A tribunal has halved an eight-year ban imposed on a former manager of over-the-counter derivatives provider Trade360, accepting that he did not have actual knowledge of the company’s contraventions.
The corporate regulator is challenging insurer IAG’s claims of legal professional privilege over a technical report in proceedings over allegedly misleading loyalty discounts.
Former Queensland senator Claire Moore has been banned from managing corporations for four years over her role as a director of two gold exploration companies that collapsed after raising $44 million from investors.
Sarah Court has been appointed as the first female chair of the Australian Securities and Investments Commission in the regulator’s 35-year history.
A court has slapped Qoin cryptocurrency issuer BPS Financial with a $14 million penalty for “serious and unlawful misconduct”, including making misleading statements about the product and providing financial advice without a license.
A financial firm director and brother of breakdancer ‘Raygun’ has pleaded guilty to charges over funds suspected of being the proceeds of crime.
An investment manager has been sentenced to six years in prison after accessing confidential information from the computer of Platinum Asset Management’s chairman about a takeover offer and using the intel to trade in shares.
Four former directors of funeral insurance firm Youpla Group have agreed to settle ASIC claims that they breached their directors duties, with a judge allowed remaining claims against former CEO Bryn Jones to head to trial.
More than 38,000 retail investors have received nearly $40 million in refunds after an ASIC investigation found “widespread weaknesses” in how issuers of contracts for difference products comply with their obligations.
A court has largely set aside examination orders against executives and solicitors for oil and gas company Moreton Resources and MRV Metals, finding they were an abuse of process.