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Showing 71 - 80 of 721 results for "Proceedings"

Shield proposes to liquidate equities to pay investors

KARREN VERGARA  |  WEDNESDAY, 3 DEC 2025
... proofs of. ASIC commissioner Alan Kirkland told an industry event yesterday the regulator has 10 separate Federal Court proceedings against 18 defendants with more to come. This spans the entire value chain, from research houses and financial advisers ...

ASIC accuses ALAMMC Group directors of contempt

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
... Adapted Living Corp, which are all in liquidation. ASIC has filed an application seeking leave to commence contempt proceedings against McWilliams and Fullarton. In 2021, ASIC commenced an investigation into those entities after concerns were raised ...

Sequoia shares dive nearly 50%

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... a material effect" on its share price. This comes after the ASX questioned Sequoia about when it first knew of the proceedings, subsequently going into a trading pause and the impact it would have on its share price. The AFR published an article titled ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
... and the allegations were not reflective of "any new development". He reinforced the group's plan to defend the proceedings, saying it will do so "confidently and based on the facts". "At the same time, our responsibility is to pursue outcomes that ...

SQM vows to 'respectfully' defend ASIC case

MATTHEW WAI  |  TUESDAY, 18 NOV 2025
... statement overnight, SQM Research managing director Louis Christopher's said SQM "intends to respectfully defend the proceedings" brought by ASIC. The case marks the first time ASIC has acted against a research house. "SQM takes its regulatory obligations ...

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON  |  THURSDAY, 13 NOV 2025
... 3.5 star rating it had given First Guardian and the 3.75 stars it gave Shield. The regulator has also now commenced proceedings against SQM for its involvement. The licensee also failed to respond appropriately to the use of lead generators, namely Imperial ...

First Mutual Private Equity gambled $80m of investor funds: ASIC

ANGELIQUE MINAS  |  MONDAY, 3 NOV 2025
... was reported to ASIC in June 2024. FMPE has still not released an official statement regarding the accusations or proceedings. An additional court hearing is scheduled for December 2 of this year regarding ASIC's application to appoint receivers to the ...

Cbus agrees to pay $23.5m fine

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
... Federal Court on October 28 and is listed for hearing on November 13 for the court to approve. ASIC launched legal proceedings against Cbus over delays in the processing of insurance claims made by members in November 2024. Court documents filed by ASIC ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
... O'Brien added that the market capitalisation of Equity Trustees has fallen by about $300 million since ASIC commenced proceedings against ETSL. He said there is no cross guarantee offered to ETSL by Equity Trustees. Further, O'Brien said ETSL's ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... company and associated parties for the return of $158 million," Chiodo said. "Chiodo Corporation has been joined to the proceedings, however it is Chiodo Corporation that has lost the money (not Keystone) and Chiodo Corp has provided ASIC with documents ...