Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 1605 results for "Investigation"

Court extends freezing orders on First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 12 SEP 2025
... himself and FMPE by September 25, ASIC said. According to ASIC, Cotton is aware of the situation, and as part of the investigation, ASIC is obtaining information in relation to any monies paid by investors to Cotton and FMPE prior to March 2024. The ...

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... Sarah Court said. "This result delivers justice to investors who Marco defrauded and speaks to ASIC's painstaking investigation into this complex matter." Marco has been remanded in custody for sentencing on 30 October 2025. The verdict comes after a ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
... late last year, is permanently suspended from providing any functions of a financial services business. An ASIC investigation found that, between April and October 2019, Trevillian forged four portfolio performance verification reports with false investment ...

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 breached ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... Trustees recognises the deeply difficult circumstances for individuals affected. We have fully cooperated with ASIC's investigation and are carefully reviewing the claim," Equity Trustees managing director Mick O'Brien said. "Equity Trustees takes its ...

Former adviser back in Australia to face theft charges

JAMIE WILLIAMSON  |  MONDAY, 25 AUG 2025
A former financial adviser accused of stealing millions from clients will finally face court after being extradited back to Australia from New Zealand. Marion Pearson allegedly stole $4.1 million from 13 clients between January 2009 and October 2013. ...

Liquidity issues hurting Healthbridge Capital investors

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... of their money since March amid a liquidity crunch as corporate regulator ASIC stays mum about its knowledge or investigation into the potential collapse of another managed investment scheme. A significant event notice sent to investors by responsible ...

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
... reported to ASIC in June 2024. ASIC sought these orders on an urgent basis to safeguard investor funds while the investigation is underway, it said. The interim orders also bar Cotton and FMPE from incurring new liabilities or transferring monies in ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
New data shows a significant rise in the number of misconduct reports made to ASIC, with more than half of the complaints impacting retail investors. ASIC's half-year reports of misconduct data shows that there were 7561 reports of misconduct from 1 ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
ASIC is warning life insurers to do better when it comes to their direct sales practices that have placed doubt on their compliance obligations and put consumer outcomes at risk. While some life insurance firms have improved since ASIC's 2018 review ...