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Showing 71 - 80 of 439 results for "ASIC deputy chair"

ASIC project foils scammers' operations

MATTHEW WAI  |  MONDAY, 19 AUG 2024
... category, has resulted in losses of $256 million. Each day, an average of 20 scam websites are removed, ASIC said. ASIC deputy chair Sarah Court said that despite the organisation's best efforts to eradicate the risk, scammers still pull billions of ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... The matter was prosecuted by the Commonwealth Director of Public Prosecutions following ASIC's referral. ASIC deputy chair Sarah Court said: "Providing unlicensed financial advice denies Australian investors access to key protections and undermines ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... exposed to the risk they might obtain a financial product that was not appropriate to their needs and objectives," ASIC deputy chair Sarah Court said. "This should act as a deterrent to anyone engaged in cross-selling financial products who fails to ...

Ascot Securities hit with infringement notice for 'serious failures'

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... there were significant deficiencies in Ascot's compliance with these requirements over a significant period," ASIC deputy chair Sarah Court said. The MDP deemed Ascot's entry of and failure to report suspicious orders as serious, attributing it to a ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... which is why tackling manipulation in energy and commodities derivatives markets has been an ASIC priority," ASIC deputy chair Sarah Court said. "Farmers use these contracts to manage wheat price fluctuations which can affect what Australians pay at ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... Bobbob, which also offered crypto-asset related products that it considered to be financial products. At the time, ASIC deputy chair Sarah Court said that offering a crypto-asset related product doesn't necessarily mean it falls outside the current regulatory ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... Combined Cycle Generation LLC. "By Vanguard's own admission, it misled investors on a number of its claims," ASIC deputy chair Sarah Court said. "In this case, Vanguard promised its investors and potential investors that the product would be screened ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... of the auditors who had conditions imposed has applied to the Administrative Appeals Tribunal for a review. ASIC deputy chair Sarah Court said independence is fundamental in protecting the integrity of the SMSF industry. "SMSF auditors should carefully ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
... financial products which require licensing under the law. Crypto-assets are risky, inherently volatile and complex," ASIC deputy chair Sarah Court said. "ASIC remains concerned that consumers do not fully appreciate the risks associated with products ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... Wilson. Finally, ASIC has cancelled the SMSF auditor registrations of Vincenzo Dissidomino and Vincent Crowe. ASIC deputy chair Sarah Court said that SMSF auditors are responsible for auditing over 611,000 SMSFs with total estimated assets of almost ...