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Showing 71 - 80 of 333 results for "Watchdog"

ASIC succeeds in application to liquidate Ascent

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
... was producing little business generated revenue and being sustained almost entirely through borrowings. The corporate watchdog also found - Ascent's primary means to make payments on loans is the money it receives from further loans, substantial liabilities ...

ANZ sued by ASIC

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
... launched against it in Federal Court by ASIC for allegedly misleading and overcharging thousands of customers. The corporate watchdog today alleged that between May 2016 and November 2016 around 165,750 ANZ customers were charged cash advance fees and ...

Superhero board signs former ASIC boss

CASSANDRA BALDINI  |  WEDNESDAY, 25 MAY 2022
... significantly overpaid, including ASIC paying almost $120,000 to cover his personal tax advice. The former corporate watchdog boss was cleared of any wrongdoing but still ended his tenure (2018- 2021) two years early, citing the regulator's best interests. ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... against Macquarie Bank Ltd over alleged failures to monitor third party withdrawals from customer accounts. The corporate watchdog said that limited monitoring by Macquarie of transactions made through its bulk transaction system didn't pass through ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
In a public statement this week, the Australian Securities and Investment Commission ( ASIC) has issued a warning urging self-managed super funds (SMSFs) to consider the risks of cryptocurrency investments. The corporate regulator said that it had noticed ...

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
... force licensees to improve identifying remediation issues and rectify and compensate consumers sooner. The corporate watchdog launched a new consultation with the advice industry to ensure that AFS licensees act efficiently, honestly, and fairly when ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... forging ahead with slashing the financial adviser levy by more than a third for those that provide retail advice. Corporate watchdog ASIC today updated its 2020-21 Cost Recovery Implementation Statement, which lays out how much it recovers from the superannuation ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... scams. For the first five months of this year almost $27 million in losses from Bitcoin-related scams was reported to the watchdog. ASIC regulates cryptoassets and related products and services to the extent they fall within the existing regulatory perimeter ...

ASIC changes ETF market maker rules

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
... competition between market makers facilitates market efficiency and can produce benefits for retail investors," the corporate watchdog said. Authorised participants help create liquidity for ETFs. Responsible entities appoint authorised participants ...

ASIC increases short selling surveillance

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
... notice, warning them that any information released on a target company must be accurate and objective. The corporate watchdog outlined several areas that it will keep an eye on in the newly released Information Sheet 255 Activist short selling campaigns ...