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Showing 1 - 10 of 592 results for %22Misconduct%22

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... practices. We expect ASIC to now follow up with strong enforcement action against trustees and advisers to deter future misconduct." Since the review wrapped in March 2023, Constant said there has been some response from the participating trustees in ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... decision emphasises that market participants cannot solely rely on automated trade monitoring systems to detect potential misconduct and must take immediate action once alerted to misconduct by ASIC." The MDP's Infringement Notice outlined that "this ...

AFCA and CSLR sign MoU

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... important in effectively discharging our responsibilities." Berry said: "For the CSLR to support victims of financial misconduct, it is vital we have clear and transparent procedures in place with AFCA to support effective and efficient outcomes." The ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... Longo said the penalties imposed by the court were significant and should act as a deterrent to engaging in market misconduct. "They are a timely reminder to directors of their obligations, including to avoid conflicts of interest, and that serious consequences ...

ASIC consults on misconduct reporting rules

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... regulatory guidelines for external administrators and controllers when reporting and lodging statutory reports about alleged misconduct. The proposed updates to Regulatory Guide 16 External administrators and controllers: Reporting of possible offences ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... for operating what it believes to be a Ponzi scheme and Mawhinney fighting the claims and accusing ASIC of its own misconduct in pursuing him. In the latest instalment, Mawhinney was arrested yesterday and charged with four counts of engaging in dishonest ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... and Investments Commission (ASIC) commissioner Alan Kirkland has admitted the regulator can't fight every battle of misconduct, but that doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event, Kirkland said ASIC can only regulate ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... culture. "There have been several high-profile cases which show the existential risk to firms who don't tackle sexual misconduct. We also know that more diverse organisations perform better, so inaction is not only immoral but bad for growth and ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... detect and address the issue promptly were aggravating factors. Although no direct financial losses were linked to the misconduct, ASIC emphasised that the resulting damage to public confidence in the market operator also contributed to the severity ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... it has shut down about 3500 investment scam websites since July 2023 to protect Australians from digitally enabled misconduct. According to ASIC's latest enforcement and regulatory update, it has secured almost $60 million in civil penalties and ...
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