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Showing 821 - 830 of 9003 results for "Regulator"

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
In its submission to the Treasury consultation on the Compensation Scheme of Last Resort (CSLR) Special Levy for 2025/26, the Financial Advice Association Australia (FAAA) said financial advisers should not be expected to pay more than the $20 million ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
ASIC has permanently banned former investment manager and director Brett Paul Trevillian for fabricating investment reports of his trading strategy 'The Gold Method'. Trevillian, who has been serving a three-year sentence by way of an intensive ...

Societe Generale fined $3.88m

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
Societe Generale (SocGen) has been fined $3.88 million by the Market Disciplinary Panel (MDP), following an ASIC investigation, for failing to prevent suspicious orders from being placed on the electricity and wheat futures market. ASIC said SocGen ...

Chalmers opens Investor Front Door pilot

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
The government has launched the pilot program for the Investor Front Door, which aims to make it quicker and easier for investors to back major projects. Treasurer Jim Chalmers said it is designed to improve the investment environment by streamlining ...

Former United Global Capital adviser banned

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025
... Petrovic provided Statements of Advice that were defective and therefore engaged in misleading and deceptive conduct. The regulator said Petrovic did not act in clients' best interests; did not provide appropriate advice; failed to prioritise clients' ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... clients, gave conflicted advice, and provided defective statements of advice whilst receiving millions of dollars". The regulator alleged he used marketing companies to push potential clients to his financial advice businesses, Venture Egg and Financial ...

Government scraps inquiry into advice firm failures, Dixon Advisory

JAMIE WILLIAMSON  |  FRIDAY, 29 AUG 2025
The government has dumped the inquiry into wealth management companies that would have dissected the collapse of firms like Dixon Advisory and the impact on the Compensation Scheme of Last Resort (CSLR). In September 2024, the government referred the ...

Australian Unity reveals profit turnaround

ELIZA BAVIN  |  FRIDAY, 29 AUG 2025
In the year to 30 June 2025, Australian Unity reported consolidated revenues of $2.6 billion, up $505.6 million. Adjusted EBITDA from continuing operations was $136.2 million, an increase of $65.8 million, and statutory profit after tax of $26.6 million ...

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
The AFSL of MWL Financial Services has been cancelled, while both its director and its compliance manager have copped bans after they allegedly helped funnel more than $150 million in investments into the Shield Master Fund. MWL recommended Shield to ...

ASIC proposes 'kill switches' for unusual trading

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
... futures markets about 94% in SPI 200 futures trading and 46% in three-year Treasury bond futures trading," the financial regulator said. "During periods of heightened volatility, financial markets may be especially vulnerable to risks from unexpected ...