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| | | ... 2020 and charged with dishonest conduct and misuse of his position as a director. The arrest came after ASIC took civil action to obtain interim orders to preserve the assets of Naseeruddin's companies. In October 2020, ASIC obtained orders to wind up ... |
| | | | ... data for the first case management hearing is yet to be scheduled by the court. ASIC has previously taken administrative action to protect consumers from high-risk CFD trading, not suited to their financial circumstances, including stop orders against ... |
| | | | ... and is therefore conflicted," he said. He added that Mayfair 101 was never afforded the opportunity to take corrective action in relation to its advertisements, as is typically the case with ASIC investigations. The case against Mawhinney and Mayfair ... |
| | | | ... Sometimes the advice firm will end up in liquidation and then "phoenix into something else". It is then reliant on ASIC to take action by way of withdrawing licences. "But even then, [advisers] can turn up elsewhere who have engaged in this sort of conduct. ... |
| | | | ... 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 to meet reasonable standards in managing cyber risks," he notes. And APRA regulations are now ... |
| | | | ... that, among other investors, targeted SMSF members. Sasha Hopkins, director of The A Team Property Group, is facing civil action for alleged unlicensed conduct and running several unregistered schemes. ASIC is alleging that Hopkins offered clients property ... |
| | | | ... announcement, the PRA stated that the fine imposed on the bank was its highest ever. Additionally, it was noted that this action also represented the first occurrence of an enforcement investigation exposing violations of four PRA Fundamental Rules. ... |
| | | | ... and it is crucial that SMSF auditors comply with their regulatory obligations," Press said. "ASIC will continue to take action where the conduct of SMSF auditors is inadequate." In November last year, ASIC commissioner Sean Hughes said the regulator ... |
| | | | IFM Investors has backed utilities and communications provider Smart Urban Properties Australia (SUPA), making a $50 million investment. The global fund manager said it entered into a binding agreement with SUPA Group, which provides dual energy infrastructure ... |
| | | | ... insufficient urgency. As more members approach retirement, trustees must step up and deliver both well-considered strategies and action to support members in retirement," Cole said. ASIC commissioner Danielle Press reminded super funds that helping members ... |
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