ASIC

ASIC's Markets Disciplinary Panel has slapped NAB broker WealthHub Securities with a $1.055 million fine for failing to accurately report regulatory data. 

A director of Athlete's Foot owner Accent Group has stepped down as the retailer cooperates with an ASIC investigation into insider trading of its shares and tries to fend off a hostile takeover offer from shareholder Frasers Group.

ASIC is continuing its aggressive crackdown on advisers that spruiked the First Guardian and Shield Master Funds, banning a MWL Financial adviser for allegedly providing advice that was not in her clients' best interests.

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

The former CEO and chief legal officer of Star Entertainment are challenging a judge's orders that they pay a combined $1.1 million for failures in connection with anti-money laundering compliance.

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

An initial investigation by law firm Allens that cleared KPMG over a whistleblower's allegations of misuse of confidential data has been slammed by parliamentary committee members as lacking independence.

Former Keystone Asset Management director and developer Paul Chiodo will have to produce bank records for himself and family members, after a judge shot down his appeal of a ruling ordering production. 

Deutsche Bank has copped a $2 million fine for misreporting more than 260,000 over-the-counter derivatives transactions over a period of more than 200 business days.

The corporate regulator has expanded its case against Resimac that accuses the home loan manager of breaching its fairness obligations as a credit licensee towards customers who filed hardship applications.