asic
108 results tagged asic:
Rest pays $40k over misleading statements
ASIC issued two infringement notices to the industry fund for misleading statements it made after charging more than 2000 members for insurance cover they were not supposed to have.
Macquarie to repay Shield victims – here’s when to expect it
Macquarie is heading to court with ASIC over its role in the Shield Master Fund collapse, but has committed to reimbursing investors' retirement savings by September 30.
La Trobe has two of three stop orders lifted
ASIC has withdrawn restrictions on two of the three La Trobe Financial funds that were halted last week.
Concentration of private credit sector a concern: ASIC
The nation's $200 billion private credit market could pose a systemic risk to many investors if a downturn were to occur, according to a new report from ASIC.
ASIC issues interim stop orders to La Trobe Financial
La Trobe Financial has been told by ASIC to stop offering three of its products, including an $11 billion fund
ANZ fined $240 million for bond trading, retail misconduct
ANZ has copped a whopping $240 million fine for bank-wide "unconscionable conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal.
Why ASIC is suddenly ramping up its investigations
After copping heat during the banking royal commission, ASIC has ramped up its efforts, with investigations up nearly 50% in a year in a push to restore accountability.
ASIC sues Mercer Super over ‘longstanding and systemic’ failures
Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly.
Why ASIC is launching a fresh inquiry into the ASX
ASIC has launched another inquiry into what chair Joe Longo says are repeated and serious failures by the ASX.
ASIC cracks down on finfluencers over ‘unlawful’ advice
18 finfluencers suspected of unlawfully promoting high-risk financial products and providing unlicensed financial advice have received warnings from ASIC.
