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Showing 61 - 70 of 3700 results for "Order"

Adviser of MWL, UGC banned for seven years

MATTHEW WAI | MONDAY, 22 DEC 2025

... Coppenhagen is not a fit and proper person, is not competent, and is likely to contravene financial services law. The banning order took effect from 16 December 2025. Van Coppenhagen's ban has been recorded on the Banned and Disqualified Register. He ...

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI | FRIDAY, 19 DEC 2025

The Federal Court has ordered licensee RM Capital to pay a $575,000 penalty and its authorised representative SMSF Club to pay $350,000 over conflicted remuneration breaches. The penalties follow ASIC succeeding in its case against RM Capital in 2024 ...

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI | FRIDAY, 19 DEC 2025

Macquarie Securities (Australia) Limited (MSAL), the broking arm of Macquarie Group, has admitted to misreporting millions of short sales over several years and has agreed with ASIC to pay a $35 million fine. MSAL has admitted it failed to correctly ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON | THURSDAY, 18 DEC 2025

After admitting it didn't sufficiently assess the First Guardian Master Fund before making it available to super members, Netwealth is being sued by ASIC and will repay $101 million to victims. More than 1000 investors had their money in the First ...

Receivers appointed to First Mutual Private Equity

MATTHEW WAI | THURSDAY, 18 DEC 2025

The Federal Court has appointed receivers for the assets of First Mutual Private Equity (FMPE) and its sole director Gregory Raymond Cotton over allegations investor funds were gambled. Robert Woods and Salvatore Algeri of Deloitte SRT have been appointed ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA | TUESDAY, 16 DEC 2025

... an AFCA determination two months prior to it folding. "This will be recognised as a non-operating expense in 1HFY26. In order to mitigate any potentially similar legacy exposures, the group has implemented enhanced risk management, compliance monitoring ...

Mulino looks to reform CSLR

ELIZA BAVIN | THURSDAY, 11 DEC 2025

... appropriate consumer protection," Mulino said. "It's also a reflection of the fact that we need to allocate that broadly in order that it's not overly burdensome on any particular sub-sector." Mulino said during the roundtable, possible reforms ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA | WEDNESDAY, 10 DEC 2025

Diversa Trustees said it will be "vigorously defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent." ASIC has ...

ASIC takes action on Spice Capital Partners, founder

KARREN VERGARA | WEDNESDAY, 10 DEC 2025

... ASIC said his conduct contributed to the companies' failures and that a disqualification is justified. It is seeking an order from the Federal Court to disqualify Catsoulis from managing corporations.

ASIC sues Diversa for First Guardian failures

KARREN VERGARA | TUESDAY, 9 DEC 2025

ASIC is suing Diversa Trustees for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. In the Federal Court, ASIC put forth several allegations, starting with Diversa failing to conduct adequate ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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