Court on July 25. In February, ASIC commenced legal proceedings against former Big Un chief executive Richard Evertz. He stands accused of providing inside information to Michael Ho, a former ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
... offences, is alleged to have fabricated evidence related to Berndale funds in overseas bank accounts in Federal Court proceedings. D'Amore and Kirby are also alleged to have made a false statement or submitted false or misleading documents to ASIC ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
The regulator has started civil proceedings in the Federal Court against the insurer after alleging it issued three types of insurance policies containing unfair and misleading contract terms. ASIC said the case involves standard form contracts issued ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... suitable products on an ongoing basis. "We won't hesitate to take further action, from stop orders through to court proceedings, especially where we see egregious failures," Chester said. "We have already commenced civil penalty proceedings for alleged ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
... Separately, the Federal Court of Western Australia has scheduled a trial to commence December 4 in the defamation proceedings brought by Mawhinney against ASIC and deputy chair Sarah Court. He claims ASIC has blamed him for $211 million in losses when ...