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Showing 61 - 70 of 732 results for "Misconduct"

Magellan global equities lead exits amid investigation

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
... November 17, Morningstar said the group is exposed to several ESG risks, "such as data breaches, conflicts of interest or misconduct that could result in loss of customer trust, regulatory actions or litigations". "We don't believe these are material ...

SMC makes recommendations to safeguard super

ELIZA BAVIN  |  MONDAY, 17 NOV 2025
... action against those involved in the collapses of Shield and First Guardian. ASIC deputy chair Sarah Court said the misconduct was on an "industrial scale." SMC said the First Guardian and Shield collapses laid bare what's at stake when Australians are ...

ASIC acts against MWL, its director and lead generator

ANGELIQUE MINAS  |  THURSDAY, 13 NOV 2025
... 10 years. ASIC deputy chair Sarah Court said the superannuation of many Australians was put at risk by the alleged misconduct. "ASIC will seek to allege that MWL and Imperial were involved in a project which resulted in the superannuation of hundreds ...

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
... quality of their SMSF establishment advice, identify circumstances where an SMSF should not be recommended and detect misconduct." The report lays out eight action points for advisers and four action points for licensees. This includes ASIC warning advisers ...

ASIC considers 'cooling off period' for super switching

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
... into that. We don't do it on the same day. And unfortunately, because of the industrialisation of the approach to this misconduct, a lot of Australians were talked into moving their super on the same day or the next day. It's pretty bad."

Chris Marco sentenced to prison over $34m fraud

MATTHEW WAI  |  FRIDAY, 31 OCT 2025
... and the impact it had on investors. "The fraudulent conduct of Marco was deliberate, well executed and sustained. His misconduct relied on building and maintaining trust with clients over long periods of time. Marco significantly breached this relationship ...

ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
... will, however, continue to act against egregious conduct where it sees significant consumer harm or widespread systemic misconduct. Meanwhile, AFCA welcomes the updated guidance that clarifies how existing laws apply to digital assets. Until now, cryptocurrency ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... staffer from working in the financial services industry for showing incompetence in addressing fees-for-no-service (FFNS) misconduct. Brendan Rodwell, who was the director of Crown Wealth Group, was officially banned on October 23 for two years. ASIC ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... on the financial position, solvency and likely returns to creditors of the two businesses, as well as any suspected misconduct by officers. The latest interim injunctions form part of ASIC's ongoing investigations into the Shield Master Fund and ...

UGC auditor 'comprehensively failed', registration stripped

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... strikes at the heart of two of ASIC's enforcement priorities for 2025 - exploiting superannuation savings and auditor misconduct. Auditors are critical gatekeepers, and when they fail in their duties, the consequences for investors can be severe," ASIC ...