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Showing 81 - 90 of 732 results for "Misconduct"

CSLR a 'shared responsibility' for all AFCA members: SMSFA

MATTHEW WAI  |  THURSDAY, 11 SEP 2025
... current CSLR's industry funding model that is predicated on direct industry culpability for instances or classes of misconduct," Burgess said. "In these circumstances, we believe the most effective way to quickly compensate eligible claimants is ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... its compliance obligations seriously. ETSL understands the deeply distressing circumstances for those affected by the misconduct of now banned financial advisers and allegedly fraudulent promoters, responsible entities and managers, and continue to provide ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
... services business. Trevillian was arrested on 20 July 2023 and subsequently sentenced to three years' imprisonment for misconduct in November last year, after pleading guilty to two counts of making false documents. Commenting, ASIC deputy chair ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... ASIC deputy chair Sarah Court said this action is the latest part of ongoing enforcement activity to clamp down on misconduct we consider exploits superannuation savings. "This type of conduct doesn't just undermine the integrity of the financial ...

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 ...

Superannuation fraudster sentenced to prison

ELIZA BAVIN  |  MONDAY, 11 AUG 2025
... monies were repaid to the investors. "The sentence imposed by the Court demonstrates the seriousness of Mr Steele's misconduct," ASIC deputy chair Sarah Court said. "When individuals misappropriate funds for personal gain, they not only harm their investors ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... announced Labor would undertake a post-implementation, comprehensive review of the CSLR to ensure victims of financial misconduct have a sustainable avenue for redress. The first round of consultation took place between January 31 and February 28. That ...

FAAA fights to reignite Dixon inquiry

MATTHEW WAI  |  THURSDAY, 24 JUL 2025
... who are primarily affected by malpractice, it is completed at the expense of advisers who were not involved in the misconduct. "At the moment, the scheme's designed on the basis of there being a $20 million sector cap, and that's worked out for ...

Funeral insurer fined $4.75m

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... ordered against ACBF to $4.7 million. Additionally, Youpla was the subject of a case study in the Royal Commission into misconduct in the banking, superannuation and financial services industry. ASIC chair Joe Longo said the penalty is a "strong deterrent" ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... defunct advice licensee has been banned for three years over the way he dealt with an adviser's fees for no service misconduct. Former Crown Wealth Group director and head of compliance Andrew Moore has been banned for three years for failing to recognise ...