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Showing 1 - 10 of 70 results for "Karen Chester"

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... ANZ's share price. He added that the fine was needed to "deter similar actions." Meanwhile, ASIC deputy chair Karen Chester said the fine confirms the paramount importance of continuous disclosure. "The penalty and remarks from the Judge are a clear ...

ASIC forced to pay James Mawhinney's legal costs

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2023
... and carried out is "suspicious." It came on the back of a "spidey-sense" email exchange between ASIC deputy chair Karen Chester and Bronte Capital founder John Hempton. Mawhinney has previously called on the Senate Economics Committee to investigate ...

ANZ breached disclosure laws in 2015 raise: Court

CHLOE WALKER  |  MONDAY, 16 OCT 2023
... decision has been hailed a landmark win for ASIC, which first brought the case to court in 2018. ASIC deputy chair Karen Chester said the decision reaffirms ASIC's long-standing expectation that an issuer of securities must disclose material shortfalls ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... but also very costly for firms who have to re-do remediations and repair reputational damage," ASIC deputy chair Karen Chester said. "Going forward, while ASIC will generally not oversee remediation programs, we will consider regulatory action where ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... proceedings against the distributor of an investment product and an issuer of a credit product," ASIC deputy chair Karen Chester said. "We have further stop orders under consideration and several other DDO-related investigations underway, including for ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... new commissioners who will spearhead ASIC for the next five years, as incumbents Danielle Press, Sean Hughes and Karen Chester wrap up their terms. CHOICE chief executive Alan Kirkland, Commonwealth Bank chief risk officer for institutional bank and ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
... the resources of ASIC". Among them, Mayfair wants access to encrypted messaged exchanged between ASIC deputy chair Karen Chester and Bronte Capital founder John Hempton. Investigations by The Australian recently found it was an email from Hempton to ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... Hempton, founder and chief investment officer of hedge fund Bronte Capital, that was sent directly to ASIC deputy chair Karen Chester may have been what triggered the regulator's investigation. Chester and Hempton previously worked together at the ...

ASIC revises IDR reporting framework

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
... Importantly those firms account for the large majority of consumer complaints made through IDR," ASIC deputy chair Karen Chester said. "The staged implementation will also allow more time for many smaller firms to prepare for the start of their reporting ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... to see DDO deficiencies across the board, and by large and small product issuers alike," said ASIC deputy chair Karen Chester. "Poor product design or distribution puts retail investors at risk of financial harm, ending up in products that don't ...
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