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Financial planner Fortnum Private Wealth has been hit with a $1.35 million penalty after admitting it failed to implement adequate cyber security systems, after a breach led to the data of 9,000 customers being published on the dark web.
Beauty brand McPherson's and its former boss are challenging the regulator's win in a case over disclosures related to sales forecasts for the company's Dr LeWinn's skincare range.
ASIC has won its case alleging health and beauty giant McPherson’s breached its continuous disclosure obligations and engaged in misleading or deceptive conduct by failing to update the market sooner about declining sales forecasts for its Dr LeWinn's skincare line.
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.
The NSW Law Society's unusual approach to a proposed case against a law firm principal for a clerk's alleged embezzlement of client funds means insurer Lawcover's summary dismissal bid must fail, a judge has said.
A court has tossed the corporate regulator's case against Freedom Insurance's former boss and another executive, finding that a sales incentives scheme did not breach conflicted remuneration laws.
The Australian Securities and Investments Commission is taking a third swing at cyber enforcement proceedings, suing financial planner Fortnum Private Wealth after a breach saw the data of 9,000 clients published to the dark web.
The trustee for Active Super has been ordered to pay a $10.5 million penalty for misleading members about its investments in gambling, oil tar sands and Russian companies.
The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members.
The corporate regulator is on a winning streak in its greenwashing cases, with a judge rejecting Active Super's attempt to qualify its “unequivocal” statements about limiting its investment in companies connected to gambling and coal mining.