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ASIC has lost its case alleging software company Nuix failed to publish corrective disclosures that contradicted the growth story presented to the market in a prospectus for its $1.8 billion float on the ASX.
ASIC has imposed its tenth ban on an adviser for directing clients to invest their super in the Shield and First Guardian Master Funds.
HSBC won't defend ASIC proceedings alleging it failed to protect customers from scams that resulted in $23 million in customer losses.
A judge has slapped payday lenders BSF, Cigno and their directors with a combined $7 million in penalties for engaging in unlicensed credit activity, finding a lower penalty was appropriate given they had relied on legal advice from Piper Alderman.
A former Beacon Minerals project manager who managed the gold exploration drilling program for the company's Jaurdi gold project in Western Australia has pleaded guilty to one count of insider trading.
Latitude Finance has been hit with a $3.96 million penalty for sending more than 2.3 million marketing messages that ran afoul of spam laws, the latest legal headache for the country's largest non-bank lender.
The former chief executive officer of Big Un has pleaded guilty to communicating inside information to a shareholder of the defunct video producer.
ASIC is not letting up in its pursuit of financial advisors that spruiked the Shield Master Fund and First Guardian Master Fund, banning two more advisors on top of the seven bans it has already imposed.
Concerned Sequoia Wealth wants to limit liability for claims linked to the $1 billion collapse of the Shield and First Guardian funds, ASIC has asked a court to appoint receivers from KPMG to probe the sale of Interprac Financial Planning.
A judge has hit Electro Optic Systems with a $4 million penalty after the defence firm admitted to continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts.