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Showing 81 - 90 of 1606 results for "Investigation"

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 ...

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... believes Rankin failed to identify clients' objectives and needs, the subject matter of advice, or conduct a reasonable investigation of the financial products. ASIC has since imposed interim stop orders on the Pivotal Diversified Fund and froze assets ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... suggesting a potential cybersecurity incident involving our data. Our IT security team is conducting a thorough investigation to determine the validity of these claims. Our systems remain fully operational..."

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... investigations not being reported. This included there being no end-to-end policy or procedure to adequately identify when an investigation was commenced, how long the investigation lasted, and whether or not it was reportable under the regime. There ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... or seek a referral from the president of the Tribunal to the Tribunal's Guidance and Appeals panel. ASIC said its investigation into UGC, Hewish and related entities is continuing.

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
... contrary to sections 400.4(2), 400.5(2), 400.9(1) and 400.9(1A) of the Criminal Code (Cth ). ASIC commenced its investigation after receiving complaints from consumers and corporate and institutional entities. The matter is listed for committal mention ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... 11,000 investors. Since 7 April 2025, Sequoia added that InterPrac "continues to fully cooperate with an ongoing ASIC investigation into the failed Shield Master Fund and First Guardian Master Fund investment funds." "The Governance Committee will oversee ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... first line of defence here. You must have strong quality controls for your approved product lists," Longo said. The investigation into the collapse of the two managed investment schemes has affected 11,000 investors. This does not factor in victims of ...

Sequoia resumes trading after ASX query

ELIZA BAVIN  |  WEDNESDAY, 30 JUL 2025
Sequoia Financial Group has resumed trading after it responded to ASX queries over recent movement in the price and trading volumes of the stock. This comes as it also announced the departure of a board director. Sequoia entered a trading halt on July ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... services. Further, the business website falsely claimed the relevant company representatives held an AFSL. ASIC's investigation in October 2020 alleged that Beresford established Maxwell Financial Services in 2019 and offered investors financial ...