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

Search Results

Showing 71 - 80 of 732 results for "Misconduct"

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... parliamentary committee 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 ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... the First Guardian and Shield failures and, while investigations are ongoing, the blame for their collapse and the misconduct that led to it is being passed around like a football on a lazy Sunday afternoon. Alvarez and Marsal estimates that as at 31 ...

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... capital add-on after the bank completed its multi-year risk transformation program spurred by several breaches and misconduct. APRA slapped the first $500 million capital add-on in July 2019 as a result of its poor risk governance self-assessments. At ...

ASIC bans another former Lighthouse Partners director

ANGELIQUE MINAS  |  THURSDAY, 9 OCT 2025
... a director, shareholder and financial adviser. An investigation found that Archibald failed to promptly report the misconduct to Crown Wealth Group. He also failed to immediately and adequately investigate the FFNS instances to prevent recurrence. This ...

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 ...