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Showing 1 - 10 of 2168 results for %22Order of Australia%22

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
The Federal Court has ordered former director of EverBlu Capital and Creso Pharma Adam Blumenthal to pay $850,000 and be disqualified from managing corporation for five years for market rigging and breaching director duties. The court found Blumenthal ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... crypto industry that products will continue to be scrutinised by ASIC to ensure they comply with regulatory obligations in order to protect consumers," ASIC chair Joe Longo said. The Federal Court last week appointed Anthony Connelly, Kathy Sozou, and ...

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
The Federal Court ordered Prospero Markets to be wound up following an application by the corporate regulator. ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The ...

ETF market to soar 30%: State Street

KARREN VERGARA  |  TUESDAY, 9 APR 2024
... managers and strategies which they believe will create alpha. This creates additional choice in the marketplace, but in order for these strategies to gain traction the issuers will need to develop ETF expertise," he said. This would include building ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... attempt to claim a scalp," Mawhinney said. "Mayfair 101's clients and the Australian public deserve answers. I urge Australia's Parliament to commence an inquiry." The representations which Mawhinney's lawyers have applied to strike out include the 'Bank ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
The federal court has rejected Provide Capital's "illogical" application to prevent ASIC conducting further investigation into the firm. Justice Rofe dismissed Provide Capital's application that alleged ASIC did not have the state of mind required ...

Aware Super chair named governor-general

ELIZA BAVIN  |  WEDNESDAY, 3 APR 2024
... sincere congratulations and best wishes to Ms Mostyn on her appointment." In 2021, Mostyn was appointed an Officer of the Order of Australia for distinguished service to business, the community and women. She has been a member of the Australian Faculty ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... scenario. "Basically, if you're providing advice on how an SMSF should invest, that SMSF needed to have $10 million in it in order for it to be properly treated as wholesale," she said. In August 2014, ASIC brought this down a notch. "[ASIC] didn't ...

Director facing $13k fine in first of its kind action from ASIC

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... contravening section 1272C(1) of the Corporations Act 2001 by failing to have a director ID. An interim non-publication order (NPO) was granted by the court prohibiting the identification of the defendant. The charges were listed for a further mention ...

Perpetual awards State Street subsidiary a major mandate

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... will use Charles River's Investment Management Solution (Charles River IMS) to manage its domestic and global portfolios, order and execution, compliance, post trade processing and front office data. Perpetual chief operating officer Craig Squires commented ...
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