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Regulatory

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
ASIC has won its case against Bit Trade, the operator of Kraken in Australia, after the crypto exchange was found to have not complied with design and distribution obligations when offering a margin trading product to its customers.

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
The government has passed legislation that will put in place new powers for regulators to protect financial market infrastructure in the event of a crisis.

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
APRA has increased the capital add-on applied to ANZ to $750 million over concerns about the bank's non-financial risk management practices.

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
The corporate watchdog will be putting Australia's superannuation industry under the microscope as it unveils its latest corporate plan.

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
Nine years on from its collapse, the former employee of stockbroking firm BBY has been sentenced to two years and six months after being convicted of aiding and abetting.

ASIC project foils scammers' operations

MATTHEW WAI  |  MONDAY, 19 AUG 2024
A year into its investment scam disruption project, ASIC has taken down more than 7300 phishing and investment scam websites. This includes the removal of 5530 fake investment platform scams since July 2023.

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures.

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more.

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
The corporate regulator didn't hold back when addressing superannuation trustees, calling for meaningful action from funds.

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
The market operator has come under fire from the corporate regulator over statements it made relating to the CHESS replacement project.