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Showing 1 - 10 of 732 results for "Misconduct"

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... record penalties and strong criminal outcomes, but enforcement is not just about punishment. It is about detecting misconduct sooner, preventing harm where we can, and securing remediation for those affected."

New 'high-risk' derivatives on the rise

MATTHEW WAI  |  MONDAY, 20 JUL 2026
... Australian financial services licence (AFSL). "ASIC takes unlicensed conduct seriously and where it identifies serious misconduct it won't hesitate to take further action." ASIC said it will continue to monitor developments in the digital assets space ...

FSCP bans adviser over client advice failures

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
... clients. Despite finding there was no current financial loss suffered by clients, the panel said the seriousness of the misconduct and the potential impact in two clients' retirement savings justified a registration prohibition order. The FSCP, which ...

NAB-owned WealthHub cops $1m ASIC fine

VINNY VUCAGO  |  WEDNESDAY, 15 JUL 2026
... market participant's trading system. ASIC said the information is critical to monitoring trading activity, detecting misconduct such as insider trading and market manipulation, and calculating industry funding levies. The MDP found WealthHub repeatedly ...

ASIC cancels AFSL of Capital Guard over fake bond sale

ELIZA BAVIN  |  FRIDAY, 3 JUL 2026
... as an AFS licensee. ASIC said further considered the conduct outlined indicated a risk of ongoing non-compliance and misconduct if the licence were to remain in force. ASIC said its investigation into Capital Guard remains ongoing. The licence cancellation ...

Tribunal shortens financial adviser's five-year ban

KARREN VERGARA  |  WEDNESDAY, 1 JUL 2026
... and then to BNR Financial Services, according to LinkedIn. "ASIC has not alleged dishonesty, fraud, or intentional misconduct in my case. The concerns raised relate to compliance and competence judgements, not integrity. I accept both parts of that ...

WA director admits investor deception

VINNY VUCAGO  |  TUESDAY, 30 JUN 2026
... is one of several recent criminal prosecutions pursued by ASIC targeting the misuse of investor funds and director misconduct, as the corporate regulator continues to emphasis enforcement action against individuals who abuse positions of trust within ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... are among actions trustee can take to protect their members," she said. "Where trustees have concerns about potential misconduct, they should immediately report it to ASIC for further investigation." Treasury recently put out a consultation to make platforms ...

FSC links active super choices to stronger retirement outcomes

VINNY VUCAGO  |  FRIDAY, 26 JUN 2026
... consider reforms following the Sheild and First Guardian collapses. While supporting targeted measures to address alleged misconduct, Briggs cautioned against changes that could inadvertently reduce consumer choice. "Policy proposals that make it harder ...

Block Earner found to have offered an unlicensed financial product

MATTHEW WAI  |  THURSDAY, 18 JUN 2026
... fair, forward-looking financial services laws in Australia." There has been no finding of customer loss, dishonesty, or misconduct, Block Earner said. The matter will now be returned to the Full Court of the Federal Court.
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