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Showing 1 - 10 of 619 results for "Misconduct"

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... entity for the Shield Master Fund, the assets of which were frozen by ASIC in June while it investigated potential misconduct. It initially placed stop orders on the product in February this year. ASIC believes that since February 2022, more than $480 ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... transitioned to the London branch in October 2018. Macquarie detected the issue on 23 February 2022 and reported the misconduct. Macquarie Group issued a statement stating the organisation takes these matters very seriously and has been co-operating ...

Gensler to leave SEC in January

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2024
... accountable and return billions to harmed investors." Gensler's term was characterised by his tough stance on Wall Street misconduct and even tougher regulation of cryptocurrency. Most cryptocurrencies have surged on the back of Trump's election win ...

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... publicity orders against NAB and AFSH. This is the second major bank ASIC has acted against for financial hardship misconduct after it filed proceedings against Westpac in September 2023.

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... forewarned this will only intensify in 2025. For one, ASIC will add a new priority in 2025 which it describes broadly as "misconduct exploiting superannuation savings". "We see this as an emerging and concerning area of vigilance and we are calling on ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
... an internal probe which uncovered his misuse of company resources. Ellison was found to have engaged in widespread misconduct, including underreporting income from offshore entities to the Australian Taxation Office. Ellison will face board-imposed financial ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... action taken against ANZ. "We are giving this investigation the highest priority given the seriousness of the alleged misconduct and the potential for the alleged conduct to impact the interest payments of the Commonwealth on the bonds issued and therefore ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... terms regime was expanded to include insurance contracts, arising from a recommendation of the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry.

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... Finity, is expected to be lodged with parliament when it resumes sitting early next year. Some of the common themes of misconduct arising from the provision of personal financial advice the CSLR observes include the inappropriate linking of SMSF and ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... country, helping Australians achieve their financial goals. We do not have the financial capacity to underwrite the misconduct of large companies, and nor should we," Abood said. ASIC took action on Dixon Advisory in 2021, alleging 51 instances of bad ...
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