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Showing 61 - 70 of 718 results for "Misconduct"

ASIC reports 50% jump in investigations in FY25

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
... schemes. "ASIC's priority is to investigate what has happened, which has revealed a complex structure and suspected misconduct by lead generators, financial advisers and others," he said. "Our focus is on undertaking targeted, strategic and proactive ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... unlawfully in Australia while unregistered for more than six years. ASIC deputy chair Sarah Court said: "This type of misconduct undermines trust and confidence in Australia's financial services." "Firms dealing in financial products have an obligation ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
... annually; "... funds should contribute to a universal protection mechanism ensuring no member is left destitute due to misconduct, negligence or fraud," it said. Appearing before a parliamentary committee this morning, ASIC chair Joe Longo said it could ...

ASIC sets sights on 140 advisers

ELIZA BAVIN  |  THURSDAY, 18 SEP 2025
... committee this morning that the regulator has identified around 140 financial advisers who were involved in super switching misconduct relating or similar to Shield and First Guardian. "We had a paper at the one of our commission meetings yesterday where ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal. The misconduct relates to five separate matters spanning the retail and institutional businesses. The lion's share of the civil penalty ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... principles fall by the wayside." The case was initiated in 2019 following revelations during the Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The Federal Court later ordered the consolidation ...

CSLR a 'shared responsibility' for all AFCA members: SMSFA

MATTHEW WAI  |  THURSDAY, 11 SEP 2025
... current CSLR's industry funding model that is predicated on direct industry culpability for instances or classes of misconduct," Burgess said. "In these circumstances, we believe the most effective way to quickly compensate eligible claimants is ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... its compliance obligations seriously. ETSL understands the deeply distressing circumstances for those affected by the misconduct of now banned financial advisers and allegedly fraudulent promoters, responsible entities and managers, and continue to provide ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
... services business. Trevillian was arrested on 20 July 2023 and subsequently sentenced to three years' imprisonment for misconduct in November last year, after pleading guilty to two counts of making false documents. Commenting, ASIC deputy chair ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... ASIC deputy chair Sarah Court said this action is the latest part of ongoing enforcement activity to clamp down on misconduct we consider exploits superannuation savings. "This type of conduct doesn't just undermine the integrity of the financial ...