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Canadian trader Daniel Schlaepfer has suffered a loss in his $10 million defamation case against ASIC, with an appeals court tossing the lawsuit despite finding the regulator defamed him and his firm by accusing them of unlawful market manipulation.
The founder of embattled investment group Mayfair 101, James Mawhinney, will argue that he should not be ordered to pay any penalty after the company was found to have misled investors about its financial products.
Payday lender Cigno has lost its appeal of a ruling which upheld ASIC’s first product intervention order banning the use of short-term lending models with “excessive” fees.
The corporate regulator has secured a travel ban against the brother of former Nuix CFO Stephen Doyle as it pursues a criminal investigation of alleged insider trading by the executive and his family.
Energy generator Stanwell has filed a lawsuit seeking to shut down the funding for a class action brought on behalf of 50,000 customers accusing it of gaming Queenland's energy pricing system, alleging funder LCM lacked the required licence to back the case and did not register the class action as a managed investment scheme.
A court has dismissed ASIC’s enforcement action against payday lenders Cigno and BHF Solutions, finding the companies did not need a licence to issue loans to hundreds of thousands of consumers.
Mineralogy is seeking declarations that its 2014 financial statements were true and fair in a court case ASIC has called a "collateral attack" on criminal proceedings brought against Clive Palmer over $12 million spent on his political aspirations.
National Australia Bank has urged a court to impose a $15 million penalty for its five-year failure to adequately disclose its adviser fees, and has argued ASIC's push for a steeper penalty goes too far.
The Australian Securities and Investments Commission's new chair Joseph Longo has defended his team's work in reviewing the Nuix prospectus before the embattled tech company's $2.9 billion float late last year.
Labor Senator Deborah O'Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised prior to the $2.9 billion IPO of embattled technology company Nuix, which led to a $580 million payday for shareholder Macquarie.