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A judge has pushed out freezing orders against the former chief investment officer of failed investment firm Falcon Capital, dismissing the excecutive's complaint that he was leaning on friends to pay bills.
A former director of collapsed Melbourne-based over-the-counter derivatives broker Berndale Capital Securities will serve 23 months in prison after pleading guilty to misusing company funds, misconduct that ASIC called "egregious".
A shareholder class action against KPMG and ex-Arrium directors says the company's accounts were infected by "chronic and systemic overoptimism", with the former operator of Whyalla Steelworks portraying as viable a business that was impaired up to $2.8 billion.
Former Keystone Asset Management director and developer Paul Chiodo is accused of raising more than $1.5 million from unwitting investors for a purported property fund that was secretly used to cover his legal fees in ASIC's enforcement action.
A judge will approve deductions that will leave less than half of a $22.5 million class action settlement against two former CBA wealth management units left over for distribution to group members.
Auditing firm Auditeo is accused of serious failures in the latest action by the corporate regulator over the collapse of the First Guardian investment fund.
A banned financial advisor who is suing former employer AMP Financial Planning for alleged unconscionable conduct is seeking to join AMP Bank to the case, claiming it made fraudulent misrepresentations.
A former director of defunct Falcon Capital has won a fight with ASIC over a proposed travel ban extension, following an emotional plea to a court in which he claimed to be a whistleblower.
A self-represented former director of the defunct Falcon Capital has told a court he has emails that clear him of claims by ASIC, but the corporate regulator said the documents may contain privileged information.
ASIC will press on with its case against defunct lender Oak Capital alleging the company's business model was designed to avoid consumer protections under the National Credit Code.