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Showing 1 - 10 of 2446 results for "Court"

Big Un finance chief's insider trading charges dropped

KARREN VERGARA  |  TUESDAY, 2 JUN 2026
... executive Richard Evans (formerly Evertz) pleaded guilty to one count of communicating inside information at the Sydney District Court in April. ASIC said Evans communicated inside information about Big Un to a shareholder in early 2017, when he ought ...

ASIC cannot afford to stand still: Longo

VINNY VUCAGO  |  MONDAY, 1 JUN 2026
... regulator has already obtained approximately $484 million in penalties this financial year, excluding matters still awaiting court approval. Highlighting major enforcement actions, he cited penalties against ANZ, Westpac and proceedings involving AustralianSuper ...

Dexus forced to sell stake in airports

KARREN VERGARA  |  MONDAY, 1 JUN 2026
Dexus has been ordered to sell its stake in major airports following a court order, underscoring a win for the IFM Investors-backed lawsuit. Last week, the NSW Supreme Court ruled Dexus must commence the "compulsory process to offer for sale the shares ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... members losing millions of dollars from the Shield Master Fund's collapse. In August 2025, ASIC took Equity Trustees to court over its alleged due diligence failures concerning the Shield Master Fund. HUB24 has maintained it has never hosted the ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... The Australian Financial Complaints Authority (AFCA) is pausing all InterPrac Financial Planning-related determinations as court proceedings instigated by the latter are underway. For people affected, the pause in determinations mean their complaints ...

Sequoia Financial chair resigns

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... timeframe. However, Sequoia now says Conquest has disputed the termination of the agreement. "On 7 May 2026 the Federal Court adjourned the case management hearing regarding the ASIC proceedings to allow the parties an opportunity to confer regarding ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their online hardship ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
The Federal Court has re-sentenced former investment manager Rodney Forrest to five years and three months' imprisonment following his appeal for insider trading and procuring others to trade in more than $3 million of Platinum Asset Management shares. ...

Feature: Private credit | The fine print

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
JPMorgan Chase chief executive Jamie Dimon grabbed headlines last year when speaking at one of the banking giant's quarterly earnings calls. "When you see one cockroach," he told analysts, "there are probably more." The cockroach Dimon was referring ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...
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